925 Hwy-98 E - Fast Food FOR SALE


Columbia, MS 39429
$501,818 USD
847-384-2840
925 Hwy-98 E, Columbia, MS for Sale
$501,818 USD
Fast Food - FOR SALE
1/3
null | 5.5% Cap Rate

925 Hwy-98 E
Columbia, MS 39429


HIGHLIGHTS

  • Located on the main retail corridor.
  • In the heart of the business district
  • Just south of Marion General Hospital
  • Out lot to a Walmart

OVERVIEW

Colliers is pleased to offer the opportunity to purchase a sale-leaseback of a Domino’s located at 925 Hwy 98 E, Columbia, MS 39429. This is an opportunity to buy into a growing franchisee also experiencing 35% Year-over-year growth in his business. A new 10-year lease at very low rent will be created at the close of escrow. This is a passive investment, as Domino’s will execute an absolute NNN lease offering zero landlord responsibilities or expenses. There are 10% rental increases every 5 years in the base term of the lease and through the five-year options to renew. This property sits on the main retail corridor that runs east to west in the Southern section of Columbia, MS. The vast majority of the QSR’s in the market are performing at the top of their brands nationally. Brands in the market include McDonalds, Wendy’s, Taco Bell, Hardee’s, Burger King, Rajun Cajuns, and more. The property is offered at $501,818 which translates.to a 5.50% cap rate on net operating income of $27,600

FOR SALE DETAILS

PRICE

$501,818 USD

PRICE/SF

$398 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Domino's Pizza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

-

APN/PARCEL ID

080-09-000-09-005.05

ASK ABOUT THIS PROPERTY

Peter BlockColliersMore Info
847-384-2840

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Peter BlockColliersMore Info
847-384-2840

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