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Restaurant

Burger King

803 US-278, Amory, MS 38821

Listing Price: $3,644,819

Cap Rate
5.25%
Tenant Name
Burger King
Years Remaining On Lease
14.4
Guarantor
Franchisee Guarantee
Rentable SF
2,875
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.56

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 803 Highway 278 East. in Amory, MS. The site consists of roughly 2,923 rentable square feet of building space on an estimated 0.80-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on October 28th, 2016 and has 14.5 years remaining. The current annual rent is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.

Investment Highlights

  • Long Term Lease | 14.5 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

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Restaurant

Burger King

Listing Price: $3,644,819

Cap Rate
5.25%
Tenant Name
Burger King
Years Remaining On Lease
14.4
Guarantor
Franchisee Guarantee
Rentable SF
2,875
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.56

Investment Highlights

  • Long Term Lease | 14.5 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 803 Highway 278 East. in Amory, MS. The site consists of roughly 2,923 rentable square feet of building space on an estimated 0.80-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on October 28th, 2016 and has 14.5 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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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