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Whataburger - Low Rent | Corporate Guaranty 1724 Old Fannin Rd 3,816 SF Retail Building Flowood, MS 39232 $2,151,000 ($563.68/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate-Guaranteed Absolute NNN Ground Lease with Zero Landlord Responsibilities
- Backed by One of the Most Desirable QSR Brands, with Over 800 Locations and 43,000 Employees Nationwide
- Low Price Point with Extremely Low Rent of Just $96,800 Per Year
- Flowood is Located Just 10 Miles from Jackson, MS and is a Major Hub for Recreational Activity for Residents and Visitors Alike
EXECUTIVE SUMMARY
-Located Along Old Fannin Road Near Its Intersection with Lakeland Drive (±60,000 Cars Per Day)
-Lakeland Drive is a Dominant Retail Thoroughfare in Flowood and Provides Direct Access to Downtown Jackson, MS
-Surrounded by Numerous National Credit Tenants and Complementary Retail Uses, Driving Steady Consumer Flow
-Robust Nearby Development Activity, Including the Waterpointe Development, a Brand New ±240 Acre Mixed Use Project that will Feature 240+ Luxury Units and Additional Retail, Office, and Recreational Space
-Proximity to Major Recreational Destinations Further Enhances Daytime and Evening Traffic
--Strong Real Estate Fundamentals
-Positioned in the Growing and Economically Stable Jackson, MS MSA (Over 600,000 Residents)
-Large ±1.39-Acre Parcel | Excellent Site Visibility and Access Supports Long-Term Tenant Success
-Low-Vacancy Submarket with Consistent Retail Demand and Limited Supply Pipeline
-Excellent Demographics with Average Household Income Exceeding $115,000 Within Three Miles
Broker of Record
William “Mickey” Davis
License: #B-15586
5100 Poplar Avenue, Suite 2505, Memphis, TN 38137
PROPERTY FACTS
AMENITIES
- Restaurant
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- 60,548 SF
- $1.60
- Triple Net
- Dec 2031
On Aug. 8, 1950, an adventurous and determined entrepreneur named Harmon Dobson opened up the world’s first Whataburger on Ayers Street in Corpus Christi, Texas. The company had a simple goal: to serve a burger so big it took two hands to hold and so good that after one bite customers would say, “What a burger!” They succeeded on both counts and turned that one little burger stand into a legend loved throughout Texas and the South. Today, each and every Whataburger is made to order, right when it’s ordered. And they’re still made with 100 percent pure, never-frozen beef and served on a big toasted five-inch bun with all “the extras” to suit every taste. Grilled jalapeños, extra bacon, three slices of cheese, no tomatoes, extra pickles? No problem. Each Whataburger will be made just like customers like it, 24 hours a day, seven days a week.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 60,548 SF | $1.60 | Triple Net | Dec 2031 |
NEARBY MAJOR RETAILERS
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Whataburger - Low Rent | Corporate Guaranty | 1724 Old Fannin Rd
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