2505 Highway 80Jackson, MS 39204

Property Details for 2505 Highway 80

Year built

1984

Lot size

0.86 AC

Property size (Sq ft)

2,382 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a Popeyes restaurant located at 2505 Hwy 80 W, Jackson, MS 39204. The property encompasses a 2,382 square foot building situated on a 0.86-acre lot. The property benefits from a long-term, 20-year triple-net (NNN) lease with a franchisee tenant, commencing December 20, 2019, and expiring December 31, 2039. This leaves a substantial remaining lease term of approximately 15.1 years. The current annual net operating income (NOI) stands at $81,000, translating to a compelling 6.25% cap rate and a price per square foot of $544.08. The lease includes attractive terms, featuring annual rent increases of 1% commencing in 2030, and six five-year tenant renewal options, ensuring long-term income stability. Built in 1984, this strategically located property is approximately two miles from downtown Jackson, offering excellent visibility and access to a substantial customer base. This is a rare opportunity to acquire a stable, high-performing, quick-service restaurant investment with significant upside potential. The property is 100% occupied.

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.2916

Longitude

-90.2297

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