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106 Park Plaza Dr
New Albany, MS 38652
BURGER KING (STRONG SALES) – NEW ALBANY, MS · Retail Property For Sale
Investment Highlights
- ABSOLUTE NNN LEASE: 12+ years remaining on Absolute NNN lease with an attractive 8% rental escalations! Next escalation - August 1, 2028!
- SEASONED SALES LOCATION: Successfully open and operating for decades (recent lease extension) with an ATTRACTIVE 6.97% (YE 2025) - Rent to Sales Ratio
- TRAFFIC COUNTS: Well-positioned on a ±0.66-acre lot with exceptional visibility from Interstate 22 (29,345 CPD) and access from Hwy-30
- TENANT: Nashville Quality, LLC is a subsidiary of Carrols Restaurant Group and a wholly owned subsidiary of Restaurant Brands International “RBI”
- DENSE RETAIL CORRIDOR: Conveniently located at interchange of Interstate 22 & Hwy 30 - Dominant retail corridor and adjacent to Walmart Supercenter
- 2025 DEMOGRAPHICS: Total Population (5MI): 12,710 | Average Household Income (1MI): $93,878
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,934 SF
Building Class
B
Year Built
1995
Price
$2,684,886 CAD
Price Per SF
$915.09 CAD
Cap Rate
5.50%
NOI
$147,641 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.66 AC
Zoning
C
Frontage
75’ on Park Plaza Dr
Amenities
- 24 Hour Access
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 019N-07-012.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $109,751 CAD |
Property Taxes
Parcel Number
019N-07-012.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$109,751 CAD
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