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Popeyes

Jackson, Mississippi

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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

Key Details

Price:
$1,384,615
Cap Rate:
5.85%
Annual Rent:
$81,000
Address:
2505 Hwy 80 West, Jackson, Mississippi 39204
Property Type:
Retail
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
12/20/2019
Lease Expiration:
12/31/2039
Rental Increases:
1.00% Annually Starting Year 11
Lot Size:
0.86 Acres
Building Size:
2,382 SF
Year Built:
1984
Tenant:
Popeyes

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Anthony Bird

License: 10401306066

Broker of record

Brian Brockman

Bang Realty of Mississippi, Inc

License: 21542


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