2505 Highway 80 Jackson, MS 39204
- Retail properties
- 2,382 SF
- 0.86 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2505 Highway 80
- Year built
- 1984
- Lot size
- 0.86 lot acres
- Property size
- 2,382 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple ownership of a Popeyes restaurant located at 2505 Hwy 80 W, Jackson, MS 39204. The property encompasses a 2,382 square foot building situated on a 0.86-acre lot. The property benefits from a long-term, 20-year triple-net (NNN) lease with a franchisee tenant, commencing December 20, 2019, and expiring December 31, 2039. This leaves a substantial remaining lease term of approximately 15.1 years. The current annual net operating income (NOI) stands at $81,000, translating to a compelling 6.25% cap rate and a price per square foot of $544.08. The lease includes attractive terms, featuring annual rent increases of 1% commencing in 2030, and six five-year tenant renewal options, ensuring long-term income stability. Built in 1984, this strategically located property is approximately two miles from downtown Jackson, offering excellent visibility and access to a substantial customer base. This is a rare opportunity to acquire a stable, high-performing, quick-service restaurant investment with significant upside potential. The property is 100% occupied.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Hinds
- State
- Mississippi
- Longitude
- -90.2297
- Latitude
- 32.2916
