BURGER KING

5101 Highway 51, Senatobia, MS 38668
$2,300,000

Cap Rate
5.74%
Price Per SF
$816
Year Built
1997/ R 2012
Leasable Area
2,816 SF
Term Remaining
16.25 YRS
NOI
$132,010

Broker of Record

  • Beau Box
  • License No. B-18361 (MS)
  • (225) 931-3200
  • Beau Box Commercial Real Estate
  • 5500 Bankers Ave.,
    Baton Rouge, LA 70808

LONG TERM STABILIZED INVESTMENT

  • Long Term Lease – There are 16.25 years remaining on the original 20-year lease with two (2), 5-year options for the tenant to extend
  • Strong Hedge Against Inflation – There are 10% increases in rent every 5 years allowing properties to keep up with rising market rents
  • Attractive Tax Benefits – Ownership includes land and improvements, allowing owners to depreciate the improvements over a 39-year depreciation schedule
  • Absolute NNN Lease – Landlord has zero landlord responsibilities, the tenant takes care of insurance, real estate taxes, and maintenance
  • Strong Sales – Past three years’ numbers easily ranking above the national Burger King average

EXCELLENT LOCATION IN STRONG RETAIL AREA

  • Close Proximity to Schools – Next to Northwest Mississippi Community College and Senatobia High School, home to just under 10,000 students
  • Strong Retail Corridor – Other national tenants in the immediate area include Walgreens, Walmart Supercenter, Payless ShoeSource, Murphy USA and Captain D’s, amongst others

SEASONED OPERATOR OF AN EXCELLENT BRAND

  • Publicly Traded Company – Cambridge Franchise Holdings (“CFH”) was recently acquired by Burger King’s largest franchise operator, Carrols Corporation – Carrols is a publicly traded company with over $600 million in assets (2018)
  • Growth Focused Operator – With the addition of approximately 166 Burger Kings and 55 Popeyes, Carrols now operates over 1,000 stores in 20 states and plans to develop approximately 200 more BKs and 70 Popeyes over the next 6 years
  • World Renowned Brand – Burger King first opened in 1954 and today there are 15,000+ BK restaurants in over 100 countries