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119 Alabama St
Columbus, MS 39702
Burger King · Retail Property For Sale
PROPERTY FACTS
ABOUT 119 ALABAMA ST , COLUMBUS, MS 39702
Marcus & Millichap is pleased to present the exclusive listing for the Burger King Sale-Leaseback located at 119 Alabama Street, Columbus, Mississippi. The tenant completely remodeled this location to Burger King' s 20/20 Image in 2016 demonstrating their commitment to the site. The property consists of 3,756 rentable square feet on 1.29 acres. Burger King is subject to 20-year triple-net (NNN), sale-leaseback with Cambridge Franchise Group ( CFG ), a 115-Unit Burger King operator. The lease will commence upon close of escrow and the base annual rent will be $230,000. The lease calls for 7.50% rental increases every five years during the base term and continuing through the four, five-year tenant renewal options. Burger King is located at 119 Alabama Street in Columbus, MS. Columbus is the county seat of Lowndes County, Mississippi. The city is home to over 125 restaurants, 950 hotel rooms, 45 bed and breakfast rooms, 10 shopping districts, and a vibrant Main Street. Additionally Columbus is home to the largest Air Force pilot training base in the nation, the Columbus Air Force Base.
