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- LoopNet Team
938 W Main St
Southaven, MS 38671
Checkers Corporate NNN lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strong Operating History - Tenant has operated at location since 2006
- NNN Lease Structure | No Landlord Responsibilities
- Near Memphis International Airport
- Located Off of I-69 with 63,000 AADT and MainStreet with 27,000 AADT
- Rent to sales ratio under 6%
- Corporate Guarantee
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Signage
- Drive Thru
ABOUT 938 W MAIN ST , SOUTHAVEN, MS 38671
Triple Net Investment Group is pleased to offer for sale an absolute-net corporate Checkers located at 938 Stateline Road W, Southaven, MS 38671. Checkers occupies a 880 square foot rental space on .67 acres of land. The original lease commenced in July 20, 2006. Checkers currently has approximately 7 years lease remaining on the primary lease term with two 10 year options and annual CPI rent increases capped at 1.5%. Checkers has been at this location for close to 20 years and offers a steady investment opportunity with a strong corporate guarantee. This Checkers is located in the downtown area of Southaven, MS with national tenants such as, Big Lots , Kroger, Walgreens, Wendy’s, Taco Bell, Captain D’s, Little Caesars, Kirkland, Subway,and other retail brands. Broker of Record Charlie Montgomery, Jr. Broker Associate NAI UCR Properties 660 Katherine Drive, Suite 304 (Physical) PO Box 321442 (Mailing) Jackson, MS 39232 Main +1 601 981 6800 Fax +1 601 981-6801
PROPERTY TAXES
| Parcel Number | 1086130200000100 | Improvements Assessment | $28,365 |
| Land Assessment | $21,746 | Total Assessment | $50,111 |
PROPERTY TAXES
