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Restaurant

Whataburger - Jackson MSA | Corporate-Guaranteed Lease with Low Rent

1724 Old Fannin Rd, Flowood, MS 39232

Listing Price: $2,038,000

Cap Rate
4.75%
Tenant Name
Whataburger
Years Remaining On Lease
5.8
Guarantor
Corporate Guarantee
Rentable SF
3,816
Lease Type
Ground Lease
Rent Per Square Feet
$25.37

Investment Overview

--Excellent Retail Corridor

-Located Along Old Fannin Road Near Its Intersection with Lakeland Drive (±60,000 Cars Per Day)

-Lakeland Drive is a Dominant Retail Thoroughfare in Flowood and Provides Direct Access to Downtown Jackson, MS

-Surrounded by Numerous National Credit Tenants and Complementary Retail Uses, Driving Steady Consumer Flow

-Robust Nearby Development Activity, Including the Waterpointe Development, a Brand New ±240 Acre Mixed Use Project that will Feature 240+ Luxury Units and Additional Retail, Office, and Recreational Space

-Proximity to Major Recreational Destinations Further Enhances Daytime and Evening Traffic

--Strong Real Estate Fundamentals

-Positioned in the Growing and Economically Stable Jackson, MS MSA (Over 600,000 Residents)

-Large ±1.39-Acre Parcel | Excellent Site Visibility and Access Supports Long-Term Tenant Success

-Low-Vacancy Submarket with Consistent Retail Demand and Limited Supply Pipeline

-Excellent Demographics with Average Household Income Exceeding $115,000 Within Three Miles

Investment Highlights

  • Corporate-Guaranteed Absolute NNN Ground Lease with Zero Landlord Responsibilities
  • Low Price Point with Extremely Low Rent of Just $96,800 Per Year
  • Backed by One of the Most Desirable QSR Brands, with Over 800 Locations and 43,000 Employees Nationwide
  • Flowood is Located Just 10 Miles from Jackson, MS and is a Major Hub for Recreational Activity for Residents and Visitors Alike

Broker of Record

  • Mickey Davis

    Director Investments

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Restaurant

Whataburger - Jackson MSA | Corporate-Guaranteed Lease with Low Rent

Listing Price: $2,038,000

Cap Rate
4.75%
Tenant Name
Whataburger
Years Remaining On Lease
5.8
Guarantor
Corporate Guarantee
Rentable SF
3,816
Lease Type
Ground Lease
Rent Per Square Feet
$25.37

Investment Highlights

  • Corporate-Guaranteed Absolute NNN Ground Lease with Zero Landlord Responsibilities
  • Low Price Point with Extremely Low Rent of Just $96,800 Per Year
  • Backed by One of the Most Desirable QSR Brands, with Over 800 Locations and 43,000 Employees Nationwide
  • Flowood is Located Just 10 Miles from Jackson, MS and is a Major Hub for Recreational Activity for Residents and Visitors Alike

Investment Overview

--Excellent Retail Corridor -Located Along Old Fannin Road Near Its Intersection with Lakeland Drive (±60,000 Cars Per Day) -Lakeland Drive is a Dominant Retail Thoroughfare in Flowood and Provides Direct Access to Downtown Jackson, MS -Surrounded by Numerous National Credit Tenants and Complementary Retail Uses, Driving Steady Consumer Flow -Robust Nearby Development Activity, Including the Waterpointe Development, a Brand New ±240 Acre Mixed Use Project that will Feature 240+ Luxury Units and Additional Retail, Office, and Recreational Space -Proximity to Major Recreational Destinations Further Enhances Daytime and Evening Traffic --Strong Real Estate Fundamentals -Positioned in the Growing and Economically Stable Jackson, MS MSA (Over 600,000 Residents) -Large ±1.39-Acre Parcel | Excellent Site Visibility and Access Supports Long-Term Tenant Success -Low-Vacancy Submarket with Consistent Retail Demand and Limited Supply Pipeline -Excellent Demographics with Average Household Income Exceeding $115,000 Within Three Miles

Broker of Record

  • Mickey Davis

    Director Investments

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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