Restaurant
Burger King
145 Clarice Dr, Holly Springs, MS 38635
Listing Price: $2,154,571
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 145 Clarice Drive in Holly Springs, Mississippi. The site consists of roughly 3,112 rentable square feet of building space on estimated 0.8-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on December 19th, 2017 and has 15.5 years remaining. The current annual rent is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.
Exclusively Listed By
Broker of Record
Listing Price: $2,154,571
Investment Highlights
- Long Term Lease | 15.5 Years Left on 20-Year Lease
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Operated by Carrols Restaurant Group (NASDAQ: TAST), one of the Largest Restaurant Companies and Franchisee's in the United States
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 145 Clarice Drive in Holly Springs, Mississippi. The site consists of roughly 3,112 rentable square feet of building space on estimated 0.8-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on December 19th, 2017 and has 15.5 years remaining. The current annual rent is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.
Exclusively Listed By
Broker of Record
