December 27, 2021 – Luke Thomson, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Burger King in Meridian, Mississippi. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,325,000.
Burger King is located at 2413 North Hills Street in Meridian, Mississippi. The stand-alone building consists of 2,765 square feet on 0.84-acres of land. This is a new construction Burger King completed in 2021 with Burger King’s newest architectural design. The Property has a 20-year ground lease with four, 5-Year renewal options. The lease calls for an 8.0% increase every five years throughout the base term and 10% increases at the start of each renewal option. Burger King is extremely well located along the area’s main commercial corridor, less than 0.25-miles from the signalized intersection with Highway 439 (Poplar Springs Drive). The property benefits from the strong traffic counts and is surrounded by national retailers driving traffic to the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.