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Restaurant

Burger King

7370 Hacks Cross Rd, Olive Branch, MS 38654

Listing Price: $2,462,362

Cap Rate
5.25%
Tenant Name
Burger King
Years Remaining On Lease
15.5
Guarantor
Franchisee Guarantee
Rentable SF
3,029
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.68

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 7370 Hacks Cross in Olive Branch, Mississippi. The site consists of roughly 3,029 rentable square feet of building space on estimated 1.10-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.

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

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

Listing Price: $2,462,362

Cap Rate
5.25%
Tenant Name
Burger King
Years Remaining On Lease
15.5
Guarantor
Franchisee Guarantee
Rentable SF
3,029
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.68

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 7370 Hacks Cross in Olive Branch, Mississippi. The site consists of roughly 3,029 rentable square feet of building space on estimated 1.10-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

  • 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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