137 E Pineview Dr
Flowood, MS
Price:
$1,923,000
Cap Rate:
6.50%
NOI:
$125,000
Building Size:
Approx. 510 Sq. Ft.
Lot Size:
Approx. 1.16 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2023
Investment Overview
- 2023 Construction. 510+/- SF Building on 1.16+/- Acre Site
- New 20-Year Ground Lease with 10% Rental Increases Every 5 Years Plus (4), 5-Year Options to Renew
- Located on Lakeland Dr (38,000+ VPD), the Main East-West Corridor of Flowood that Leads into Jackson
- Part of a Massive 100+ Acre Mixed Use Development with a Proposed 2 Mile Trail that will Connect 23,000 Homes to this Development
- One of the Fastest Growing Areas in the State of Mississippi, & 1,3,5 Mile Radius Average HH Income is Over $115,000
- Unlike Most Coffee Chains, 7 Brew’s Unique Business Model Centers Solely on Drive-Thru Business and sees over $2.4M in Annual Revenue
- Flowood | 5 Miles from Jackson | Population: 157,026+