Restaurant
Bumpers
12111 Hwy 16 W, Philadelphia, MS 39350
Listing Price: $876,912
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
Broker of Record
Financing By
Listing Price: $876,912
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
Broker of Record
Financing By
