Burger King
Byram, MS
Key Details
| Price: | $1,991,815 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $129,468 |
| Address: | 211 Handley Boulevard, Byram, Mississippi 39272 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 19 Years |
|---|---|
| Lease Commencement: | 4/13/2012 |
| Lease Expiration: | 12/30/2031 |
| Lease Term Remaining: | 7.1 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 0.93 Acres |
| Building Size: | 2,953 SF |
| Year Built: | 2011 |
NNN Pro is pleased to present the exclusive listing for a Burger King located at 211 Handley Boulevard, Byram, Mississippi 39272. The site consists of roughly 2953 rentable square feet of building space on an estimated 0.93-acre parcel of land. This Burger King is subject to a 19-year Triple Net (NNN) lease, which commenced 4/13/2012. The current annual rent is $129,468 and has scheduled increases of 2.00% Annually.
About the Investment
- Long Term 20-Year NNN Lease | More than 7 Years Remaining
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Attractive Two Percent (2%) Rental Increases Annually
- Four (4) Tenant Renewal Periods of Five (5) Years Each
- Guaranteed by GPS Hospitality, the 3rd Largest Burger King Franchisee in the Country – 400 Burger Kings, 60+ Pizza Huts and 19 Popeye’s
Key Details
| Price: | $1,991,815 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $129,468 |
| Address: | 211 Handley Boulevard, Byram, Mississippi 39272 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 19 Years |
|---|---|
| Lease Commencement: | 4/13/2012 |
| Lease Expiration: | 12/30/2031 |
| Lease Term Remaining: | 7.1 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 0.93 Acres |
| Building Size: | 2,953 SF |
| Year Built: | 2011 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Russell Wachtler
rwachtler@nnnpro.com
License: NY: 10401294048
Edward DeMatteis
edematteis@nnnpro.com
License: NY: 10401375705
Broker of Record
Brian Brockman
Bang Realty of Mississippi, Inc
License: 21542
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.