8401 McGregor Xing - Freestanding FOR SALE


Olive Branch, MS 38654
$4,167,000 USD
949-221-1814
8401 McGregor Xing, Olive Branch, MS for Sale
$4,167,000 USD
Freestanding - FOR SALE
1/4
null | 6% Cap Rate

8401 McGregor Xing
Olive Branch, MS 38654


HIGHLIGHTS

  • Jim 'N Nick's Corporate Guaranteed 15-Year Absolute NNN Ground Lease in Olive Branch, MS (Memphis MSA)
  • Newly Constructed Prototype Jim 'N Nick's with enhanced double drive-thru capabilities
  • Regional Trade Area (Camp Creek Development) - Walmart, Kroger, Lowe's, Home Depot
  • Ideal Demographics: Population of 102,476 with an average household income of $105,260 within a 5-mile radius
  • The Bridges at Camp Creek Development - Located within a 110,000 SF master planned retail development that broke ground in 2016
  • FedEx World Hub - Next to the 940 acre global hub for FedEx that supports a workforce of 30,000 FedEx employees

OVERVIEW

Newly constructed Jim 'N Nick's Bar-B-Q ground lease investment within The Bridges at Camp Creek, a 110,000+ SF master-planned retail development in Olive Branch, Mississippi. The asset is secured by a new 15-year absolute NNN ground lease with zero landlord responsibilities and is corporately guaranteed by Jim ‘N Nick’s Management, LLC. The lease features 10% rent increases every five years during the initial term and 15% increases throughout four five-year option periods, providing investors with up to 35 years of lease term and strong inflation protection. The newly constructed prototype was specifically designed to support Jim ‘N Nick’s evolving “Fast-Casual Plus” model, featuring double drive-thru lanes, dedicated off-premises pickup areas, and an efficient kitchen layout. Approximately 60% of sales are generated through off-premises channels, reinforcing the long-term viability of the format. Jim ‘N Nick’s operates 62 locations across the Southeast and reported more than $200 million in system-wide sales in 2024. The tenant is owned by Roark Capital, a leading private equity firm with over $41 billion in assets under management and a portfolio that includes Dunkin’, Subway, Arby’s, and Buffalo Wild Wings. The immediate trade area features a strong concentration of Roark-backed brands, highlighting institutional confidence in the market. The property benefits from direct frontage along New Goodman Road (Hwy 302), one of Olive Branch’s primary retail corridors, with traffic counts exceeding 34,800 vehicles per day and immediate access to US-78 (±65,200 VPD). The surrounding corridor is anchored by Walmart, Kroger, Lowe’s, and Home Depot and continues to experience significant growth driven by new residential and mixed-use development activity throughout the Olive Branch and greater Memphis MSA market.

FOR SALE DETAILS

PRICE

$4,167,000 USD

PRICE/SF

$979 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jim n Nicks Olive Branch, MS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

858.82 AC

LAND SF

37,410,027 SF

ZONING

-

APN/PARCEL ID

1068283000001400

ASK ABOUT THIS PROPERTY

Hunter SteffienFaris Lee InvestmentsMore Info
949-221-1814

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Hunter SteffienFaris Lee InvestmentsMore Info
949-221-1814

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