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Restaurant

Burger King

14860 W Main St, Louisville, MS 39339

Listing Price: $2,095,238

Cap Rate
5.25%
Tenant Name
Nashville Quality, LLC
Years Remaining On Lease
15.5
Guarantor
Franchisee Guarantee
Rentable SF
3,063
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.91

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 14860 West Main Street in Louisville, Mississippi. The site consists of roughly 3,063 rentable square feet of building space on estimated 1.30-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on July 18th, 2018, and has more than 15 years remaining. The current annual rent is $110,000 and is scheduled to increase by 10% every 5 years and in each of the 4, 5-year renewal options.

Investment Highlights

  • Long Term Lease | More than 15 Years Remaining on an Original 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

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Restaurant

Burger King

Listing Price: $2,095,238

Cap Rate
5.25%
Tenant Name
Nashville Quality, LLC
Years Remaining On Lease
15.5
Guarantor
Franchisee Guarantee
Rentable SF
3,063
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.91

Investment Highlights

  • Long Term Lease | More than 15 Years Remaining on an Original 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 14860 West Main Street in Louisville, Mississippi. The site consists of roughly 3,063 rentable square feet of building space on estimated 1.30-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on July 18th, 2018, and has more than 15 years remaining. The current annual rent is $110,000 and is scheduled to increase by 10% every 5 years and in each of the 4, 5-year renewal options.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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