Jack’s Family Restaurants

841 Adams Street, Laurel, MS
Deal Type:
Sale Leaseback
Price:
$1,583,333
Cap Rate:
6.00%
Current Rent:
$95,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Renewal Options:
4, 5-year options
Building Sq. Ft.:
3,572
Rent Increases:
10% every 5 years

Investment Highlights

  • Corporately guaranteed by all 250+ Jack’s locations
  • “Built-in” credit enhancement – Jack’s is growing by approximately 20 new locations per year
  • Extremely conservative rent to sales ratio
  • Brand-new, high-quality construction
  • Situated adjacent to the entrance and exit ramps to Interstate 59 which has a traffic count of 40,000 VPD combined
  • Property sits across the street from South Central Regional Medical Center, a 285-bed public not-for-profit hospital. Hospital has more than 80 physicians on staff representing 28 medical specialties with over 2,100 employees throughout the health system.
  • Affluent submarket as the average household income is ~ $67,000 within a five mile radius of the store
  • Strong local presence from other name brand tenants such as McDonald’s, Dollar General, Burger King, CVS, etc.

Listing Agents

Adam English

Managing Director
256 694 9803
[email protected]

Adam Baxter

Vice President
205 394 3520
[email protected]

Mississippi Broker of Record: Dean Copans, Lic: #24178

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