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Popeyes 4725 Clinton Blvd 2,628 SF Retail Building Jackson, MS 39209 $1,276,923 ($485.89/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term NNN Lease with Minimal Landlord Responsibility
- Scheduled Annual Rent Increases
- Established Operator with Large Portfolio
- Attractive Price Point Below Replacement Cost
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Popeyes located at 4725 Clinton Blvd, Jackson, MS 39209. The site consists of roughly 2,628 rentable square feet of building space on an estimated 0.32-acre parcel of land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2019. The current annual rent is $83,000 and has scheduled increases of 1.00% annually beginning January 2030.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,628 SF
Building Class
C
Year Built
2003
Price
$1,276,923
Price Per SF
$485.89
Cap Rate
6.50%
NOI
$83,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.32 AC
Parking
16 Spaces (6.09 Spaces per 1,000 SF Leased)
Frontage
60’ on Clinton Blvd
AMENITIES
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 0638-0040-001 | Improvements Assessment | $28,659 |
| Land Assessment | $4,917 | Total Assessment | $33,576 |
PROPERTY TAXES
Parcel Number
0638-0040-001
Land Assessment
$4,917
Improvements Assessment
$28,659
Total Assessment
$33,576
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Popeyes | 4725 Clinton Blvd
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