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Rally's 5804 Terry Rd

1,200 SF Retail Building Byram, MS 39272 £983,562 (£820/SF) 6.25% Net Initial Yield

Investment Highlights

  • 15-Year Absolute Triple Net (NNN) Lease | At closing the tenant will execute a brand-new 15-year absolute triple net lease.
  • Strong Franchisee Guarantee | The lease will feature an excellent guarantee from JJB Burgers.
  • Attractive Rent Increases | The lease will feature scheduled increases of 10% Every 5 Years.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Rally's located at 5804 Terry Road, Byram, MS 39272. This Rally's is subject to a 15-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $78,125 and has scheduled increases of 10.00% every 5 years.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,200 SF
Year Built
2024
Price
£983,562
Price Per SF
£820
Net Initial Yield
6.25%
NOI
£61,473
Tenancy
Single
Number of Floors
1

Nearby Major Retailers

Back Yard Burgers
Waffle House
Starbucks
McAlister's Deli
Cadence Bank
Planet Fitness
Regions Bank
Krystal
Anytime Fitness
  • Listing ID: 34233052

  • Date on Market: 18/12/2024

  • Last Updated:

  • Address: 5804 Terry Rd, Byram, MS 39272

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