2640 Lakeland Dr Flowood, MS 39232-8823
This exceptional QSR/restaurant opportunity in Flowood, MS, presents a rare chance to acquire a thriving business situated on a high-traffic corridor. The 2,500 square foot building, constructed in 1978, boasts a convenient drive-thru/pick-up window, perfectly positioned on US Hwy 25 (Lakeland Drive), experiencing an average daily traffic count of 50,000 vehicles. The property sits on a 0.71-acre lot and offers a rear drive accessing Layfair Drive, providing efficient traffic flow and utilizing the traffic signal at the intersection of US Hwy 25, Layfair Drive, and Tree Tops Blvd. The property's strategic location benefits from proximity to major employers and institutions, including Merit Health River Oaks Hospital, Merit Health Woman's Hospital, Blue Cross/Blue Shield of Mississippi Headquarters, Mississippi Air National Guard Headquarters, and Jackson Prep schools. The asking price is $995,000. An additional 1.05-acre unimproved lot behind the restaurant is available for purchase at $350,000, providing potential for expansion or future development. This fee-simple ownership offers significant potential for return on investment in a prime commercial location. The property is zoned for commercial use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.