This is an opportunity to acquire a new construction strip center in the heart of a growing market with 75% of the tenant base including destination/medical/health centric tenants, which gives this center a strong hedge against any economic volatility in the market. In addition, the Chicken Salad Chick component is equipped with a drive through. All tenants provide strong financial personal guarantees on their leases and triple net structures allowing for someone to self manage this asset and get their management fee reimbursed to their bottom line, which would provide a 8.60% cap rate on current revenue.

Ocean Springs, Mississippi, lies at the heart of the beautiful Mississippi Gulf Coast on the eastern shore of Biloxi Bay. It’s known as the City of Discovery in recognition of the French establishment of a settlement there in 1699. Long before the French arrived, however, the area was appreciated for its beauty and natural resources by Native Americans. The attributes that brought these early
residents have attracted a diverse stream of people during the past 300 years. Ocean Springs has been flavored by many influences during its rich history, and now in the 21st century, it has a unique character that makes it a unique and blossoming market.

Nestled along the warm waters of the Gulf of Mexico, the City of Ocean Springs is a hotspot for vibrant and eclectic arts and has a reputation as an arts community. The town was voted as a top 10 Happiest Seaside Town by Coastal Living in 2015. Its historic and secluded downtown area, with streets lined by live oak trees, is home to several art galleries and shops. It is also home to a number of ethnic restaurants relatively uncommon in surrounding communities. It is home to numerous galleries, artist studios, and over 100 restaurants, and recently opened its first micro-brewery. With relatively affordable housing (the median home value is just over $204,000), schools that are among the best in the State of Mississippi, premier healthcare facilities, and a unique beauty found all over town, the future of Ocean Springs is very bright.