24 Sgt Prentiss Dr 3,470 SF Retail Building Natchez, MS 39120 $2,122,343 CAD ($611.63 CAD/SF) 6.24% Cap Rate

he Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 24 Sgt Prentiss Drive, a 3,528 SF single-tenant NNN KFC drive-thru restaurant situated on 1.10 acres (47,916 SF) in Natchez, Mississippi. The property is positioned along U.S. Highway 61 (Sgt Prentiss Drive), one of the city’s primary commercial corridors with traffic counts of more than 25,000 vehicles per day.
The offering presents investors with a stable passive income stream backed by KFC, one of the most recognizable quick-service restaurant brands in the world, operated by Franchise Management Inc. (FMI), a large multi-unit restaurant operator with more than 400 locations across the United States and Canada. The property is leased on an absolute NNN lease, providing minimal landlord responsibilities.
KFC at 24 Sgt Prentiss Drive has successfully operated at this location since 2016 and currently has a lease in place through December 31, 2030, providing approximately 4.8 years of remaining firm lease term. The tenant pays $7,926.11 per month ($2.25/SF) under an absolute NNN lease structure. The lease includes 7% rental increases every five years within the option periods and features three (3) additional five-year renewal options, offering potential long-term income stability.
The property sits on a 1.10-acre parcel with 56 dedicated parking spaces, equating to a parking ratio of 15.87 spaces per 1,000 SF, allowing the site to efficiently accommodate high drive-thru and in-store customer traffic. The large parcel size and functional layout provide excellent circulation for quick-service restaurant operations.
24 Sgt Prentiss Drive is located along U.S. Highway 61, a major north-south corridor that serves as a primary retail and commuter route through Natchez. The surrounding trade area features a mix of national retailers, restaurants, and service businesses that benefit from consistent daily traffic and the area’s role as a regional hub for southwest Mississippi and nearby Louisiana communities.