Cap Rate: 9.00%
Current NOI: $831,429.66
Square Footage: 51,738
Shoppes at Popps Ferry is a 51,738 square foot community shopping center in operation for 25 years, anchored by Office Depot and West Marine. Other tenants include Petco, McAlister’s Deli, Starbucks and GameStop. All tenants are on Net leases, with various term and rate adjustment dates.
Biloxi is a city and one of two county seats of Harrison County, Mississippi, (the other seat being the adjoining city of Gulfport). The 2010 United States Census recorded the population as 44,054, and in 2016 the estimated population was 45,975. The area was first settled by French colonists.
The city is part of the Gulfport–Biloxi metropolitan area and the Gulfport-Biloxi-Pascagoula, MS Combined Statistical Area. The beachfront of Biloxi lies directly on the Mississippi Sound, with barrier islands scattered off the coast and into the Gulf of Mexico. Keesler Air Force Base lies within the city and is home to the 81st Training Wing and the 403d Wing of the U.S. Air Force Reserve.