Views: 3 DOM: 221 Updated: 11.28.23 Posted: 05.03.23 Status: Active


Price $1,945,680
Built/Renov 2016
Tenant Burger King
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,866
Lease Start 07-01-2017
#Units 1,094
Price/SF $678.88
Expiration 06-30-2037
Tenant Type Fast Food/QSR
NOI $121,605
R. Term 13.6
Ownership Fee Simple
Rent/SF $42.43
Increases 1.5%/1/yrs
Pop 5Mi 11,882
Lot/AC 1.00
Options 4/5yrs/1.5%
AHHI 5Mi $54,891

Lease Highlights

  • Burger King has over 14 years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 1.5% annual rental increases each July
  • Absolute NNN featuring zero landlord responsibilities
  • Personal guarantee by Carrols Corporation, one of the largest Burger King restaurant franchisees in the U.S.(1,094 units)

Location Description

This 2,866 square foot Burger King is located at the signalized, hard corner intersection of North 2nd Street, the main north-south thoroughfare for the area, and East Parker Drive with access to 11,00 vehicles per day. The site is located less than a mile north of Northeast Mississippi Community College (3,512 students) further increasing consumer draw to the area. National/credit tenants...



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About Tenant

Burger King is an American-based multinational chain of hamburger fast food restaurants, and the second largest fast food hamburger chain in the world. The Burger King menu features their...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,549 8,579 11,741
2023 Total Population : 1,568 8,677 11,874
2023 Employed Civilian Pop : 392 3,036 4,349
2023 Total Businesses : 122 458 497
2023 Average Household Income : $ 66,455 $ 65,511 $ 66,214
2023 Total Consumer Spending : $ 14 M $ 181 M $ 260 M
2023 Median Age : 24 36 37
2023 Total Households : 239 3,114 4,407
2023 Pop Age 25+: Bachelor's Degree : 66 812 1,057
2023 Average Home Value : $ 173,227 $ 154,498 $ 148,108
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
North 2nd Street Parker Dr 2018 11,000 0.03 mi
N 2nd St Ridgemont Villa 2006 11,000 0.12 mi
Homer Road N 2nd St 2018 340 0.16 mi
North College Street American Legion St 2018 2,100 0.44 mi
Bolton Road Bolton Ave 2018 550 0.48 mi
Parker Drive E Parker Dr 2018 2,300 0.51 mi
West Chambers Drive Pinewood Rdg 2018 7,000 0.53 mi
E Chambers Dr Townhouse Dr 2006 6,900 0.60 mi
West George E Allen Drive N College St 2018 4,100 0.77 mi
West Loveless Road E Loveless Rd 2018 270 0.80 mi

Listing Broker

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