Burger King NNN Property For Sale — Columbus, MS · $2.92M
Columbus, MS 39702
Single-tenant net-leased Burger King property located at 119 Alabama Street in Columbus, Mississippi. The investment features an absolute triple-net (NNN) lease with approximately 15 years remaining on the original 20-year term and zero landlord responsibilities. The lease includes attractive 1.50% annual rental increases and four 5-year renewal options. The location is operated by Carrols Restaurant Group (NASDAQ: TAST), one of the largest restaurant operators and franchisees in the nation, with a guaranty from New CFH, LLC (a subsidiary with over 200 units). The asset is positioned in a dense retail corridor alongside prominent national retailers including Walgreens, Food Giant, Dollar Tree, AutoZone, Dollar General, Wendy's, and KFC, benefiting from strong daily traffic counts.
- Address: Columbus, MS 39702
- Asking price $2.92M
- 6.25% cap rate
- NOI $182,606
- 15 years remaining
- NNN lease
- Rent increases: 1.50% annually
- Guarantor: Corporate
Location
This Burger King property is in Columbus, Mississippi.
Asset type: QSR