Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    316 Stribling Ln Brandon, MS

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    New construction restaurant property with long-term lease and rent increases.

    Type:RETAIL
    Property size:
    3,900 SF
    Lot size:
    1.58 Acres
    Added:
    Jan 9, 2025
    Days on Market:
    476
    Last Refresh:
    Apr 5 at 11:11 pm

    Property Features for 316 Stribling Ln

    General Information

    Standard status
    Active
    Size
    3,900 SF
    Lot size
    1.58 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Glen Kunofsky

    Listing agent Glen Kunofsky

    Listing office NNN Pro Group

    Listing date Jan 9, 2025

    Source Moodyscre

    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 NNN Pro Group

    Overview

    New Restaurant Property For Sale

    This property features a brand-new construction completed in 2024, designed as a joint Moe's & Pizza Hut concept. A new 15-year absolute triple net (NNN) lease will be executed at closing, transferring all landlord responsibilities to the tenant. The lease includes scheduled rent increases of 10% every 5 years. The lease is guaranteed by JJB Brands, which operates over 100 restaurants across five states and has plans for future growth. The property size is 3,900 square feet and is located in Brandon, MS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Moe's Southwest Grill Restaurant Pizza Hut Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.037
    Latitude
    32.2816

    Nearby Similar for Sale

    • $2,100,000

      Mississippi RV & Boat Storage

      Fully operational storage facility with expansion potential in Brandon, MS.
      6698 Highway 25, Brandon, MS 39047
      View Details
    • $1,161,000
      105,415 SF

      Stonebridge Mixed-Use Development Opportunity

      Large-scale mixed-use development with retail and residential potential.
      Stonebridge Boulevard, Brandon, MS 39042
      View Details
    • $600,000
      6,089 SF

      Brandon MS Commercial Office Building

      Office complex with multiple suites and easy access location.
      505 Avalon Way lot: A, Brandon, MS 39047
      View Details
    • $699,000
      3,716 SF

      Brandon Office Building For Sale

      Modernized office building in desirable Brandon submarket, renovated in 2022.
      557 Grants Ferry Rd, Brandon, MS 39047
      View Details
    • $600,000

      Office Complex with Multiple Suites

      Office complex with multiple suites and easy access location.
      505 Avalon Way, Brandon, MS 39047
      View Details
    • $19
      16,800 SF

      Retail Space in Crossgates Landing

      Prime retail space in high-traffic Brandon retail center.
      1490 W Government Street, Brandon, MS 39042
      View Details
    • $1,500,000
      5,988 SF

      Established Office Building For Sale

      Office building with long-term tenant and minimal landlord responsibility.
      101 Christian Dr, Brandon, MS
      View Details
    • Contact for pricing
      1,863 SF

      Car Wash on Corner Lot

      Car wash with spray wash stations and automatic wash.
      312 Village Square Dr, Brandon, MS 39047
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - New construction restaurant property with long-term lease and rent increases.
    Where is this turn key restaurant located?
    The property is located at 316 Stribling Ln Brandon, MS.
    What are key features of this property?
    This property features: 15‑Year Absolute Triple Net (NNN) Lease with no landlord responsibilities.; Brand‑New Construction completed in 2024, featuring a new Moe's & Pizza Hut joint concept.; Attractive Rent Increases of 10% Every 5 Years.
    (332) 345-2408 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Glen Kunofsky
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!