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106 Park Plaza Dr
New Albany, MS 38652

$1,964,000 USD

Fast Food For Sale  •  2,934 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,934 SF
  • Lot Size 0.66 AC
  • Building Class B
  • Year Built 1995
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning C
0 Transit Score
50 Walk Score

Highlights

ABSOLUTE NNN LEASE: 12+ years remaining on Absolute NNN lease with an attractive 8% rental escalations! Next escalation - August 1, 2028!
TENANT: Nashville Quality, LLC is a subsidiary of Carrols Restaurant Group and a wholly owned subsidiary of Restaurant Brands International “RBI”
SEASONED SALES LOCATION: Successfully open and operating for decades (recent lease extension) with an ATTRACTIVE 6.97% (YE 2025) - Rent to Sales Ratio
DENSE RETAIL CORRIDOR: Conveniently located at interchange of Interstate 22 & Hwy 30 - Dominant retail corridor and adjacent to Walmart Supercenter
TRAFFIC COUNTS: Well-positioned on a ±0.66-acre lot with exceptional visibility from Interstate 22 (29,345 CPD) and access from Hwy-30
2025 DEMOGRAPHICS: Total Population (5MI): 12,710 | Average Household Income (1MI): $93,878

Property Flyers

Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Burger King 7/31/2038

Amenities

  • 24 Hour Access
  • Restaurant
  • Signage
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Research In Progress Research In Progress
Research In Progress Research In Progress