Zaxby's
Vicksburg, MS
Key Details
Price: | $2,960,000 |
---|---|
Cap Rate: | 6.25% |
Annual Rent: | $185,000 |
Address: | 3316 Pemberton Square Boulevard, Vicksburg, Mississippi 39180 |
Property Type: | Retail |
Lease Type: | Triple Net (NNN) |
Property Data
Original Lease Term: | 20 Years |
---|---|
Lease Expiration: | 20 Years from Close of Escrow |
Lease Term Remaining: | 20 Years |
Rental Increases: | 10.00% Every 5 Years |
Lot Size: | 1.00 Acres |
Building Size: | 3,500 SF |
Year Built: | 2024 |
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NNN Pro is pleased to present the exclusive listing for a Zaxby's located at 3316 Pemberton Square Boulevard, Vicksburg, Mississippi 39180. The site consists of roughly 3500 rentable square feet of building space on an estimated 1-acre parcel of land. This Zaxby's is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $185,000 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- Proximity to Top-Performing Walmart Supercenter | The subject property is just a 4 minute drive from a Walmart Supercenter that places in the 97th percentile for sales nationwide (via Placer.AI).
- Dense Retail Corridor | In addition to the Walmart Supercenter, the subject property is situated amongst many other national and local tenants. Major national tenants include Kroger, The Home Depot, TJ Maxx, Dillard's, Belk, Starbucks, and more.
- High Traffic Counts | The subject property benefits from high traffic counts in the area. Pemberton Square Blvd brings 6,700 vehicles daily to the property. Blues Hwy, Halls Ferry Rd, and Interstate 20 bring another 78,000 vehicles to the immediate area daily.
- Robust Hotel Presence | There is a Rodeway Inn and a Howard Johnson by Wyndham adjacent to the subject property, and a Holiday Inn and Candlewood Suites just steps away. These hotels have over 250 rooms combined, and consistently bring many individuals to the area.
- Strong Demographics | There are over 17,000 individuals residing within a three mile radius, over 25,000 individuals residing within a five mile radius, and over 38,000 individuals residing within a ten-mile radius of the subject property.
- Access to Jackson | The subject property is just 45 minutes west of downtown Jackson, which is the capital of and largest city in Mississippi.
Key Details
Price: | $2,960,000 |
---|---|
Cap Rate: | 6.25% |
Annual Rent: | $185,000 |
Address: | 3316 Pemberton Square Boulevard, Vicksburg, Mississippi 39180 |
Property Type: | Retail |
Lease Type: | Triple Net (NNN) |
Property Data
Original Lease Term: | 20 Years |
---|---|
Lease Expiration: | 20 Years from Close of Escrow |
Lease Term Remaining: | 20 Years |
Rental Increases: | 10.00% Every 5 Years |
Lot Size: | 1.00 Acres |
Building Size: | 3,500 SF |
Year Built: | 2024 |
Talk to the Pros
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Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
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James Westerberg
jwesterberg@nnnpro.com
License: NY: 10401304686
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Francis Purritano
fpurritano@nnnpro.com
License: NY: 10401333619
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Jack McHugh
jmchugh@nnnpro.com
License: NY: 10401389686
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.