595 E Beasley Rd - Fast Food FOR SALE


Jackson, MS 39206
$1,871,669 USD
510-379-1233
595 E Beasley Rd, Jackson, MS for Sale
$1,871,669 USD
Fast Food - FOR SALE
1/7
null | 7.25% Cap Rate

595 E Beasley Rd
Jackson, MS 39206


HIGHLIGHTS

  • Absolute NNN lease with Attractive 2.0% rent increases Annually.
  • Operated by GPS Hospitality, LLC , Year 2023 Burger King Developer of the Year With over 400 Restaurants in 13 States.
  • QSR Recognizes GPS Hospitality, LLC as Winner of its First Franchisee of the Year Award
  • Located along Interstate 55 Corridor with Many Well Known National Tenants Nearby.
  • Interstate 55 boasts a heavy 92,000 VPD.
  • Avg HHI of $77,429 and Population of Approx. 98,000 in 5 Miles.

OVERVIEW

Marcus & Millichap is pleased to exclusively market for sale a single tenant net leased Burger King in Jackson, MS. The operator is GPS Hospitality, LLC, recipient of Buyer King's Year 2023 Developer of the Year. GPS Hospitality was also recognized as QSR's winner of its first franchisee of the year. GPS Hospitality operates more than 400 Burger Kings in 13 states. It also operates Popeyes and Pizza Hut in addition to Burger King. The lease offers an attractive 2.0% annual rent increase with a lease expiring in year 2030 along with four 5 year renewal options. Jackson is known for true southern hospitality, nationally recognized institutions of higher learning. It boasts fine dining restaurants and several high-end shopping facilities. Jackson, which was chosen by AAA Southern Traveler Magazine as the Best City in Mississippi, is noted for its beautiful architecture – from the magnificent Capitol building that dates back to 1903 to the modest home of Medgar Evers, a slain civil rights worker. Convention South Magazine editors also selected Jackson among the top 10 “Ministry- Minded Cities” in the South. Listing BOR - William M. Davis

FOR SALE DETAILS

PRICE

$1,871,669 USD

PRICE/SF

$767 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

0709-0001-022

ASK ABOUT THIS PROPERTY

David ChingMarcus & MillichapMore Info
510-379-1233

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David ChingMarcus & MillichapMore Info
510-379-1233

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