Restaurant
Burger King
803 US-278, Amory, MS 38821
Listing Price: $3,061,648
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
Broker of Record
Listing Price: $3,061,648
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
Broker of Record
