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1st Floor - Unit Retail
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Retail
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6,500 SF
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$1,961,000 USD
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Unit Size: 6,500 SF
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Condo Use: Retail
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Price: $1,961,000 USD
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Sale Type: Investment
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Price/SF: $301.69 USD
Description
CBRE is pleased to exclusively offer for sale the 6,500 square-foot restaurant condominium (Keg & Barrel) located within Inlet mixed-use development in Ocean Springs, MS - a component of the Gulfport-Biloxi, MS MSA (population: 427,405). Keg & Barrel will execute a 10-year absolute triple net (NNN) lease at closing with a net operating income of $150,000 and 10.00% rent escalations in year 6 and in each of the two 5-year renewal options.
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