Burger King
Single-Tenant Offerings
Burger King
101 Lakewood Drive
Batesville (Memphis CSA), MS
- Price:
- $1,577,000
- Cap Rate:
- 6.25%
- NOI:
- $98,568
- Rentable SQFT:
- 4,161 SF
- Year Built:
- 1995/2012
- Lot Size:
- 0.69 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 15 Years Remaining with 10% Increases Every 5 Years in Base Term
- Absolute NNN Lease, No Landlord Responsibilities
- Largest Burger King Franchisee in the World with 1,090 Locations (NASDAQ: Tast)
- Open for Drive-Thru and Takeout Service, Classified Nationally as an “Essential Retailer”
- Burger Fast Food Chains Generate Approximately 70% of Revenue from Drive-Thru
- Serving Over 34,000 Residents in Primary Trade Area, Only Burger King in Panola County
- Highly Visible to 26,000 Cars/Day, Hard Corner Location at Signalized Intersection
- Just Off I-55 with 22,000 Cars/Day, Direct Access to Downtown Memphis and Jackson
- Adjacent to Kroger and Burke’s Outlet Anchored Shopping Center
- Dense Retail Corridor, Down the Street from Walmart Supercenter, Lowe’s, Tractor Supply, and Many More
- Strong Daytime Population, Over 7,200 Employees in Trade Area
- Close Proximity to Several K-12 Schools, Over 4,800 Students in South Panola School District
- Minutes to Sardis Lake with 5 Million Visitors Annually
- Surrounded by 9 Hotels, Outparcel to Hampton Inn
- Southeast of Tunica Casino Resort Area with 12 Million Visitors Annually, 3rd Largest Gaming Area in U.S.
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