1601 Highway 72 W - Retail FOR SALE


Corinth, MS 38834
$2,390,000 USD
205-965-8250
1601 Highway 72 W, Corinth, MS for Sale
$2,390,000 USD
Retail - FOR SALE
1/4
null | 6.25% Cap Rate

1601 Highway 72 W
Corinth, MS 38834


HIGHLIGHTS

  • Absolute NNN Lease with over 8 years of lease term remaining.
  • Strong historical sales performance; sales growth of 45% over the past 8 years. Sub 6.0% current rent to sales ratio.
  • Operated by Guernsey Holdings; operator of 43 Zaxby’s and 133 Sonic Units.
  • Signalized Corner Location on Highway 72 with Traffic Counts Exceeding 23,000 Vehicles Per Day.
  • Oversized 1.75-Acre Parcel Providing Strong Residual Value and Along Corinth’s Primary Commercial Corridor .

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire the 4,413-square-foot, single-tenant, net-leased Zaxby’s restaurant located at 1601 Highway 72 East in Corinth, Mississippi. The property sits on an oversized, 1.75-acre parcel positioned at a signalized intersection, providing excellent visibility, strong traffic exposure, and convenient access along Highway 72, one of the city’s primary commercial corridors where traffic counts exceed 23,000 vehicles per day. The restaurant is operated by Guernsey Holdings ZRC OpCoLLC. Guernsey is a private holding company that currently operates 43 Zaxby’s and 133 Sonic units. The original lease commenced May 24, 2016, and is scheduled to expire October 6, 2034, providing over eight years of remaining lease term, with one 10-year renewal option extending the lease through October 6, 2044. Additionally, the lease provides annual base rent increases of one percent per year. Current annual rent for 2026 is $149,393.65. The lease is structured as a net lease with no landlord responsibilities. Zaxby’s is a well-recognized quick-service restaurant brand with a strong presence throughout the Southeastern United States and a loyal customer base. Zaxby’s operates over 950 locations across 17 states. Backed by an experienced operator, the offering presents investors with a stable net-leased asset that features predictable rent growth in a busy regional retail hub within Alcorn County.

FOR SALE DETAILS

PRICE

$2,390,000 USD

PRICE/SF

$542 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zaxby's

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

-

APN/PARCEL ID

0801-12-4A-07800

ASK ABOUT THIS PROPERTY

Andrew ChasonMarcus & MillichapMore Info
205-965-8250

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Andrew ChasonMarcus & MillichapMore Info
205-965-8250

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