Burger King | 595 E Beasley Rd
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Burger King 595 E Beasley Rd
2,440 SF Retail Building Jackson, MS 39206 $1,871,669 ($767/SF) 7.25% Cap Rate
Investment Highlights
- Absolute NNN lease with Attractive 2.0% rent increases Annually.
- QSR Recognizes GPS Hospitality, LLC as Winner of its First Franchisee of the Year Award
- Interstate 55 boasts a heavy 92,000 VPD.
- Operated by GPS Hospitality, LLC , Year 2023 Burger King Developer of the Year With over 400 Restaurants in 13 States.
- Located along Interstate 55 Corridor with Many Well Known National Tenants Nearby.
- Avg HHI of $77,429 and Population of Approx. 98,000 in 5 Miles.
Executive Summary
Marcus & Millichap is pleased to exclusively market for sale a single tenant net leased Burger King in Jackson, MS.
The operator is GPS Hospitality, LLC, recipient of Buyer King's Year 2023 Developer of the Year.
GPS Hospitality was also recognized as QSR's winner of its first franchisee of the year.
GPS Hospitality operates more than 400 Burger Kings in 13 states. It also operates Popeyes and Pizza Hut in addition to Burger King.
The lease offers an attractive 2.0% annual rent increase with a lease expiring in year 2030 along with four 5 year renewal options.
Jackson is known for true southern hospitality, nationally recognized institutions of higher learning. It boasts fine dining restaurants and several high-end shopping facilities. Jackson, which was chosen by AAA Southern Traveler Magazine as the Best City in Mississippi, is noted for its beautiful architecture – from the magnificent Capitol building that dates back to 1903 to the modest home of Medgar Evers, a slain civil rights worker. Convention South Magazine editors also selected Jackson among the top 10 “Ministry- Minded Cities” in the South.
Listing BOR - William M. Davis
The operator is GPS Hospitality, LLC, recipient of Buyer King's Year 2023 Developer of the Year.
GPS Hospitality was also recognized as QSR's winner of its first franchisee of the year.
GPS Hospitality operates more than 400 Burger Kings in 13 states. It also operates Popeyes and Pizza Hut in addition to Burger King.
The lease offers an attractive 2.0% annual rent increase with a lease expiring in year 2030 along with four 5 year renewal options.
Jackson is known for true southern hospitality, nationally recognized institutions of higher learning. It boasts fine dining restaurants and several high-end shopping facilities. Jackson, which was chosen by AAA Southern Traveler Magazine as the Best City in Mississippi, is noted for its beautiful architecture – from the magnificent Capitol building that dates back to 1903 to the modest home of Medgar Evers, a slain civil rights worker. Convention South Magazine editors also selected Jackson among the top 10 “Ministry- Minded Cities” in the South.
Listing BOR - William M. Davis
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,440 SF
Building Class
C
Year Built
2009
Price
$1,871,669
Price Per SF
$767
Cap Rate
7.25%
NOI
$135,696
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.03 AC
Parking
36 Spaces (14.75 Spaces per 1,000 SF Leased)
Frontage
43 FT on Beasley Rd
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Skylights
- Drive Thru
- Storage Space
- Monument Signage
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0000-1000-022 | Improvements Assessment | $51,638 |
| Land Assessment | $52,272 | Total Assessment | $103,910 |
PROPERTY TAXES
Parcel Number
0000-1000-022
Land Assessment
$52,272
Improvements Assessment
$51,638
Total Assessment
$103,910
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Burger King | 595 E Beasley Rd
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