Burger King

Carthage, Mississippi

NNN Properties, LLC is pleased to present the exclusive listing for a Burger King located at 503 MS-16 in Carthage, Mississippi. The site consists of roughly 3,063 rentable square feet of building space on estimated 2.46-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on July 18th, 2018 and has more than 15 years remaining. The current annual rent is $121,000 and is scheduled to increase by 10% every five years and in each of the 4, 5-year renewal options.

About the Investment
✓ Long Term Lease | More than 15 Years Remaining on an Original 20-Year Lease
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Operated by Carrols Restaurant Group (NASDAQ: TAST), one of the Largest
Restaurant Companies and Franchisee’s in the United States
✓ Guaranteed by New CFH, LLC | Subsidiary of Carrols With Over 200+ Units
✓ Attractive Rental Increases of Ten Percent (10%) Every 5 Years
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each