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    503 Ms-16 Carthage, MS 39051

    For Sale
    $1,936,000

    Mississippi QSR, 6.25% Cap Rate, 13.7 Years Remaining

    Property size:
    3,063 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This fee-simple, 3,063 square-foot Burger King in Carthage, Mississippi, presents a compelling net lease investment opportunity. Situated on a 2.46-acre lot at 503 MS-16, this property boasts a 20-year lease (commencing July 18, 2018, expiring July 31, 2038) with over 13.7 years remaining. The current annual net operating income (NOI) is $121,000, with a 10% rent increase scheduled every five years, and four 5-year renewal options. The property is 100% occupied by a franchisee, offering significant long-term stability. Built in 2017, this triple-net (NNN) lease requires zero landlord responsibilities. The asking price is $1,936,000, representing a 6.25% cap rate and a price per square foot of $632.06. The franchisee is a subsidiary of Carrols Restaurant Group, a major player in the US restaurant industry. This investment offers a strong combination of long-term lease security, predictable income growth, and a proven tenant.

    Property Features for 503 Ms-16

    General Information

    Property type
    Restaurants
    Square Feet
    3,063 SF
    Lot Size
    107,158 SF

    Building Details

    Year Built
    2017
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carthage
    County
    Leake
    State
    Mississippi
    Longitude
    -89.5399061
    Latitude
    32.7303571

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    FAQs

    What type of property is this?
    Restaurant - Mississippi QSR, 6.25% Cap Rate, 13.7 Years Remaining
    Where is this restaurant located?
    The property is located at 503 Ms-16 Carthage, MS.
    What is the asking price?
    The asking price for this property is $1,936,000.
    Request Owner's contact information
    503 Ms-16 Carthage, MS 39051
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    Realmo Value Estimation

    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.

    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.

    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
    503 Ms-16 Carthage, MS 39051
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