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Checkers

$1,070,000

901 N 2nd St, Booneville, MS 38829

Active
Last Updated: 03/21/2025

7.01

Cap Rate

75,000

NOI

Details:
Cap Rate:    7.01%
NOI:    $75,000
Building Size:    1,082 sqft
Lot Area:    1.44 acres
Class:    B
Units:    1
Year Built:    2024
Highlights:
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • 25-Year Sale Leaseback Commencing at Close of Escrow
  • Brand New Site Equipped with Outdoor Patio
  • Proven Operator with Over 30 Year of Experience in the Industry
  • Excellent Visibility with Frontage and Signage Along N 2nd St Which Has Daily Traffic Counts Exceeding 12.600 Vehicles
  • Situated Within a Busy Retail Corridor and Surrounded by National Retailers Including AutoZone, Burger King, Dollar Tree, Tractor Supply Co., Taco Bell, Walmart, and Wendy's
  • Easily Accessible Featuring a Convenient Double Drive-Thru and Walk-Up Window
  • Checkers and Rally's Operate Over 820 Locations in 28 States
Description:

This brand new Checkers & Rally’s offers a 25-year absolute NNN sale-leaseback, ensuring zero landlord responsibilities and a long-term, reliable income stream. Positioned along N 2nd St with 12,600+ daily vehicles, the property boasts excellent visibility and is surrounded by prominent national retailers such as AutoZone, Burger King, Dollar Tree, Tractor Supply Co., Taco Bell, Walmart, and Wendy's. Designed for high traffic, the site features a double drive-thru, walk-up window, and outdoor patio, enhancing customer convenience and accessibility. Backed by a proven operator with over 30 years of industry experience and a strong national brand with 820+ locations across 28 states, this investment offers stability and growth potential in a bustling retail corridor.

Booneville is a city in the U.S. state of Mississippi and is the county seat of Prentiss County. It is located in the hilly North Mississippi region, and ecologically is part of the Southeastern Plains region.

The city of Booneville is nicknamed "the City of Hospitality," in reference to the town's southern hospitality. The city flag, welcome sign, and city website bear the image of a magnolia blossom, a symbol of hospitality as well as the state flower of Mississippi. Booneville was incorporated in 1861 and named after R.H. Boone, a relative of Daniel Boone. The population was 8,743 at the 2010 census. It is one of 21 certified Mississippi retirement cities.

Booneville is home to Northeast Mississippi Community College, the tenth-largest community college by enrollment in the state.

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