Drive-Thru Restaurant with Absolute NNN
For Sale
Contact for pricing
205 S Davis Avenue, Cleveland, MS 38732
Absolute NNN drive-thru restaurant investment with a KFC sale leaseback and scheduled 10% rent increases.
Property SizeContact for details
Days on Market121
Property Features for 205 S Davis Avenue
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
18,000 vehicles/day
Road Access
Yes
Building Details
Tenancy
Single
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 21 at 12:29PM
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 fee simple investment offers a drive-thru equipped Kentucky Fried Chicken (KFC) restaurant with an absolute NNN structure and an operator-backed lease. The property is described as personal and franchisee guaranteed, and the tenant, North Mississippi Foods, LLC (a 6-unit entity), will execute a brand new 20-year sale leaseback at the close of escrow with four (5-year) option periods to extend. Rental increases are scheduled at 10% every 5 years throughout the initial term and at the beginning of each option period. The lease is personally guaranteed by the operator for five years and is marketed as absolute NNN with zero landlord responsibilities.
The site is located along S. Davis Avenue, identified as the main north/south thoroughfare through Cleveland, with 18,000 vehicles passing by daily. The property features a drive-thru lane and a large pylon sign to support visibility.
The surrounding area is described as supported by national/credit retailers including a 24-hour Walmart Supercenter, Kroger, Burkes Outlet, Goody’s, and McDonald’s. The property is also reported to be about 1.3 miles from Delta State University, with the broader trade area described as having more than 27,000 residents.
The site is located along S. Davis Avenue, identified as the main north/south thoroughfare through Cleveland, with 18,000 vehicles passing by daily. The property features a drive-thru lane and a large pylon sign to support visibility.
The surrounding area is described as supported by national/credit retailers including a 24-hour Walmart Supercenter, Kroger, Burkes Outlet, Goody’s, and McDonald’s. The property is also reported to be about 1.3 miles from Delta State University, with the broader trade area described as having more than 27,000 residents.
Key Highlights
- Fee simple ownership of an absolute NNN leased KFC drive‑thru in Cleveland, MS
- Tenant North Mississippi Foods, LLC (6‑unit entity) to execute a brand new 20‑year sale leaseback at close of escrow
- Lease includes 4 (5‑year) option periods with 10% rental increases every 5 years and at the start of each option period
Property Analytics
Current Use
Lease Details
18,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 38732, MS
17,652
Population
7,354
Households
2.4
Avg Household Size
36
Median Age
32%
College-Educated
84%
High-School Grad
88.3 sq mi
ZIP Area
200
Density / Sq Mi
$44,239
Median Household Income
$34,531
Median Earnings
$776
Median Rent
$163,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Absolute NNN drive-thru restaurant investment with a KFC sale leaseback and scheduled 10% rent increases.
Where is this drive through restaurant located?
The property is located at 205 S Davis Avenue Cleveland, MS.
What are key features of this property?
This property features: Fee simple ownership of an absolute NNN leased KFC drive‑thru in Cleveland, MS; Tenant North Mississippi Foods, LLC (6‑unit entity) to execute a brand new 20‑year sale leaseback at close of escrow; Lease includes 4 (5‑year) option periods with 10% rental increases every 5 years and at the start of each option period
