5351 I-55
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5351 I-55
2,506 SF Retail Building Jackson, MS 39206 $1,401,626 ($559/SF) 6.15% Cap Rate
Investment Highlights
- Absolute Triple Net (NNN) Lease With No Landlord Responsibilities | 1% Increases Starting in Year 11| Next Increase in 2029
- N Highway 55 and Intersecting Canton Mart Road Experience 102,540 and 24,830 Vehicles Daily, Respectively
- Over 15 Years Remaining On Lease
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for the Popeyes located at 5351 N Highway 55 in Jackson, MS. The site consists of 2,611 rentable square feet of building space with a drive-thru on an estimated 0.53-acre parcel of land. This property is subject to a 20-year lease with 15 years remaining and is fully triple net. The current annual rent is $86,200 with 1% annual escalations beginning in 2029, and there are six, five-year options. The guarantor on the lease is New CFH, LLC, who was one of the largest Burger King and Popeyes franchisees before being acquired by Carrols, LLC in 2019. Most recently, Carrols, LLC was acquired by Restaurant Brands International, LLC, which owns corporate Popeyes.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,506 SF
Building Class
C
Year Built
1977
Price
$1,401,626
Price Per SF
$559
Cap Rate
6.15%
NOI
$86,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.54 AC
Parking
20 Spaces (7.98 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0077-1000-006 | Improvements Assessment | $30,906 |
| Land Assessment | $27,675 | Total Assessment | $58,581 |
PROPERTY TAXES
Parcel Number
0077-1000-006
Land Assessment
$27,675
Improvements Assessment
$30,906
Total Assessment
$58,581
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5351 I-55
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