This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

948 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Burger King 503 Highway 16 W

3,063 SF Retail Building Carthage, MS 39051 $1,936,000 ($632/SF) 6.25% Cap Rate

Restaurants Mississippi Carthage 503 Highway 16 W, Carthage, MS 39051

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 503 MS-16 in Carthage, Mississippi. The site consists of roughly 3,063 rentable square feet of building space on estimated 2.46-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 five years and in each of the 4, 5-year renewal options.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,063 SF
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
0.03
Lot Size
2.46 AC
Frontage
285 FT on Mississippi 16

Amenities

  • Signage
1 of 1
503 Highway 16 W, Carthage, MS - aerial map view

Nearby Major Retailers

Ward's Restaurant
Piggly Wiggly
Anytime Fitness
Huddle House

PROPERTY TAXES

Parcel Number 09112CC02 Improvements Assessment $80,342
Land Assessment $28,125 Total Assessment $108,467

PROPERTY TAXES

Parcel Number
09112CC02
Land Assessment
$28,125
Improvements Assessment
$80,342
Total Assessment
$108,467
(332) 345-4222

Contacts

  • Listing ID: 32823988

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 503 Highway 16 W, Carthage, MS 39051

More public record information on 503 Highway 16 W, Carthage, MS 39051

The Retail Property at 503 Highway 16 W, Carthage, MS 39051 is currently available for sale. Contact NNN Pro Group for more information.

Nearby Listings

1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/3
503 Highway 16 W, Carthage, MS for sale Primary Photo- Image 1 of 3
Primary Photo
503 Highway 16 W, Carthage, MS for sale Aerial- Image 2 of 3
Aerial

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Burger King | 503 Highway 16 W
(332) 345-4222 x

Burger King | 503 Highway 16 W

1/2

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Anthony Bird

(917) 697-3215

(917) 697-3215

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link