Walgreens (Dollar Tree Sublease)

$4,483,000

2433 25th Avenue, Gulfport, MS 39501

For Sale

Retail Free Standing

Active

Last Updated: 10/21/2025

Details:

Cap Rate: 7.25%

NOI: $325,000

Building Size: 13,975 sqft

Lot Area: 1.2 acres

Occupancy: 100%

Lease Type: Absolute Net

Year Built: 2013

Tenancy: Single

Parking Spots: 53

Lease Expire Year: 10/31/2039

Offered by

Sean Lutz

Senior Vice President

SRS Capital Markets

#IL Lic No. 475132482

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Matthew Mousavi

Sr Managing Principal & Co-Head of National Net Lease

SRS Capital Markets

#CA License No. 01732226

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Highlights:

14 Years Remaining | Corporate Signed | Subleased to Dollar Tree
Absolute NNN | Strong and Well-Performing Store
Located Along 25th Avenue | Centralized Location
Dense Retail Trade Area | Major Nearby Economic Drivers
Demographics in 5-Mile Trade Area

Description:

- The lease is signed by Walgreen Co. | Absolute NNN with zero landlord responsibilities
- Walgreens currently subleases the property to Dollar Tree
- The subject is among the most visited Discount & Dollar Stores in the state of Mississippi with 209.4K annual visits, ranking in the top 88th percentile (per Placer.ai, July 2024-June 2025)
- Strategically located along 25th Avenue with clear visibility and access to an average of 40,000 vehicles passing by daily
- The property also benefits from nearby access to Interstate 10 (55,000 VPD)
- More than 59,400 residents and 44,200 employees support the trade area