Burger King NNN — Ripley, MS

$2,400,000 · 6.33% CAP · 11.2 YRS

Ripley Burger King is $2.4 million at 6.33% on a corporate Absolute NNN with 11.2 years left, a 2,973-SF 2016 building. Rent steps 7.5% every five years through four 5-year options; NOI is $151,844.

Lease Abstract

Price

$2,400,000

Cap rate

6.33% CAP

NOI

$151,844

Term remaining

11.2 YRS

Lease type

Absolute NNN

Increases

7.5% Every 5 Years

Options

4x5-year

Guarantee

Corporate

Building

2,973 SF

Year built

2016

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Location

Ripley, Mississippi. Full address and offering memorandum released on request — see our Burger King tenant guide for the underwriting context.