The subject property is a 2,645 SF freestanding commercial building, with a drivethru. Building converted from a Wendy’s Restaurant to a LoanMax in 2009. Positioned in a premium spot on Highway 12, the location benefits from excellent visibility and exposure to over 28,000 vehicles per day (VPD), making it the prime retail corridor in Starkville, MS. Strong mix of national and regional tenants surround the area including Newk’s, Cookout, CVS, Domino’s, Wendy’s, Chipotle, Sonic, Express Oil Change, and a renovated Holiday Inn Express located directly behind the property. Located 5 minutes from Mississippi State University. With an enrollment of 23,000 students, MSU serves as Starkville’s largest employer, contributing to sustained growth and a robust local economy. History of strong tenancy in this location. Starkville has been voted the "Best Small Town in the South" two years in a row by USA Today! The property may not be used for a burger restaurant, chicken restaurant, or combination thereof QSR.
Rental rate of $38.00 per SF NNN with 3% annual increase
NNN rate of $6.05 per SF
(NNN breakdown per SF: T axes $4.10; Insurance $.80; CAM $1.15).
Landlord will:
Install new TPO roof, remove the existing red "mansard" extension from around three sides of the building, remove exterior cooler/freezer and slab (if needed), overlay parking lot paving, modify planters to comply with city requirements, and collaborate with tenant to establish the site layout.