3316 Pemberton Square BlvdVicksburg, MS 39180

Property Details for 3316 Pemberton Square Blvd

Year built

1987

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

5,519 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

108-12-30 -9999- -0008.07

APU

10812309999000807

Description

This exceptional investment opportunity presents a brand-new, fee-simple Zaxby's restaurant in Vicksburg, Mississippi. The property boasts a 3,500-square-foot building situated on a one-acre lot at 3316 Pemberton Square Blvd, zip code 39180. Secured by a 20-year triple-net (NNN) lease with a franchisee tenant, this investment offers a stable and predictable income stream. The annual net operating income (NOI) is $161,000, yielding a 6.25% cap rate. The lease commenced in 2024 and includes a 10% rent increase every five years, ensuring future growth. This location benefits from its proximity to a high-performing Walmart Supercenter and a dense retail corridor including Kroger, Home Depot, TJ Maxx, Dillard's, Belk, and Starbucks. High daily traffic counts on Pemberton Square Blvd (6,700 vehicles) and nearby major roadways (78,000 vehicles) further enhance the property's value and potential. This is a rare opportunity to acquire a strong-performing, long-term net lease investment in a prime retail location. The asking price is $2,576,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,287,860

  6.5%

  $1,188,794

  7%

  $1,103,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,060,905

  Geo Method

  $1,084,258

• Alternative Use

  Use

  Valuation

  Residential

  $1,002,792

  Hospitality

  $918,552

  Educational

  $764,225

  Medical

  $790,508

  Retail

  $1,188,794

Location Insight

City

Vicksburg

County

Warren

State

Mississippi

Latitude

32.3158

Longitude

-90.8793

CBSA code

46980

CBSA name

VICKSBURG, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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