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Rally's 5804 Terry Rd 1,200 SF Retail Building Byram, MS 39272 $1,250,000 ($1,041.67/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Absolute Triple Net (NNN) Lease | At closing the tenant will execute a brand-new 15-year absolute triple net lease.
- Strong Franchisee Guarantee | The lease will feature an excellent guarantee from JJB Burgers.
- Attractive Rent Increases | The lease will feature scheduled increases of 10% Every 5 Years.
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Rally's located at 5804 Terry Road, Byram, MS 39272. This Rally's is subject to a 15-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $78,125 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,200 SF
Year Built
2024
Price
$1,250,000
Price Per SF
$1,041.67
Cap Rate
6.25%
NOI
$78,125
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.84 AC
Parking
6 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
149’ on Terry Road
NEARBY MAJOR RETAILERS
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Rally's | 5804 Terry Rd
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