Three-Parcel NNN Restaurant
For Sale
Contact for pricing
108 MARKET ST, Flowood, MS 39201
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 Market95
Property Features for 108 MARKET ST
General Information
Standard status
Active
Size
12,521 SF
Lot size
2.39 Acres
Property subtype
Retail
Zoning
C-3 General Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$525,276
Building Details
Year Built
2008
Buildings
3
Units
5
Tenancy
Multi
Listing Agency:
Northmarq Capital, LLC
Listed By:
Ryan Roedersheimer · License #OH 2015004880
Source:
Crexi
Added: Jun 2
Changed: Aug 14
Last Checked: Sep 3 at 3:19AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 78%
Dining 18%
Hotels & Casinos 4%
Academy Sports + Outdoors
Apparel
75,441 visits/mo
0.5 miles
SONIC Drive In
Dining
17,550 visits/mo
0.5 miles
Home2 Suites by Hilton Jackson Flowood Airport Area
Hotels & Casinos
3,915 visits/mo
0.5 miles
Demographics for 39201, MS
574
Population
749
Households
0.8
Avg Household Size
40
Median Age
75%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
273
Density / Sq Mi
$77,946
Median Household Income
$77,838
Median Earnings
$1,341
Median Rent
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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
