


1863 Main St
Madison, MS
Price:
$4,000,000
Cap Rate:
5.25%
NOI:
$210,000
Ownership Type:
Fee Simple
Building Size:
2,810 SF
Lot Size:
0.9 Acres
Lease Type:
Absolute NNN
Term Remaining:
14 Years
Rent Increases:
7% Every 5 Years
Lease Options:
3, 5 Year
Guarantor:
Corporate
The vast majority of corporate Whataburger investments are ground leases. The subject offering includes the land and improvements providing investors with a unique opportunity to acquire a corporately guaranteed Whataburger operating under an absolute NNN lease with no landlord maintenance or management responsibilities.
Situated at the 4-way signalized corner of Main Street (43,766 VPD) and Grandview Boulevard (18,078 VPD), and immediately off of Interstate 55 (79,000+ VPD), the subject property benefits from excellent visibility and access. It is located at the access point to a Lowe’s and across from a Walmart Supercenter and surrounded by national retailers including Sam’s Club, Dick’s Sporting Goods, Michael’s, Academy Sports, and many more.
Within a 3-mile radius, the average household income is $152,969, and the 5-mile population exceeds 71,000. Madison is recognized as one of Mississippi’s most affluent and desirable suburbs, supporting strong retail fundamentals.
View OMSubmit To View OMSenior Managing Director, Investments
(925) 989-8198
jason.hernandez@marcusmillichap.com
Investment Sales
(203) 962-2042
jack.oneill@marcusmillichap.com
Associate
(901) 612-0515
jackson.lyons@marcusmillichap.com