Zaxby's
Vicksburg, MS
Key Details
| Price: | $2,576,000 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $161,000 |
| 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 |
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 $161,000 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- 20-Year Absolute Triple-Net (NNN) Lease At closing the tenant will execute a brand-new 20-year absolute triple-net lease. The lease will have no landlord responsibilities.
- Attractive Rent Increases The lease will feature scheduled increases of 2.00% annually.
- Brand New Construction The subject property is a new-build Zaxby's that is set to open in November 2024.
Key Details
| Price: | $2,576,000 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $161,000 |
| 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
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
James Westerberg
jwesterberg@nnnpro.com
License: NY: 10401304686
Francis Purritano
fpurritano@nnnpro.com
License: NY: 10401333619
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.