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225 Pinola Dr SE 2,550 SF Retail Building Magee, MS 39111 $1,057,000 ($414.51/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Franchise Management Inc. (FMI) is one of the largest Pizza Hut, KFC and Taco Bell franchise operators and owns and operates more than 400 locations
- Absolute NNN - Zero Landlord Responsibilities
- Low Rent
- Long term operating history and complete store remodel (within the last 10 years) shows their commitment to this location
- Located just off of US Hwy 49 with 24,038 VPD
- Nearby Retailers Include: Dollar General, Circle K, Napa Auto Parts, AutoZone, Dairy Queen, McDonald's, and more
EXECUTIVE SUMMARY
Silber Investment Properties is pleased to Exclusively present an opportunity to own a free standing, single tenant, Absolute NNN retail property in the heart of Magee, MS.
Well positioned on Pinola Drive with great visibility and easy access for customers also driving on US Hwy 49, this location provides no shortage of potential customers. The combination of below market rent and long term operating history from a strong and experienced operator (FMI operates 400+ Pizza Hut, KFC and Taco Bell locations across Canada and the United States.) that recently remodeled the store, provides comfort for an investor, and because there are zero landlord responsibilities, this makes it an ideal, management-free investment opportunity.
Well positioned on Pinola Drive with great visibility and easy access for customers also driving on US Hwy 49, this location provides no shortage of potential customers. The combination of below market rent and long term operating history from a strong and experienced operator (FMI operates 400+ Pizza Hut, KFC and Taco Bell locations across Canada and the United States.) that recently remodeled the store, provides comfort for an investor, and because there are zero landlord responsibilities, this makes it an ideal, management-free investment opportunity.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,550 SF
Building Class
C
Year Built/Renovated
1990/2019
Price
$1,057,000
Price Per SF
$414.51
Cap Rate
7%
NOI
$73,989
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.10 AC
Opportunity Zone
Yes
AMENITIES
- Signage
- Drive Thru
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4-183B-00-00700-168-00100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $83,383 |
PROPERTY TAXES
Parcel Number
4-183B-00-00700-168-00100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$83,383
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225 Pinola Dr SE
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