503 Ms-16 Carthage, MS 39051
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Mississippi QSR, 6.25% Cap Rate, 13.7 Years Remaining
Property size:
3,063 SFProperty Features for 503 Ms-16
General Information
- Property type
- Retail properties & Spaces
- Square Feet
- 3,063 SF
- Lot Size
- 107,158 SF
Building Details
- Year Built
- 2017
Listing Agency: NNN Pro Group Listing Agent: Glen Kunofsky
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 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?
Retail property - Mississippi QSR, 6.25% Cap Rate, 13.7 Years Remaining
Where is this retail property 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.
