5016 Raymond AveTupelo, MS 38801

Property Details for 5016 Raymond Ave

Year built

1986

Construction

STEEL FRAME

Lot size

1.15 AC

Property size (Sq ft)

3,564 SF

Property type

Turn key restaurants

APN

114N-19-137-01

APU

114N1913701

Description

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.

Location Insight

City

Tupelo

County

Lee

State

Mississippi

Latitude

34.1946

Longitude

-88.7194

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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