312 Stribling Ln Brandon, MS 39042-6614

Property Details for 312 Stribling Ln

Year built

2019

Lot size

0.82 lot acres

Property size

2,730 SF

Property type

Drive through restaurants

APN

H08M000002 00130

APU

H08M00000200130

Description

This exceptional investment opportunity presents a 2,200 square foot Starbucks located in Brandon, Mississippi, on a 0.82-acre lot. Built in 2020, the property boasts a 10.1-year corporate net lease with a highly-rated tenant (S&P BBB+), offering a remaining lease term of 5.3 years. The lease includes four 5-year renewal options with a 10% rent increase every five years throughout the primary term and options. The property generates a strong NOI of $140,681, resulting in a 6.25% cap rate. This prime retail location is situated in a dense retail corridor, just two miles from Jackson-Medgar Wiley Evers International Airport (1.29 million passengers in 2023), and enjoys excellent highway visibility with access to Interstate 20 (21,800+ vehicles per day). Nearby national retailers include Walmart, Home Depot, Kroger, CVS, Walgreens, Chick-fil-A, McDonald's, Big Lots, and Dollar Tree. The asking price is $2,251,000, translating to $1,023.18 per square foot. This is a rare opportunity to acquire a high-performing, net-leased Starbucks in a thriving Mississippi market. The property is a single-story building with 100% occupancy. The address is 312 Stribling Ln, Brandon, MS 39042. Brandon's population exceeds 25,142, and the property is conveniently located approximately 8 miles from downtown Jackson.