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    14860 Main St Louisville, MS 39339

    For Sale
    $1,936,000

    Mississippi QSR, High ROI, Long Lease

    Property size:
    3,063 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This fee-simple retail property in Louisville, Mississippi, offers a compelling investment opportunity. The 3,063 square-foot Burger King restaurant sits on a 1.3-acre lot and is operating under a 20-year absolute triple-net (NNN) lease, commencing July 18, 2018, and expiring July 31, 2038. With over 13.7 years remaining, this investment boasts a 6.25% cap rate and a current annual net operating income (NOI) of $121,000. The lease includes a 10% rent increase every five years, and four 5-year renewal options. Built in 2017, the property enjoys 100% occupancy and a price per square foot of $632.06. The asking price is $1,936,000. Located at 14860 W Main St, Louisville, MS 39339, this franchisee-operated Burger King presents a stable, long-term investment with significant upside potential due to the built-in rent escalations. The property is a single-tenant, fee-simple ownership.

    Property Features for 14860 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    3,063 SF
    Lot Size
    56,628 SF

    Building Details

    Year Built
    2017
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Burger King Fast Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Winston
    State
    Mississippi
    Longitude
    -89.0829625
    Latitude
    33.1240699

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    FAQs

    What type of property is this?
    Restaurant - Mississippi QSR, High ROI, Long Lease
    Where is this restaurant located?
    The property is located at 14860 Main St Louisville, MS.
    What is the asking price?
    The asking price for this property is $1,936,000.
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    14860 Main St Louisville, MS 39339
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    Louisville, MS 39339
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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
    14860 Main St Louisville, MS 39339
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