$1,381,522 USD
212-430-5291
780 Lake Harbour Dr
Ridgeland, MS 39157
Outer Ridgeland/Madison
HIGHLIGHTS
- Robust Traffic Counts on Lake Harbour (22k VPD) and Old Canton (21k VPD) and Less than Three Miles from I-55 (102k VPD) (Source: CoStar, 2022)
- Well Established Lake Harbour Retail Corridor at the Entrance to Barnett Reservoir | Nearby National Retailers Include: Kroger, Walgreens, and Others
- Thriving Lake Community with an Average Household Income of Over $66K within Five Miles of the Subject Asset, as of 2023
- Parks and Outdoor Recreational Facilities Nearby Include: Jackson Yacht Club, Country Club of Jackson, Bay Point Country Club, and More
- Subject is 11 Miles from Downtown Jackson, the Capital of Mississippi, with a Population of 143,709 (2023)
OVERVIEW
Subject is a Prime 2,877 Square-Foot Dark Burger King on a 0.83-
Acre Lot with Ample Parking, Pylon Signage, and Easy Ingress/Egress.
The Lease is Guaranteed by GPS Hospitality, a 450+ Unit Franchisee
of Burger King, Popeyes, and Pizza Hut. It has Over 5 Years Remaining
With 2% Annual Increases Throughout the Term.
FOR SALE DETAILS
PRICE
$1,381,522 USD
PRICE/SF
$480 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Burger King
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
0.83 AC
LAND SF
36,329 SF
ZONING
-
APN/PARCEL ID
072I-29D-002-03-00
ASK ABOUT THIS PROPERTY
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212-430-5291
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212-430-5291
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