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Auto Service - Gas-Conv

Mountain Express Gas Station | 18+ Year NNN Lease | 2% Annual Increases

610 Briarwood Dr, Jackson, MS 39211

Listing Price: $1,276,855

Cap Rate
5.50%
Tenant Name
Mountain Express Oil
Years Remaining On Lease
18.5
Guarantor
Corporate Guarantee
Rentable SF
1,592
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.11

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mountain Express located at 610 Briarwood Drive in Jackson, MS. The site consists of roughly 1,592 rentable square feet of building space on estimated 0.24-acre parcel of land. This Mountain Express is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 1st, 2020. The current annual rent is $70,227 and is scheduled to increase by two percent (2%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease with 18+ Years of Term Remaining
  • 2% Annual Rental Increases
  • Low Rent | Low Price Deal | Ideal Location Alongside I-55 which has over 81K Vehicles Per Day

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Auto Service - Gas-Conv

Mountain Express Gas Station | 18+ Year NNN Lease | 2% Annual Increases

Listing Price: $1,276,855

Cap Rate
5.50%
Tenant Name
Mountain Express Oil
Years Remaining On Lease
18.5
Guarantor
Corporate Guarantee
Rentable SF
1,592
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.11

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease with 18+ Years of Term Remaining
  • 2% Annual Rental Increases
  • Low Rent | Low Price Deal | Ideal Location Alongside I-55 which has over 81K Vehicles Per Day

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mountain Express located at 610 Briarwood Drive in Jackson, MS. The site consists of roughly 1,592 rentable square feet of building space on estimated 0.24-acre parcel of land. This Mountain Express is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 1st, 2020. The current annual rent is $70,227 and is scheduled to increase by two percent (2%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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