Drive-Thru Restaurant with Absolute NNN
205 S Davis Avenue Cleveland, MS 38732
205 S Davis Avenue, Cleveland, MS, 38732
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For Sale
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Absolute NNN drive-thru restaurant investment with a KFC sale leaseback and scheduled 10% rent increases.
Days on Market103
Property Features for 205 S Davis Avenue
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Matthew Mousavi · License #CA 01732226
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 12:29PM 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
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
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
