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33733317
33734457

12037 Indian River Road, D'Iberville, MS 39540

TS
TN TN 370826
Matthews
CS
TN 361676, TX 693140
Matthews
CL
TN 386440
Matthews
Listed by Matthews
$1,647,213
4 days on market
Updated 1 day ago

Ruby Tuesday - D'Iberville, MS

Details
APN 1408E-01-001.002
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,673
Net Rentable (SqFt) 4,673
Cap Rate 7.25%
NOI $119,423
Occupancy 100%
Tenancy Single
Brand/Tenant Ruby Tuesday
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/30/2040
Remaining Term 14
Rent Bumps Yes
Lease Options Four (4), 5-year Options
Year Built 2004
Year Renovated 2018
Acreage 1.200
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Walmart Outparcel | $1.6M - 7.25% | Signalized Intersection | Biloxi MSA

Investment highlights

PART OF LARGER PORTFOLIO | AVAILABLE INDIVIDUALLY OR AS A PACKAGE

  • Below Market Rent | Walmart Outparcel at Signalized Intersection | 1st Parcel at Interchange - current rent is equal to $26/sf. Positioned at the intersection of Sangani Blvd & Indian River Rd with direct access from I-10 & I-110 split with a combined 97,445+ vehicles per day (VPD), offering great access & visibility to thousands of daily travelers; prime outparcel location on a signalized corner next to a Walmart Supercenter, benefitting from strong daily consumer traffic.
  • Consistent Population Growth | MS's Most Populated County | Biloxi-Gulfport MSA - Harrison County is home to over 219,000 residents, the #1 most populated county in the state. Located only 5 miles from the Mississippi coast. D'Iberville is one of the most desirable & dependable growth markets in the Biloxi-Gulfport MSA with strong long-term fundamentals.
    • Harrison County 5-Year Population Growth: 4.1%
    • Harrison County Average Household Income: $80,923
  • Highly-Trafficked Route to New Orleans | Tourist Destination | Direct Access from Interstate - located at the interchange of I-10 & I-110, D'Iberville benefits greatly from increased traffic patterns that is accompanied with beach & casino tourism. Bolstering an average 15.7M+ visitors per year in Harrison County.
  • Surrounded by Major National Retailers - including Walmart Supercenter, Lowe's, Target, Kohl's, Marshall's, Chick-fil-A, Whataburger, Starbucks, Chipotle, & more, driving consistent consumer activity & foot traffic.
  • Nearby Keesler Air Force Base - one of the U.S. Air Force's key training hubs; home to over 15,000 active air force & family members, including the 81st Training Wing & the 2nd Air Force, which oversees all Air Force tech training.
  • Long-Term Absolute NNN Lease - fourteen (14) years remaining in the initial term with an investor friendly lease structure.
    • Guarantor: Ruby Tuesday, Inc.
    • Term: 14+ years
    • Increases: 1.50% Annually (Jan. 1)
    • Options: Four (4), 5-year Renewals
  • Attractive Building & Lot Size | Future Property Use Flexibility - existing 4,673+ SF building positioned on over 1.20+ AC. Creates future flexibility & various future uses for investors.

Listing Contacts

TS
TN TN 370826
Matthews
CS
TN 361676, TX 693140
Matthews
CL
TN 386440
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,423.00
$9,951.92/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

Map

Zoning

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C-3-A MixedMixed UseInterstate District A
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Phillip Carpenter
License
8906, C-11708 (MS)
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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