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BURGER KING (STRONG SALES) – NEW ALBANY, MS 106 Park Plaza Dr 2,934 SF Retail Building New Albany, MS 38652 $1,964,000 ($669.39/SF) 5.50% Cap Rate
Investment Highlights
- ABSOLUTE NNN LEASE: 12+ years remaining on Absolute NNN lease with an attractive 8% rental escalations! Next escalation - August 1, 2028!
- SEASONED SALES LOCATION: Successfully open and operating for decades (recent lease extension) with an ATTRACTIVE 6.97% (YE 2025) - Rent to Sales Ratio
- TRAFFIC COUNTS: Well-positioned on a ±0.66-acre lot with exceptional visibility from Interstate 22 (29,345 CPD) and access from Hwy-30
- TENANT: Nashville Quality, LLC is a subsidiary of Carrols Restaurant Group and a wholly owned subsidiary of Restaurant Brands International “RBI”
- DENSE RETAIL CORRIDOR: Conveniently located at interchange of Interstate 22 & Hwy 30 - Dominant retail corridor and adjacent to Walmart Supercenter
- 2025 DEMOGRAPHICS: Total Population (5MI): 12,710 | Average Household Income (1MI): $93,878
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,934 SF
Building Class
B
Year Built
1995
Price
$1,964,000
Price Per SF
$669.39
Cap Rate
5.50%
NOI
$108,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.66 AC
Zoning
C
Frontage
75’ on Park Plaza Dr
Amenities
- 24 Hour Access
- Restaurant
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Jul 2038
Burger King is known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for many successful years.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | Jul 2038 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 019N-07-012.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $80,283 |
Property Taxes
Parcel Number
019N-07-012.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$80,283
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BURGER KING (STRONG SALES) – NEW ALBANY, MS | 106 Park Plaza Dr
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