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Checkers 509 S Gloster St 979 SF Retail Building Tupelo, MS 38801 $1,285,000 ($1,312.56/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Proven Operator with Over 30 Year of Experience in the Industry.
- Situated Within a Retail Corridor and Surrounded by National Retailers Including AutoZone, Jimmy John's, McDonald's, Subway, Taco Bell and Wendy's.
- Checkers and Rally's Operate Over 820 Locations in 28 States.
- Excellent Visibility with Frontage and Signage Along Hwy 278 Which Has daily traffic counts exceeding 13,400 vehicles.
- Easily Accessible Featuring a Convenient Double Drive-Thru and Walk-Up Window.
EXECUTIVE SUMMARY
Absolute NNN Lease | Zero Landlord Responsibilities. 25-Year Sale Leaseback Commencing at Close of Escrow. Brand New Site Equipped with Outdoor Patio.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
979 SF
Building Class
A
Year Built
2019
Price
$1,285,000
Price Per SF
$1,312.56
Cap Rate
7%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.46 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 113A-06-007-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $51,512 |
PROPERTY TAXES
Parcel Number
113A-06-007-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$51,512
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Checkers | 509 S Gloster St
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