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Restaurant

Burger King

119 Alabama St, Columbus, MS 39702

Listing Price: $2,998,450

Cap Rate
6.00%
Tenant Name
Burger King
Years Remaining On Lease
14.4
Guarantor
Franchisee Guarantee
Rentable SF
3,636
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.48

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 119 Alabama Street Columbus, Mississippi. The site consists of roughly 3,636 rentable square feet of building space on estimated 1.28-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on June 30th, 2027 and has 15 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 | 15.0 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: $2,998,450

Cap Rate
6.00%
Tenant Name
Burger King
Years Remaining On Lease
14.4
Guarantor
Franchisee Guarantee
Rentable SF
3,636
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.48

Investment Highlights

  • Long Term Lease | 15.0 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 119 Alabama Street Columbus, Mississippi. The site consists of roughly 3,636 rentable square feet of building space on estimated 1.28-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on June 30th, 2027 and has 15 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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