3502 Us-80 Pearl, MS 39208

Property Details for 3502 Us-80

Year built

1976

Lot size

0.50 lot acres

Property size

2,387 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,387 square foot, single-tenant, absolute NNN leased property located at 3502 US-80 in Pearl, Mississippi, 39208. The property, built in 1976 and situated on a 0.5-acre lot, boasts 24 parking spaces and excellent visibility from Highway 80, which sees approximately 42,100 vehicles per day. The tenant, Krystal, a well-established quick-service restaurant chain with approximately 300 locations across 10 states, is backed by a corporate guarantee and enjoys a strong financial position. The current lease, commencing September 20, 2012, and expiring September 30, 2032, has 7.9 years remaining on the base term, with six, 5-year options including 1.25% annual rent bumps. The property generates a net operating income (NOI) of $90,000, resulting in a 7.00% cap rate. The asking price is $1,286,000. The property benefits from its proximity to Hinds Community College, Pearl Elementary & Jr High Schools, and numerous retail establishments including Kroger, Harbor Freight Tools, and others. Its location is also convenient to Jackson-Medgar Wiley Evers International Airport and The Outlets of Mississippi. This is a low-maintenance, high-return investment with a strong tenant and a long-term lease. The property's Class B designation reflects its solid condition and operational efficiency. The investment is further enhanced by the tenant's impressive growth trajectory and its ranking as #15 on QSR Magazine's top "50 Brands Ready to Break Through." This is a rare opportunity to acquire a stable, high-performing asset in a desirable location.