Renovated Dunkin Prototype
For Sale
$1,235,000
2615 W Main St, Tupelo, MS 38801
Renovated 2022 absolute NNN lease in Tupelo’s main retail corridor across from Walmart.
Property Size1,855 SF
Price / SF$665.77
Days on Market50
Property Features for 2615 W Main St
General Information
Standard status
Active
Size
1,855 SF
Property subtype
Restaurant
Occupancy
100%
Additional Details
Business Included
Yes
Traffic Count
23,000 vehicles/day
Building Details
Year Renovated
2022
Tenancy
Single
Listing Agency:
Marcus & Millichap | Memphis
(901) 620-3600
Listed By:
Mickey Davis · License #License(s) MS: 15586
(901) 620-3600
Source:
Marcusmillichap
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 30 at 2:29PM
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 Marcus & Millichap | Memphis
Investment Insights
Based on property information with market context.
This fee-simple property features a renovated Dunkin prototype that was updated in 2022; the building was previously a Krystal. The asset is currently leased under a long-term absolute NNN structure, designed for tenants seeking a predictable operating model tied to a dedicated franchise operator.
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.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Lease Details
23,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38801, MS
29,795
Population
13,717
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
86%
High-School Grad
73.0 sq mi
ZIP Area
408
Density / Sq Mi
$63,447
Median Household Income
$35,596
Median Earnings
$954
Median Rent
$187,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Starbucks — 2433 W Main St, Tupelo, MS 38801
Frequently Asked Questions
What type of property is this?
Coffee shop - Renovated 2022 absolute NNN lease in Tupelo’s main retail corridor across from Walmart.
Where is this coffee shop located?
The property is located at 2615 W Main St Tupelo, MS.
What is the asking price?
The asking price for this property is $1,235,000.
What are key features of this property?
This property features: 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.
