Whataburger – Corporate Guaranteed Lease

1724 Old Fannin Road, Flowood, MS 39232

Property Description

Price: $2,151,000
Land Area: ±1.39 Acres
Cap Rate: 4.50%
Gross Leasable Area: ±3,816 Square Feet
Year Built: 2016

Investment Highlights

Corporate-Guaranteed Absolute NNN Ground Lease with Zero Landlord Responsibilities

Low Price Point with Extremely Low Rent of Just $96,800 Per Year

Backed by One of the Most Desirable QSR Brands, with Over 800 Locations and 43,000 Employees Nationwide

Flowood is Located Just 10 Miles from Jackson, MS and is a Major Hub for Recreational Activity for Residents and Visitors Alike

Excellent Retail Corridor

  • Located Along Old Fannin Road Near Its Intersection with Lakeland Drive (±60,000 Cars Per Day)
  • Lakeland Drive is a Dominant Retail Thoroughfare in Flowood and Provides Direct Access to Downtown Jackson, MS
  • Surrounded by Numerous National Credit Tenants and Complementary Retail Uses, Driving Steady Consumer Flow
  • Robust Nearby Development Activity, Including the Waterpointe Development, a Brand New ±240 Acre Mixed Use Project that will Feature 240+ Luxury Units and Additional Retail, Office, and Recreational SpaceProximity to Major Recreational Destinations Further Enhances Daytime and Evening Traffic

Strong Real Estate Fundamentals

  • Positioned in the Growing and Economically Stable Jackson, MS MSA (Over 600,000 Residents)
  • Large ±1.39-Acre Parcel | Excellent Site Visibility and Access Supports Long-Term Tenant Success
  • Low-Vacancy Submarket with Consistent Retail Demand and Limited Supply Pipeline
  • Excellent Demographics with Average Household Income Exceeding $115,000 Within Three Miles

 

Broker of Record
William “Mickey” Davis – License: #B-15586 – 5100 Poplar Avenue, Suite 2505, Memphis, TN 38137

Contact Information

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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