3280 Medgar Evers Blvd - Fast Food FOR SALE


Jackson, MS 39213- North Jackson
$984,615 USD
858-675-7600
3280 Medgar Evers Blvd, Jackson, MS for Sale
$984,615 USD
Fast Food - FOR SALE
1/1
null | 6.5% Cap Rate

3280 Medgar Evers Blvd
Jackson, MS 39213
North Jackson


HIGHLIGHTS

  • Rare Corporate Sale-Leaseback
  • Absolute NNN Lease | No Landlord Responsibility | 10% Increases Every 5 Years
  • Above Average Store Performance | Low Rent to Sales Ratio
  • Church's Texas Chicken Record Development in 2023
  • Less than a Quarter-Mile from Johnson Elementary School
  • Located on a Signalized Intersection | 3 Points of Ingress and Egress

OVERVIEW

Northmarq Restaurant Group is pleased to offer for sale this exclusive singletenant, corporate guaranteed, Church's Chicken property located in Jackson, MS. This investment offers a fee simple, Absolute NNN opportunity with a 15 Year lease, and 4 x 5 year options thereafter. This asset features 10% rent increases every 5 years throughout the term and options, providing significant passive income, creating a hedge against inflation. Church's Texas Chicken and Texas Chicken are a national landmark and a rapidly growing brand, with over 1,500 locations in 23 countries. Average unit volume sales have rapidly expanded, and subsequent financials have broken records across the board as well. Furthermore, Church's Chicken has an aggressive and strategic development plan to further expand their locations. By 2028, Church's expects to grow total sales from $1.4 billion to $2 billion, open locations in new markets, and further invest in their technology, brand positioning and marketing, operations, new prototype development and real estate market planning.

FOR SALE DETAILS

PRICE

$984,615 USD

PRICE/SF

$777 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Church's Chicken

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,901 SF

ZONING

C

APN/PARCEL ID

0409-0005-001

ASK ABOUT THIS PROPERTY

Mike PhilbinNorthmarqMore Info
858-675-7600

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

Mike PhilbinNorthmarqMore Info
858-675-7600

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