1820 Hwy 72nd E Corinth, MS 38834-6533

This exceptional investment opportunity presents a 2,237 square foot, single-tenant, absolute NNN leased Krystal restaurant located at 1820 Highway 72 E, Corinth, MS 38834. The property sits on a 0.78-acre lot with 41 parking spaces and benefits from excellent visibility and access on Highway 72, boasting approximately 44,750 vehicles per day. The building, constructed in 2007, is classified as Class B and enjoys 100% occupancy. The current lease, commencing April 22, 2013, and expiring December 31, 2033, provides a remaining term of approximately 9.1 years. The lease includes annual rent bumps of 1% in the options. The tenant, Krystal, is credit rated and offers a corporate guarantee, minimizing landlord risk. The property generates a strong net operating income (NOI) of $88,000, resulting in a 7.00% cap rate. The asking price is $1,257,000. This location is in a prime retail corridor, within walking distance of numerous national retailers including Walmart, Lowe's, Belk, and many others, and approximately 1.5 miles from Corinth High School and Fulton Crossing Shopping Center. This is a rare opportunity to acquire a well-performing, low-maintenance investment property with a strong tenant and significant remaining lease term. The property's location in a high-traffic area ensures consistent revenue generation and long-term value appreciation. The corporate guarantee and absolute NNN lease structure further enhance the investment's security and attractiveness.