616 Jefferson St Jackson, MS 39202-3101
- Turn key restaurants
- 874 SF
- 5.00 lot acres
Current Use by Public Records
- Domino's Pizza / Pizza Delivery / Chicken Wings Restaurant
Property Details for 616 Jefferson St
- Year built
- 1998
- Lot size
- 5.00 lot acres
- Property size
- 874 SF
- Property type
- Turn key restaurants
- APN
- 0025 0026 000
- APU
- 250026000
Description
This exceptional investment opportunity presents a 1,200 square foot Domino's Pizza franchise located at 616 N Jefferson St, Jackson, MS 39202. The property is offered at $750,000 with a strong 6.00% cap rate, generating a net operating income (NOI) of $45,000. Secured by a 10-year absolute NNN lease commencing September 16, 2024, and expiring September 30, 2034, this investment boasts significant stability. Rent increases are tied to the Consumer Price Index (CPI), with a maximum increase of 10% every five years. The lease includes two five-year renewal options, further enhancing the long-term value. This established Domino's location benefits from its prime corner position in Jackson, Mississippi, within Hinds County. The franchisee is a multi-unit operator with extensive experience, ensuring operational expertise and consistent performance. This property is ideally suited for 1031 exchange investors seeking a secure, high-yield investment in a nationally recognized brand. The property's strong financials and long-term lease make it a compelling opportunity for discerning investors. The property is classified as QSR/Fast Food retail and is an absolute NNN lease.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $295,000
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Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Hinds
- State
- Mississippi
- Longitude
- -90.1763
- Latitude
- 32.3045
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA
