2615 W Main St, Tupelo, MS 38801
Renovated 2022 absolute NNN lease in Tupelo’s main retail corridor across from Walmart.
- Added:
- Jun 11, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 13 at 1:56 am
Property Features for 2615 W Main St
General Information
- Standard status
- Active
- Size
- 1,855 SF
- Property subtype
- Restaurant
Listing agent Mickey Davis License #License(s) MS: 15586 (901) 620-3600
Listing office Marcus & Millichap | Memphis (901) 620-3600
Listing date Jun 11, 2026
Source Marcusmillichap
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 Marcus & Millichap | Memphis
HighLights
- Absolute NNN lease with increases: 20‑year lease signed in 2022, expiring Oct 31, 2042 (Tupelo Donut Holdings).
- Lease includes 10% rental increases every 5 years, with the next escalation on Nov 1, 2027 (including option periods).
- Conservative rent of $65,000 and fee‑simple ownership with depreciation benefits.
- Tenant: Tupelo Donut Holdings, LLC (subsidiary of IDH Alliance), operating approx. 70 Dunkin’ and Baskin Robbins locations across AL, GA, MS, NC, and TN.
- Property renovated in 2022 to the newest Dunkin’ prototype (former Krystal).
- Located on W. Main Street with ~23,000 average daily traffic count; across from Walmart Supercenter.
Overview
The site is located on W. Main Street in Tupelo, positioned in the main retail corridor across the street from a Walmart Supercenter. The adjacent retail mix includes national brands such as Harbor Freight Tools, Dollar Tree, Starbucks, McDonald’s, KFC, Taco Bell, Sonic, Wendy’s, and Jack’s. W. Main Street is described as having an average daily traffic count of 23,000, and Tupelo serves as a regional economic hub between Memphis and Birmingham.
The current tenant, Tupelo Donut Holdings, LLC, is a subsidiary of IDH Alliance, which operates approximately 70 Dunkin and Baskin Robbins locations across Alabama, Georgia, Mississippi, North Carolina, and Tennessee. The lease is a 20-year absolute NNN agreement signed in 2022 and scheduled to expire October 31, 2042, with 10% rental increases every five years, including the four and five-year option periods. The next escalation is noted for November 1, 2027. Reported rent is $65,000, and the asset is offered as an absolute NNN investment.
Current Use by Public Records
Similar Places Nearby
- All Shook Up — 4008 W Main St, Tupelo, MS 38801
Location Insight
- Map
- Local Demand
- City
- Tupelo
- County
- Lee
- State
- Mississippi
- Longitude
- -88.747562
- Latitude
- 34.25474
