Three-Parcel NNN Restaurant
108 MARKET ST Flowood, MS 39201
108 MARKET ST, Flowood, MS, 39201
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For Sale
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Diversified NNN restaurant leases across three parcels, anchored by Chipotle, Smoothie King, and Five Guys.
Property Size12,521 SF
Lot Size2.39 Acres
Price / SF$645.38
Days on Market50
Property Features for 108 MARKET ST
General Information
- Standard status
- Active
- Size
- 12,521 SF
- Lot size
- 2.39 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing agency
Northmarq Capital, LLC
Listed by
Ryan Roedersheimer · License #OH 2015004880
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 4:00PM Checked: Jul 21 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
This offering includes approximately 12,521 square feet across three separate buildings on approximately 2.39 acres, with broad access and parking easements supporting the separate parcels. Each parcel is structured as its own tenant space set for NNN ownership. The property’s current tenants include Chipotle at 108 Market Street, Smoothie King at 114 Market Street, and Five Guys at 122 Market Street.
108 Market Street is a two-tenant parcel anchored by Chipotle, with 12+ years remaining on a 15-year NNN lease and four, five-year options. 114 Market Street is a two-tenant parcel anchored by Smoothie King, with the tenant in place since 2017 and three, five-year options; Placer.ai data referenced in the remarks indicates this is the top ranking Smoothie King location by visits within a 15-mile radius. 122 Market Street is a stand-alone Five Guys that has been operating since 2016 and just exercised a five-year option beginning May 1, 2026.
For buyers and investors seeking an NNN-focused restaurant portfolio, this structure provides three income streams tied to long-term operators, with scheduled five-year option periods and 10% rent increases at each five-year option. The broad access and parking easements are designed to support convenient site circulation across the parcels while maintaining separate parcel ownership.
108 Market Street is a two-tenant parcel anchored by Chipotle, with 12+ years remaining on a 15-year NNN lease and four, five-year options. 114 Market Street is a two-tenant parcel anchored by Smoothie King, with the tenant in place since 2017 and three, five-year options; Placer.ai data referenced in the remarks indicates this is the top ranking Smoothie King location by visits within a 15-mile radius. 122 Market Street is a stand-alone Five Guys that has been operating since 2016 and just exercised a five-year option beginning May 1, 2026.
For buyers and investors seeking an NNN-focused restaurant portfolio, this structure provides three income streams tied to long-term operators, with scheduled five-year option periods and 10% rent increases at each five-year option. The broad access and parking easements are designed to support convenient site circulation across the parcels while maintaining separate parcel ownership.
Key Highlights
- Three‑building, multi‑tenant NNN restaurant property with approx. 12,521 total SF on approx. 2.39 acres across three parcels
- 108 Market Street: Chipotle 2‑tenant parcel with 12+ years remaining on a 15‑year NNN lease and four 5‑year options
- 114 Market Street: Smoothie King 2‑tenant parcel, long‑term tenant since 2017 with three 5‑year options
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Diversified NNN restaurant leases across three parcels, anchored by Chipotle, Smoothie King, and Five Guys.
Where is this nnn property located?
The property is located at 108 MARKET ST Flowood, MS.
What is the asking price?
The asking price for this property is $8,080,808.
What are key features of this property?
This property features: Three‑building, multi‑tenant NNN restaurant property with approx. 12,521 total SF on approx. 2.39 acres across three parcels; 108 Market Street: Chipotle 2‑tenant parcel with 12+ years remaining on a 15‑year NNN lease and four 5‑year options; 114 Market Street: Smoothie King 2‑tenant parcel, long‑term tenant since 2017 with three 5‑year options
