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4302 State St
Jackson, MS 39206
Burger King · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – Tenant is responsible for the direct payment of all taxes, insurance, and common area maintenance associated with the property, p
- Franchisee Operated – Operated by GPS Hospitality, LLC, which operates nearly 400 restaurants in 13 different states across the country. GPS was also
- Retail Synergy – The site is located on the main retail artery and thoroughfare in Jackson, MS. Burger King joins CVS, Walgreens, Western Union Bank,
- Recent Lease Extension – Burger King recently extended their lease early for an additional 10 years, showing their commitment to this location. They h
- Four, 5-Year Options Remain – The Current lease expires in June of 2035, and the tenant has Four (4) Five year lease extension options.
- 1 Mile from I-55 – The site is located 1 mile from I-55, which sees over 105,000 Vehicles Per Day, and Meadowbrook Rd. sees over 11,000 Vehicles per d
EXECUTIVE SUMMARY
Broker of Record
Phillip Carpenter
License # C-11708 (MS)
Matthews Real Estate Investment Services
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
Phillip Carpenter
License # C-11708 (MS)
Matthews Real Estate Investment Services
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,494 SF
Building Class
B
Year Built
1984
Price
$1,238,461
Price Per SF
$354.45
Cap Rate
6.50%
NOI
$80,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.45 AC
Zoning
C - Commercial
Parking
20 Spaces (5.72 Spaces per 1,000 SF Leased)
Frontage
60’ on State St
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 0430-0020-002 | Improvements Assessment | $40,910 |
| Land Assessment | $11,762 | Total Assessment | $52,672 |
PROPERTY TAXES
Parcel Number
0430-0020-002
Land Assessment
$11,762
Improvements Assessment
$40,910
Total Assessment
$52,672
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