3282 N Gloster St - Fast Food FOR SALE


Tupelo, MS 38804
$2,108,850 USD
662-842-8283
3282 N Gloster St, Tupelo, MS for Sale
$2,108,850 USD
Fast Food - FOR SALE
1/8
null | 7.35% Cap Rate

3282 N Gloster St
Tupelo, MS 38804


OVERVIEW

This long term NNN restaurant investment opportunity is in the 1st year of a 10 year initial term. The operator, Waldo's Chicken and Beer, has 27 locations and counting in 7 States. This location is corporately owned. Surrounded by Destination Retail & Dining this location on North Gloster Street just off Barnes Crossing Rd and Highway 45, is part of a thriving commercial zone anchored by Walmart Supercenter, SAMS’s Club, Target (under construction), Lowe’s and the Mall at Barnes Crossing including Dick’s Sporting Goods, Belk, and Barnes and Noble. Proximity to Tupelo’s primary shopping centers makes this a natural dining stop for shoppers, families, and professionals. This retail district has direct access to major traffic arteries I-22 and US-45, which allows for the capture of local and regional traffic (US Highway 45: ±35,000 vehicles per day (VPD); Barnes Crossing Rd: ±18,000 VPD; I-22 Interchange: ±30,000 VPD). Nearby hotels Hampton Inn and Suites and Best Western and other lodging options provide for a built-in out-of-town customer base. Dinner-and-a-Movie is an option for patrons as MALCO theaters is adjacent. The property offers excellent visibility, accessibility, from controlled access signalized intersections with easy ingress/egress. This pocket of Tupelo is a consistent growth corridor experiencing steady commercial development, making it a low-risk, high-upside location for investment.

FOR SALE DETAILS

PRICE

$2,108,850 USD

PRICE/SF

$594 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,134 SF

ZONING

-

APN/PARCEL ID

084S-18-001-27

ASK ABOUT THIS PROPERTY

Clay ShortTRI Inc/RealtorsMore Info
662-842-8283

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Clay ShortTRI Inc/RealtorsMore Info
662-842-8283

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