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