14860 W Main St - Fast Food FOR SALE


Louisville, MS 39339
$1,936,000 USD
332-345-4222
14860 W Main St, Louisville, MS for Sale
$1,936,000 USD
Fast Food - FOR SALE
1/2
null | 6.25% Cap Rate

14860 W Main St
Louisville, MS 39339


HIGHLIGHTS

  • Long Term Lease | More than 15 Years Remaining on an Original 20-Year Lease
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Operated by Carrols Restaurant Group (NASDAQ: TAST), one of the Largest Restaurant Companies and Franchisee’s in the United States

OVERVIEW

NNN Properties, LLC is pleased to present the exclusive listing for a Burger King located at 14860 West Main Street in Louisville, Mississippi. The site consists of roughly 3,063 rentable square feet of building space on estimated 1.30-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on July 18th, 2018, and has more than 15 years remaining. The current annual rent is $121,000 and is scheduled to increase by 10% every 5 years and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,936,000 USD

PRICE/SF

$632 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

-

APN/PARCEL ID

151293201-0101003

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.