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Restaurant

Checkers

1533 B US 49, Magee, MS 39111

Listing Price: $1,000,000

Cap Rate
5.50%
Tenant Name
JJB Burgers
Years Remaining On Lease
14.6
Guarantor
Franchisee Guarantee
Rentable SF
1,008
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.56

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Checkers located in Magee, Mississippi. This property is subject to a new 15-year triple-net lease. The offering consists of approximately 1,008 rentable square feet of building space and sits on approximately 0.44 acres of land. The annual rent will be $55,000 and will be subject to 10% rental increases every five years with four, five-year tenant renewal option periods.

Investment Highlights

  • Long-Term, 15-Year Triple Net Lease
  • 10% Rental Increases Every Five Years
  • Four, Five-Year Tenant Renewal Option Periods

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

Checkers

Listing Price: $1,000,000

Cap Rate
5.50%
Tenant Name
JJB Burgers
Years Remaining On Lease
14.6
Guarantor
Franchisee Guarantee
Rentable SF
1,008
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.56

Investment Highlights

  • Long-Term, 15-Year Triple Net Lease
  • 10% Rental Increases Every Five Years
  • Four, Five-Year Tenant Renewal Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Checkers located in Magee, Mississippi. This property is subject to a new 15-year triple-net lease. The offering consists of approximately 1,008 rentable square feet of building space and sits on approximately 0.44 acres of land. The annual rent will be $55,000 and will be subject to 10% rental increases every five years with four, five-year tenant renewal option periods.

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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