Drive-Through Restaurant with Absolute NNN
For Sale
Contact for pricing
508 N Gloster Street, Tupelo, MS 38804
Drive-through KFC on a signalized hard corner with pylon sign, absolute NNN lease structure, and sale-leaseback.
Property SizeContact for details
Days on Market121
Property Features for 508 N Gloster Street
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
22,500 vehicles/day
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 6:50PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This property is a drive-through equipped KFC restaurant offered as a fee simple acquisition with an absolute NNN lease structure. The tenant, North Mississippi Feeds, LLC, will execute a brand-new 20-year sale leaseback with escrow at closing, including four additional five-year option periods. The lease provides 10% rental increases every five years throughout the initial term and at the beginning of each option period. The lease is described as absolute NNN with zero landlord responsibilities, supported by franchisee guarantees for the entire lease term and a personal guarantee by the operator for five years.
Located at the signalized, hard corner of E. Jackson Street and N. Gloster Street in Tupelo, the site averages a combined 22,500 vehicles per day. The property features a large pylon sign for passersby and a drive-thru lane designed for customer convenience. The restaurant is positioned near a retail corridor serving Tupelo, with nearby national/credit tenants including Walmart Neighborhood Market, Kroger, Walgreens, and CVS.
Located at the signalized, hard corner of E. Jackson Street and N. Gloster Street in Tupelo, the site averages a combined 22,500 vehicles per day. The property features a large pylon sign for passersby and a drive-thru lane designed for customer convenience. The restaurant is positioned near a retail corridor serving Tupelo, with nearby national/credit tenants including Walmart Neighborhood Market, Kroger, Walgreens, and CVS.
Key Highlights
- Fee simple ownership of a drive‑through KFC on the signalized hard corner of E. Jackson St. and N. Gloster St. in Tupelo, MS
- Brand new 20‑year sale leaseback with the tenant, North Mississippi Feeds, LLC, plus four (5‑year) option periods
- Absolute NNN lease structure described as zero landlord responsibilities, with franchisee guarantees for the full lease term
Property Analytics
Current Use
Lease Details
22,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
Business Placement
Demographics for 38804, MS
17,314
Population
7,978
Households
2.2
Avg Household Size
40
Median Age
30%
College-Educated
87%
High-School Grad
78.5 sq mi
ZIP Area
221
Density / Sq Mi
$63,837
Median Household Income
$37,416
Median Earnings
$858
Median Rent
$201,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Drive-through KFC on a signalized hard corner with pylon sign, absolute NNN lease structure, and sale-leaseback.
Where is this nnn property located?
The property is located at 508 N Gloster Street Tupelo, MS.
What are key features of this property?
This property features: Fee simple ownership of a drive‑through KFC on the signalized hard corner of E. Jackson St. and N. Gloster St. in Tupelo, MS; Brand new 20‑year sale leaseback with the tenant, North Mississippi Feeds, LLC, plus four (5‑year) option periods; Absolute NNN lease structure described as zero landlord responsibilities, with franchisee guarantees for the full lease term
