CBRE is pleased to present the exclusive offering of the Krystal located at 10 Canal Place in Philadelphia, MS, consisting of a 2,227±SF freestanding building on 0.42± acres. The property will be subject to a new 25-year lease commencing at Close of Escrow, with $71,250 in year-one base rent and 1% annual escalations beginning in Year 6 throughout the four five-year renewal options (45-year potential term total).
The site is positioned along a primary retail arterial surrounded by national and local retailers including Walmart, Lowe’s, Walgreens, McDonald’s, Wendy’s, and Dollar General. Additionally, the property benefits from proximity to Pearl River Resort, a major regional gaming and hospitality complex approximately 3± miles east along Hwy 16, which serves as the largest employer in Neshoba County and provides durable daily demand from employees, visitors, and the surrounding tribal community — supporting long-term QSR performance.