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Restaurant

Bumpers

12111 Hwy 16 W, Philadelphia, MS 39350

Listing Price: $876,912

Cap Rate
6.25%
Tenant Name
Bumpers Drive-In of America, Inc.
Years Remaining On Lease
11.7
Guarantor
Corporate Guarantee
Rentable SF
2,264
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.21

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Bumpers Drive-In located at 15111 Highway 1 West in Philadelphia, Mississippi. The site consists of roughly 2,264 rentable square feet of building space on estimated 1.00-acre parcel of land. This Bumpers Drive-In is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 13th, 2019. The current annual rent is $54,807 and is scheduled to increase by 2% annually throughout the base term and in the 2, 10-year renewal options.

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • Approximately 11.9 Years Remaining
  • Two Percent (2%) Rental Increases Occurring Annually

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

Financing By

Listing Price: $876,912

Cap Rate
6.25%
Tenant Name
Bumpers Drive-In of America, Inc.
Years Remaining On Lease
11.7
Guarantor
Corporate Guarantee
Rentable SF
2,264
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.21

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • Approximately 11.9 Years Remaining
  • Two Percent (2%) Rental Increases Occurring Annually

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Bumpers Drive-In located at 15111 Highway 1 West in Philadelphia, Mississippi. The site consists of roughly 2,264 rentable square feet of building space on estimated 1.00-acre parcel of land. This Bumpers Drive-In is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 13th, 2019. The current annual rent is $54,807 and is scheduled to increase by 2% annually throughout the base term and in the 2, 10-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

Financing By

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