3502 Us-80Pearl, MS 39208

For Sale
$1,286,000

Mississippi QSR investment opportunity. 7.9 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
95
This exceptional investment opportunity presents a 2,387 square foot, single-tenant, absolute NNN leased property located at 3502 US-80 in Pearl, Mississippi, 39208. The property, built in 1976 and situated on a 0.5-acre lot, boasts 24 parking spaces and excellent visibility from Highway 80, which sees approximately 42,100 vehicles per day. The tenant, Krystal, a well-established quick-service restaurant chain with approximately 300 locations across 10 states, is backed by a corporate guarantee and enjoys a strong financial position. The current lease, commencing September 20, 2012, and expiring September 30, 2032, has 7.9 years remaining on the base term, with six, 5-year options including 1.25% annual rent bumps. The property generates a net operating income (NOI) of $90,000, resulting in a 7.00% cap rate. The asking price is $1,286,000. The property benefits from its proximity to Hinds Community College, Pearl Elementary & Jr High Schools, and numerous retail establishments including Kroger, Harbor Freight Tools, and others. Its location is also convenient to Jackson-Medgar Wiley Evers International Airport and The Outlets of Mississippi. This is a low-maintenance, high-return investment with a strong tenant and a long-term lease. The property's Class B designation reflects its solid condition and operational efficiency. The investment is further enhanced by the tenant's impressive growth trajectory and its ranking as #15 on QSR Magazine's top "50 Brands Ready to Break Through." This is a rare opportunity to acquire a stable, high-performing asset in a desirable location.

Highlights

  • Corporately guaranteed lease with Krystal, a quick-service restaurant with approximately 300 locations.
  • Krystal is backed by SPB Hospitality, owned by Fortress Investment Group, a global investment manager with ~$45.8B AUM.
  • Ranked #15 on QSR Magazine's "50 Brands Ready to Break Through."
  • Absolute NNN lease; zero landlord responsibilities.
  • High visibility from Highway 80, with approximately 42,100 vehicles per day.
  • Eight years remaining on the base lease term with six, five-year options and 1.25% annual rent bumps.

Property Details for 3502 Us-80

Property type
Other retail properties, Restaurants
Square Feet
2,387 SF
Class
B
Year Built
1976
Buildings
1
Lot Size (sq. ft)
21,780 SF
Units
1

Location Insight

City
Pearl
County
Rankin
State
Mississippi
Latitude
32.2841779
Longitude
-90.1015126
3502 Us-80, Pearl, Mississippi

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3502 Us-80
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