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.