Burger King | 14860 W Main St
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Burger King 14860 W Main St
3,063 SF Retail Building Louisville, MS 39339 $1,936,000 ($632/SF) 6.25% Cap Rate
Investment Highlights
- Long Term Lease | More than 15 Years Remaining on an Original 20-Year Lease
- Operated by Carrols Restaurant Group (NASDAQ: TAST), one of the Largest Restaurant Companies and Franchisee’s in the United States
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
Executive Summary
NNN Properties, LLC is pleased to present the exclusive listing for a Burger King
located at 14860 West Main Street in Louisville, Mississippi. The site consists of
roughly 3,063 rentable square feet of building space on estimated 1.30-acre
parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN)
lease, which commenced on July 18th, 2018, and has more than 15 years
remaining. The current annual rent is $121,000 and is scheduled to increase by
10% every 5 years and in each of the 4, 5-year renewal options.
located at 14860 West Main Street in Louisville, Mississippi. The site consists of
roughly 3,063 rentable square feet of building space on estimated 1.30-acre
parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN)
lease, which commenced on July 18th, 2018, and has more than 15 years
remaining. The current annual rent is $121,000 and is scheduled to increase by
10% every 5 years and in each of the 4, 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,063 SF
Building Class
C
Year Built
2017
Price
$1,936,000
Price Per SF
$632
Cap Rate
6.25%
NOI
$121,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.30 AC
Opportunity Zone
Yes
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 151293201 0101003 | Improvements Assessment | $80,373 |
| Land Assessment | $63,000 | Total Assessment | $143,373 |
PROPERTY TAXES
Parcel Number
151293201 0101003
Land Assessment
$63,000
Improvements Assessment
$80,373
Total Assessment
$143,373
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Burger King | 14860 W Main St
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