2585 Pass Rd · Biloxi, MS 39531 · Auto Parts / Service
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Single-tenant NNN lease with The Goodyear Tire & Rubber Company
Tenant has a 40-year operating history at the site with a recently executed 5-year lease extension
Located along Pass Road, a major commercial corridor in Biloxi with strong traffic counts and excellent visibility.
Attractive 6.00% Cap Rate, offering stable, passive income backed by a creditworthy national tenant.
Long-Term Upside with two renewal options through 2040, providing built-in rental growth and extended income stability.
Southeast Commercial is pleased to offer For Sale this well positioned investment opportunity located at 2585 Pass Road in Biloxi. The tenant has successfully operated at this location for 40 years, recently signing a new 5-year extension, demonstrating long-term commitment to the site and the surrounding trade area. The property features a 5,772 square foot retail building, originally constructed in 1987, and strategically positioned along Pass Road, one of Biloxi’s primary commercial corridors known for its strong traffic volume and excellent visibility. The investment is offered at a 6.00% cap rate, providing investors with stable, passive income backed by a nationally recognized tenant. The lease structure also includes two renewal options, further extending the potential long-term value of the asset. Option 1 extends through 2035 with monthly rent of $5,395, while Option 2 extends through 2040 with monthly rent of $5,627, offering built-in rental growth and long-term income stability.
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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.