For Sale
$1,936,000

14860 Main St Louisville, MS 39339

Mississippi QSR, High ROI, Long Lease

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This fee-simple retail property in Louisville, Mississippi, offers a compelling investment opportunity. The 3,063 square-foot Burger King restaurant sits on a 1.3-acre lot and is operating under a 20-year absolute triple-net (NNN) lease, commencing July 18, 2018, and expiring July 31, 2038. With over 13.7 years remaining, this investment boasts a 6.25% cap rate and a current annual net operating income (NOI) of $121,000. The lease includes a 10% rent increase every five years, and four 5-year renewal options. Built in 2017, the property enjoys 100% occupancy and a price per square foot of $632.06. The asking price is $1,936,000. Located at 14860 W Main St, Louisville, MS 39339, this franchisee-operated Burger King presents a stable, long-term investment with significant upside potential due to the built-in rent escalations. The property is a single-tenant, fee-simple ownership.

Property Details for 14860 Main St

Property type
Retail properties
Square Feet
3,063 SF
Year Built
2017
Lot Size (sq. ft)
56,628 SF

Location Insight

City
Louisville
County
Winston
State
Mississippi
Latitude
33.1240699
Longitude
-89.0829625

FAQs

What type of property is this?
Retail property - Mississippi QSR, High ROI, Long Lease
Where is the retail property located?
The property is located at 14860 Main St Louisville, MS.
What is the asking price?
The asking price for this property is $1,936,000.
How can I contact the broker?
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14860 Main St
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