5016 Raymond Ave Tupelo, MS 38801

This exceptional investment opportunity presents a 3,564 square foot Hardee's restaurant located at 5016 Raymond Ave, Tupelo, MS 38801, in Lee County. The property sits on a 1.15-acre lot and boasts a strong 6.50% cap rate, generating a net operating income (NOI) of $27,321. Built in 1985 and currently operating at 100% occupancy, this single-tenant, net-lease (NNN) property offers significant advantages. The tenant, part of the large Carl Karcher Enterprises (CKE) restaurant group, benefits from a long operating history at this location, further enhanced by recent remodeling. The lease includes two, five-year options, providing long-term stability. Importantly, the rent paid by Hardee's is significantly below the national average for comparable locations, offering a compelling value proposition. The lease also incorporates a percentage rent clause, ensuring NOI growth alongside increased tenant sales. This absolute NNN lease structure shifts all expenses to the tenant, providing a truly passive income stream for the investor. The asking price for this well-established, high-performing property is $420,323. This is a rare opportunity to acquire a low-risk, high-return investment in a proven, national brand.