For Sale
$1,991,815

211 Handley BlvdByram, MS 39272

Mississippi QSR, 7+ Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
98
This exceptional investment opportunity presents a freestanding Burger King restaurant located at 211 Handley Blvd, Byram, MS 39272. The property boasts a 2,953 square foot building situated on a 0.93-acre lot. Currently operating under a triple-net (NNN) lease with a remaining term of over 7 years, expiring December 30, 2031, the lease commenced April 13, 2012, and features a 20-year initial term with four 5-year renewal options. The annual net operating income (NOI) is $129,468, with a 2% annual rent increase built into the lease. The asking price is $1,991,815, representing a 6.50% cap rate. This property offers a strong, stable investment with minimal landlord responsibilities, secured by a significant franchisee, GPS Hospitality, one of the nation's largest Burger King franchisees. The property's location in Byram, Mississippi, provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, high-performing fast-food property with a long-term lease and significant upside potential. The property was built in 2011 and enjoys 100% occupancy.

Property Details for 211 Handley Blvd

Property type
Other retail properties, Restaurants
Square Feet
2,953 SF
Year Built
2011
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Byram
County
Hinds
State
Mississippi
Latitude
32.1871365
Longitude
-90.2628529
211 Handley Blvd, Byram, Mississippi

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211 Handley Blvd
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