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1863 Main St
Madison, MS 39110 Outer Ridgeland/Madison

$3,818,000 USD

Fast Food For Sale  •  2,810 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,810 SF
  • Lot Size 0.9 AC
  • Building Class C
  • Year Built 2003
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning C
50 Walk Score

Highlights

2024 Redevelopment & Covered Double Drive-Thru with Digital Menu Boards
Absolute NNN Lease | 13 years remaining and three, five-year options with 7% rent increases | Zero landlord responsibilities
City of Madison – Growing & Highly Recognized | Ranked #1 in several categories including income, safety and lifestyle
15-Min Drive: New Amazon data center campuses (largest capital investment in state's history) | $500 million transformation of Nissan North America
Front Row to Area's Main Retail Corridor | Shares access with Lowe's | Signalized, hard corner of Main Street, 1,000' from I-55 exit
Walmart Shadow property | 10-min drive to Barnett Reservoir (2.5 million annual visitors) and Natchez Trace Parkway (7.9 million annual visitors)

Property Flyers

Financial Summary (Actual)

Net Operating Income: $210,000 USD (2024)
Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Whataburger 2,810 SF 3/31/2039

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Jackson-Medgar Wiley Evers International 31 min - 19.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Ryan Roedersheimer 513-504-4046 Northmarq
Ryan Roedersheimer 513-504-4046 Northmarq