1724 Old Fannin Rd - Fast Food FOR SALE


Flowood, MS 39232
$2,151,000 USD
949-350-5431
1724 Old Fannin Rd, Flowood, MS for Sale
$2,151,000 USD
Fast Food - FOR SALE
1/7
null | 4.5% Cap Rate

1724 Old Fannin Rd
Flowood, MS 39232


HIGHLIGHTS

  • Corporate-Guaranteed Absolute NNN Ground Lease with Zero Landlord Responsibilities
  • Low Price Point with Extremely Low Rent of Just $96,800 Per Year
  • Backed by One of the Most Desirable QSR Brands, with Over 800 Locations and 43,000 Employees Nationwide
  • Flowood is Located Just 10 Miles from Jackson, MS and is a Major Hub for Recreational Activity for Residents and Visitors Alike

OVERVIEW

--Excellent Retail Corridor -Located Along Old Fannin Road Near Its Intersection with Lakeland Drive (±60,000 Cars Per Day) -Lakeland Drive is a Dominant Retail Thoroughfare in Flowood and Provides Direct Access to Downtown Jackson, MS -Surrounded by Numerous National Credit Tenants and Complementary Retail Uses, Driving Steady Consumer Flow -Robust Nearby Development Activity, Including the Waterpointe Development, a Brand New ±240 Acre Mixed Use Project that will Feature 240+ Luxury Units and Additional Retail, Office, and Recreational Space -Proximity to Major Recreational Destinations Further Enhances Daytime and Evening Traffic --Strong Real Estate Fundamentals -Positioned in the Growing and Economically Stable Jackson, MS MSA (Over 600,000 Residents) -Large ±1.39-Acre Parcel | Excellent Site Visibility and Access Supports Long-Term Tenant Success -Low-Vacancy Submarket with Consistent Retail Demand and Limited Supply Pipeline -Excellent Demographics with Average Household Income Exceeding $115,000 Within Three Miles Broker of Record William “Mickey” Davis License: #B-15586 5100 Poplar Avenue, Suite 2505, Memphis, TN 38137

FOR SALE DETAILS

PRICE

$2,151,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger - Low Rent | Corporate Guaranty

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

Retail

APN/PARCEL ID

G11-000007-00141

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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