190 W Third St | Forest, MS 39074
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- LoopNet Team
190 W Third St
Forest, MS 39074
NNN Burger King | Long-term Ground Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Leasehold interest in a NNN Burger King asset prominently positioned along Third Street near the heart of downtown Forest, Mississippi.
- Franchisee GPS Hospitality is one of the largest BK franchisees in the country and has a strong record of sustained success.
- 10-mile population spends over $42,000,000 annually on food & dining, priming this asset for success as it caters well to the demographic's needs.
- Burger King is on lease through 2027 with four five-year renewal options, and the land is currently under a ground lease through 2047 with the state.
- Asset features a drive-thru, multiple egress/ingress points, ample surface-level parking, and highly visible pylon signage.
- Property is located on Third Street, a primary thoroughfare and retail corridor, and just 1,000 feet from the signalized intersection with Highway 35.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,848 SF
Building Class
C
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.79 AC
Parking
34 Spaces (18.4 Spaces per 1,000 SF Leased)
Frontage
113’ on Third St
PROPERTY TAXES
| Parcel Number | 3-085C-00-021-00-97-00200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $51,704 |
PROPERTY TAXES
Parcel Number
3-085C-00-021-00-97-00200
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$51,704
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