106 Park Plaza Dr - Fast Food FOR SALE
New Albany, MS 38652 |
$1,964,000 USD
106 Park Plaza Dr
New Albany, MS 38652
HIGHLIGHTS
- ABSOLUTE NNN LEASE: 12+ years remaining on Absolute NNN lease with an attractive 8% rental escalations! Next escalation - August 1, 2028!
- TENANT: Nashville Quality, LLC is a subsidiary of Carrols Restaurant Group and a wholly owned subsidiary of Restaurant Brands International “RBI”
- SEASONED SALES LOCATION: Successfully open and operating for decades (recent lease extension) with an ATTRACTIVE 6.97% (YE 2025) - Rent to Sales Ratio
- DENSE RETAIL CORRIDOR: Conveniently located at interchange of Interstate 22 & Hwy 30 - Dominant retail corridor and adjacent to Walmart Supercenter
- TRAFFIC COUNTS: Well-positioned on a ±0.66-acre lot with exceptional visibility from Interstate 22 (29,345 CPD) and access from Hwy-30
- 2025 DEMOGRAPHICS: Total Population (5MI): 12,710 | Average Household Income (1MI): $93,878
FOR SALE DETAILS
PRICE
$1,964,000 USD
PRICE/SF
$669 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
BURGER KING – NEW ALBANY, MS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.66 AC
LAND SF
28,750 SF
ZONING
C
APN/PARCEL ID
019N-07-012.00
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