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
NNN Pro Group is pleased to present the exclusive listing for an Express Oil Change located at 19 Tyner Road in Petal, Mississippi. The site consists of roughly 4,800 rentable square feet of building space on estimated 1.14-acre parcel of land. This Express Oil Change is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $144,386 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options..
– Long Term 20-Year Sale-Leaseback
– Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
– Six (6) Tenant Renewal Periods of Five (5) Years Each
NNN Pro Group is pleased to present the exclusive listing for a Huddle House located at 1028 W Beacon Street in Philadelphia, MS. The site consists of roughly 1,847 rentable square feet of building space on estimated 0.54-acre parcel of land. This Huddle House is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The starting annual rent will be $76,925 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ 20-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities
✓ 1.50% Annual Rental Increases That Will Continue Through The Base Term And Into The Four (4), Five (5)-Year Tenant Renewal Option Periods
✓ Corporate Guarantee (275+ Units)
NNN Pro Group is pleased to present the exclusive listing for a Pizza Hut located at 1212 Delaware Avenue in McComb, MS. The site consists of roughly 3,096 rentable square feet of building space on estimated 0.78-acre parcel of land. This Pizza Hut will be subject to a 15-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $102,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Relocation Site | Tenant is Moving from a Location Less than a Mile Away
✓ Long-Term, 15-Year Triple Net (NNN) Lease
✓ 10% Rental Increases Every 5 Years
✓ Four (4), Five (5)-Year Tenant Renewal Option Periods
✓ 100+ Unit Operator | Tenant Entity Comprised of Approximately 52 Units
NNN Pro is pleased to present the exclusive listing for a Popeyes located at 2505 Hwy 80 West, Jackson, MS 39204. The site consists of roughly 2,382 rentable square feet of building space on an estimated 0.86-acre parcel of land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2019. The current annual rent is $81,000 and has scheduled increases of 1.00% Annually Starting Year 11.
Long Term Triple-Net (NNN) Lease
The 15+ Year Lease will Have No Landlord Responsibilities
Attractive Rental Increases and Renewal Options
One Percent (1.0%) Annual Rent Increases Starting in 2030 and Six (6)
Tenant Renewal Periods of Five (5) Years Each
Compelling Location Fundamentals
Subject Property is Approximately 2-Miles from Downtown Jackson, MS
NNN Pro is pleased to present the exclusive listing for a Popeyes located at 4725 Clinton Blvd, Jackson, MS 39209. The site consists of roughly 2,628 rentable square feet of building space on an estimated 0.32-acre parcel of and. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2019. The current annual rent is $83,000 and has scheduled increases of 1.00% Annually Starting Year 11.
Long Term Triple-Net (NNN) Lease
The 15+ Year Lease will Have No Landlord Responsibilities
Attractive Rental Increases and Renewal Options
One Percent (1.0%) Annual Rent Increases Starting in 2030 and Six (6)
Tenant Renewal Periods of Five (5) Years Each
Compelling Location Fundamentals
Subject Property is Approximately 5-Miles from Downtown Jackson, MS
NNN Pro Group is pleased to present the exclusive listing for SQRL Fuel Station located at 1950 US-90 in Gautier, MS 39553. The site consists of roughly 2,646 rentable square feet of building space on estimated 1.41-acre parcel of land. This SQRL Fuel Station is subject to a 20-year absolute triple-net (NNN) lease and the current annual rent is $216,299 and is scheduled to increase by 2% annually.
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease with 2% Annual Increases to Hedge Inflation
✓ Large Six Pump Gas Station | Strategically Located Right off US-90 With High Visibility and Ease Of Access
✓ Situated Minutes From Several Anchor Tenants | Lowe’s, Harbor Freight Tools, Dollar Tree, Belk and a Few Others
✓ Ideal Traffic Counts and Positioning for a Gas Station & C-Store
✓ Over 39,300 Vehicles Per Day Along US-90
About the Investment:
✓ Brand-New 2022 Construction | Starbucks Corporate Guarantee | Fee Simple
✓ Starbucks Originally Signed a 10-Year Lease | Starbucks Exercised a Five-Year Extension Option Over 8 Years Early to Extend the Term of the Lease to 15-Years Due to Strong Performance at this Location | 14 Years of Firm Term Remaining
✓ Ranked in the 93rd Percentile of all Starbucks Nationwide on Placer.AI* | 4th Best in the State of Mississippi
✓ Compelling Real Estate Fundamentals | Main Intersection | Hard Signalized Corner | High Traffic Counts
✓ Adjacent to High Performing Chick-fil-A and Lowe’s Outparcel
✓ Ideally Located Minutes from Lowe’s, Kroger, and Walgreens | Positioned in the Center of Corinth’s Main Retail Corridor!
