Restaurant
Burger King
7370 Hacks Cross Rd, Olive Branch, MS 38654
Listing Price: $2,462,362
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
Broker of Record
Listing Price: $2,462,362
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
Broker of Record
