1863 Main StMadison, MS 39110

Property Details for 1863 Main St

Year built

2003

Lot size

0.90 AC

Property size (Sq ft)

2,660 SF

Property type

Turn key restaurants

APN

072C-07A-003/01

APU

072C07A00301

Description

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2,810 square-foot Whataburger restaurant in Madison, Mississippi. Located at the prime intersection of Main Street and Grandview Boulevard, this single-tenant, absolute NNN lease boasts a corporate guarantee and a remaining lease term of 14.4 years, expiring March 31, 2039. The lease features three, five-year options with a 7% rent increase at each option. The property sits on a 0.90-acre lot (39,292 sq ft) within a thriving retail corridor, shadow-anchored by Walmart and surrounded by other national retailers. The property benefits from high visibility and excellent access, with over 55,000 vehicles passing daily. Madison, MS is a high-growth area, recognized as one of Mississippi's safest and most successful cities, boasting a high median household income ($127,603) and average household income ($167,020) within a three-mile radius. The property's strong performance is reflected in its current 100% occupancy and a Net Operating Income (NOI) of $210,000, yielding a 5.00% cap rate. The asking price is $4,200,000. The building was renovated in 2024. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $563,398

  6.5%

  $520,060

  7%

  $482,912

• Comparable approach

  Method

  Valuation

  Relative Method

  $511,326

  Geo Method

  $1,307,526

• Alternative Use

  Use

  Valuation

  Residential

  $438,690

  Hospitality

  $401,837

  Educational

  $334,324

  Medical

  $345,822

  Retail

  $520,060

Location Insight

City

Madison

County

Madison

State

Mississippi

Latitude

32.4683

Longitude

-90.1312

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].