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Burger King 211 Handley Blvd

2,953 SF Retail Building Byram, MS 39272 £1,568,953 (£531/SF) 6.50% Net Initial Yield

Investment Highlights

  • Long Term 20-Year NNN Lease | More than 7 Years Remaining
  • Attractive Two Percent (2%) Rental Increases Annually
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

Executive Summary

NNN Properties, LLC is pleased to present the exclusive listing for a Burger King located at 211 Handley Boulevard in Byram, Mississippi. The site consists of roughly 2,953 rentable square feet of building space on estimated 0.93-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on April 13, 2012 and has more than 7 years remaining. The current annual rent is $129,468 and is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,953 SF
Building Class
B
Year Built
2011
Price
£1,568,953
Price Per SF
£531
Net Initial Yield
6.50%
NOI
£101,982
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.93 AC
Frontage
109 ft on Handley Blvd

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru
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Nearby Major Retailers

Starbucks
McAlister's Deli
Cadence Bank
Planet Fitness
Regions Bank
Back Yard Burgers
Waffle House
Anytime Fitness
Krystal

PROPERTY TAXES

Parcel Number 0023-8000-004 Improvements Assessment £35,962
Land Assessment £13,736 Total Assessment £49,698

PROPERTY TAXES

Parcel Number
0023-8000-004
Land Assessment
£13,736
Improvements Assessment
£35,962
Total Assessment
£49,698
(332) 345-4222

Contacts

  • Listing ID: 33202431

  • Date on Market: 17/09/2024

  • Last Updated:

  • Address: 211 Handley Blvd, Byram, MS 39272

The Retail Property at 211 Handley Blvd, Byram, MS 39272 is currently available for sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

Burger King | 211 Handley Blvd
(332) 345-4222 x

Burger King | 211 Handley Blvd

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Russell Wachtler

(332) 345-4206

(332) 345-4206

Edward DeMatteis

(917) 623-1610

(917) 623-1610

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