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Burger King – New Albany, Ms

$1,964,000

106 Park Plaza Drive, New Albany, MS 38652

Active
Last Updated: 02/03/2026

5.5

Cap Rate

108,000

NOI

Details:
Cap Rate:    5.5%
NOI:    $108,000
Building Size:    2,934 sqft
Lot Area:    0.66 hectare
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    1995
Zoning:    C
Tenancy:    Single
Lease Expire Year:    07/31/2038
Highlights:
  • ABSOLUTE NNN LEASE: 12+ years remaining on Absolute NNN lease with an attractive 8% rental escalations! Next escalation - August 1, 2028!
  • TENANT: Nashville Quality, LLC is a subsidiary of Carrols Restaurant Group and a wholly owned subsidiary of Restaurant Brands International “RBI”, the parent company of Burger King, which completed its $1 billion acquisition of Carrols in May 2024, making RBI its own largest U.S. franchisee and integrating Carrols’ 1,000+ Burger King and Popeyes locations into its portfolio.
  • SEASONED SALES LOCATION: Successfully open and operating for decades (recent lease extension) with an ATTRACTIVE 6.97% (YE 2025) - Rent to Sales Ratio!
  • DENSE RETAIL CORRIDOR: Conveniently located at the interchange of Interstate 22 & Hwy 30 - Dominant retail corridor and adjacent to Walmart Supercenter, Lowe’s Home Improvement, Harbor Freight, Tractor Supply Co., etc.
  • TRAFFIC COUNTS: Well-positioned on a ±0.66-acre lot with exceptional visibility from Interstate 22 (29,345 CPD) and access from Hwy-30 with traffic counts of 12,447 CPD!
  • 2025 DEMOGRAPHICS: Total Population (5MI): 12,710 | Average Household Income (1MI): $93,878
Description:

Burger King has 12+ years remaining on Absolute NNN lease with an attractive 8% rental escalations! Next escalation - August 1, 2028! The Tenant, Nashville Quality, LLC is a subsidiary of Carrols Restaurant Group and a wholly owned subsidiary of Restaurant Brands International “RBI”, the parent company of Burger King, which completed its $1 billion acquisition of Carrols in May 2024, making RBI its own largest U.S. franchisee and integrating Carrols’ 1,000+ Burger King and Popeyes locations into its portfolio. Burger King is Successfully open and operating for decades (recent lease extension) with an ATTRACTIVE 6.97% (YE 2025) - Rent to Sales Ratio!
The Asset is Conveniently located at the interchange of Interstate 22 & Hwy 30 - Dominant retail corridor and adjacent to Walmart Supercenter, Lowe’s Home Improvement, Harbor Freight, Tractor Supply Co., etc. It is Well-positioned on a ±0.66-acre lot with exceptional visibility from Interstate 22 (29,345 CPD) and access from Hwy-30 with traffic counts of 12,447 CPD!
Nearby major retailers include Walmart, Lowe’s, Tractor Supply Co., Harbor Freight, Hibbett Sports, Cato, Shoe Show, Roses Discount Store, Factory Connection, Reed’s Market, Sherwin-Williams, Verizon, AT&T, Dollar General, Dollar Tree, Walgreens, AutoZone, O’Reilly Auto Parts, Napa Auto Parts, GameStop, Goodwill, Salvation Army Thrift Store, Anytime Fitness, etc.; Dining options include Cracker Barrel, McAlister’s Deli, KFC, Taco Bell, McDonald’s, Sonic Drive-In, Wendy’s, Popeyes, Zaxby’s, Pizza Hut, Domino’s Pizza, Little Caesars Pizza, Captain D’s, Subway, Waffle House, Huddle House. Burger King is 3 minutes (less than 1 mile) to Baptist Memorial Hospital Union County - a 153-bed community hospital providing comprehensive care, including a 24/7 emergency department, maternity services with LDR rooms, a Level II nursery and lactation support, surgical services, advanced diagnostics (CT, PET, and mammography), a sleep lab, and Telehealth. Recognized for clinical excellence, the hospital has earned an “A” Safety Grade from Leapfrog, a 5-star CMS rating, and consistently high patient satisfaction scores. It continually reinvests in advanced technology to better serve Mid-South residents, with a strong commitment to caring for medically underserved communities.

Map:
Documents:
Title
burgerking.newalbany_PKG.pdf
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Location
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