102 City Ave S - Fast Food FOR SALE


Ripley, MS 38663
$2,530,733 USD
201-777-5002
102 City Ave S, Ripley, MS for Sale
$2,530,733 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

102 City Ave S
Ripley, MS 38663


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Strong Guarantor
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a single-tenant Burger King located at 102 City Avenue N (the “Property”). In 2017, Burger King executed a long-term, 20-year Absolute NNN Lease that has 12+ years remaining on the primary lease with four (4), 5-year renewal options. The lease features attractive 7.5% rent increase every five years throughout the base lease term and at the start of each renewal option. Burger King is ideally situated along City Avenue North (US Highway 15) with outstanding visibility and frontage along one of the region’s primary north–south commuter corridors. The Property benefits from its strategic location near the intersection of MS Highway 4, providing direct regional connectivity and daily traffic through the heart of Ripley. The surrounding area includes a variety of national retailers, local medical facilities, and schools that draw consistent customer traffic. Ripley High School and other community institutions are within minutes of the site, further supporting a strong daytime population. The Property also serves as a convenient stop for travelers and residents across Tippah County, with direct links south toward New Albany (20 miles) and north toward the Tennessee state line. The immediate trade area functions as Ripley’s central commercial hub, drawing from surrounding small towns and rural communities.

FOR SALE DETAILS

PRICE

$2,530,733 USD

PRICE/SF

$973 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

-

APN/PARCEL ID

3-643G-13-002.02

ASK ABOUT THIS PROPERTY

Rob DiFrancoHorvath & TremblayMore Info
201-777-5002

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Rob DiFrancoHorvath & TremblayMore Info
201-777-5002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.