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Keg & Barrel

2501 Bienville Blvd, Ocean Springs, MS 39564

$1,875,000

Cap Rate 8.00%

Views: 112 DOM: 596 Updated: 08.22.24 Posted: 01.31.23 Status: Active

Summary

Price $1,875,000
Built/Renov 2021
Tenant Keg & Barrel
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,500
Lease Start 06-01-2023
#Units 3
Price/SF $288.46
Expiration 05-31-2033
Tenant Type Fast Casual/Rest.
NOI $150,000
R. Term 8.8
Ownership Fee Simple
Rent/SF $23.08
Increases 10.0%/5/yrs
Pop 5Mi 46,736
Lot/AC 0.00
Options 2/5yrs/10%
AHHI 5Mi $78,368

Patrick Nutt
SRS National Net Lease Group
Contact

William Wamble
SRS National Net Lease Group
Contact

Lease Highlights

  • Built-to-suit condo for Keg & Barrel in 2021
  • Keg & Barrel has committed to signing a brand-new 10 year lease upon sale with 2 (5-year) options to extend
  • Lease will feature 10% rental increases every 5 years throughout initial term and at the beginning of each option period
  • Absolute NNN lease- Zero landlord responsibilities
  • Strong personal guarantee by Keg & Barrel Restaurant Group of Ocean Springs, LLC

Location Description

Keg & Barrel is strategically located on Bienville Blvd (42,000 VPD), the main retail thoroughfare of Ocean Springs, Mississippi. The site is positioned within a new condominium development, The Inlet (95-units), providing a direct, walkable base from which to draw. Other nearby national/credit tenants include CVS Pharmacy, Winn-Dixie, Ace Hardware, Planet Fitness, and many more. The 5-mile...

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Key Features

  • Major thoroughfare

  • Near major nationals

  • Strategically located

  • Highway location

  • Strong tenant synergy

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Personal guarantee

    • ...

Links

Keg & Barrel Wikipedia Ocean Springs, Mississippi Zip Code 39564 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Keg & Barrel
  • Guarantor:Corporate
  • Company:Keg & Barrel Restaurant Group of Ocean Springs, LLC
  • # Units:3
  • Stock:Private

About Tenant

Keg & Barrel is a private beer emporium in Mississippi that offers over 120 different kinds of beer, from international to local brews. The restaurant brewery offers over 60 beers on draft at a...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,640 27,549 46,765
2023 Total Population : 4,633 27,350 46,740
2023 Employed Civilian Pop : 2,351 12,873 22,053
2023 Total Businesses : 369 1,123 1,504
2023 Average Household Income : $ 88,169 $ 90,460 $ 85,060
2023 Total Consumer Spending : $ 151 M $ 865 M $ 1365 M
2023 Median Age : 44 42 40
2023 Total Households : 2,007 11,159 18,613
2023 Pop Age 25+: Bachelor's Degree : 1,103 5,365 7,144
2023 Average Home Value : $ 279,286 $ 253,826 $ 240,573
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Government St Halstead Rd 2018 9,300 0.35 mi
Thorn St Bienville Blvd 2018 790 0.41 mi
Hanley Rd Government St 2018 6,600 0.47 mi
Bienville Blvd Nelson Dr 2005 4,100 0.52 mi
Holcomb Boulevard Government St 2018 3,900 0.59 mi
Halstead Rd Ridgewood Rd 2018 4,300 0.65 mi
Lancelot Lane Nottingham Rd 2018 60 0.66 mi
Bechtel Boulevard Bechtel Blvd 2018 3,400 0.66 mi
Bienville Boulevard Bienville Blvd 2018 42,000 0.67 mi
Bechtel Blvd Sherwood Cir 2005 3,900 0.67 mi

Listing Broker

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