1580 US-72 Hwy - Fast Food FOR SALE


Corinth, MS 38834
$2,500,000 USD
480-221-4221
1580 US-72 Hwy, Corinth, MS for Sale
$2,500,000 USD
Fast Food - FOR SALE
1/9
null | 6.38% Cap Rate

1580 US-72 Hwy
Corinth, MS 38834


HIGHLIGHTS

  • 13+ Years Remaining | 2022 Construction | Options to Extend | Corporate Signed (S&P: BBB+) | Scheduled Rental Increases
  • NN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Strategically Located Along U.S. Hwy 72 (24,000 VPD) | Excellent Visibility & Access | Drive-Thru Equipped
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, corporate signed, investment grade (S&P: BBB+) Starbucks investment property located in Corinth, Mississippi. The tenant, Starbucks, has over 13 years remaining on their current lease with 6 (5-year) options to extend, demonstrating their commitment to the site. Starbucks exercised a five year option early to make the original term length 15 years instead of the more common 10 year term. The lease features a 10% rental increase in March 2028 and variable rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities to roof, structure, and parking lot. The newly-constructed building features a state-of-the-art design with high-quality materials. Since 1971, Starbucks Coffee Company has been committed to roasting high-quality arabica coffee. Today, with more than 38,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,000 USD /SF

CAP RATE

6.38%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | 13+yrs Remain Corp NN | S&P: BBB+

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

C2

APN/PARCEL ID

0801-12-4C-00500,0801-12-4C-00600

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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