1863 Main St - Fast Food FOR SALE


Madison, MS 39110
$3,818,000 USD
513-504-4046
1863 Main St, Madison, MS for Sale
$3,818,000 USD
Fast Food - FOR SALE
1/6
null | 5.5% Cap Rate

1863 Main St
Madison, MS 39110


HIGHLIGHTS

  • 2024 Redevelopment & Covered Double Drive-Thru with Digital Menu Boards
  • Absolute NNN Lease | 13 years remaining and three, five-year options with 7% rent increases | Zero landlord responsibilities
  • City of Madison – Growing & Highly Recognized | Ranked #1 in several categories including income, safety and lifestyle
  • 15-Min Drive: New Amazon data center campuses (largest capital investment in state's history) | $500 million transformation of Nissan North America
  • Front Row to Area's Main Retail Corridor | Shares access with Lowe's | Signalized, hard corner of Main Street, 1,000' from I-55 exit
  • Walmart Shadow property | 10-min drive to Barnett Reservoir (2.5 million annual visitors) and Natchez Trace Parkway (7.9 million annual visitors)

OVERVIEW

Opportunity to acquire a fee simple interest in the recently redeveloped Whataburger located at 1863 Main Street, Madison, MS 39110 (the “Property”). The Property is on the hard corner of the main intersection of the primary commercial corridor in Madison, arguably one of the best commercial sites in the state. It includes a 2,810-square-foot building with double drive-thru lanes on a 0.90-acre parcel of land, out-positioning the adjacent high-volume Chick-fil-A that is "one-off" the corner. Madison is widely considered to be the most desirable city in the state, known for its strict architectural standards, extremely high household income, and robust residential and commercial growth. Retailers from around the country have gone to great lengths to open in Madison, even dramatically modifying their prototype images to gain entry.

FOR SALE DETAILS

PRICE

$3,818,000 USD

PRICE/SF

$1,359 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

CROSS STREETS

Grandview Blvd

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C

APN/PARCEL ID

072C-07A-003-01-00

ASK ABOUT THIS PROPERTY

Ryan RoedersheimerNorthmarqMore Info
513-504-4046

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Ryan RoedersheimerNorthmarqMore Info
513-504-4046

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