3282 N Gloster St 3,941 SF Retail Building Tupelo, MS 38804 $2,820,300 CAD ($715.63 CAD/SF) 7.75% Cap Rate

This long term NNN restaurant investment opportunity is in the 1st year of a 10 year initial term. The operator, Waldo's Chicken and Beer, has 27 locations and counting in 7 States. This location is corporately owned. Surrounded by Destination Retail & Dining this location on North Gloster Street just off Barnes Crossing Rd and Highway 45, is part of a thriving commercial zone anchored by Walmart Supercenter, SAMS’s Club, Target (under construction), Lowe’s and the Mall at Barnes Crossing including Dick’s Sporting Goods, Belk, and Barnes and Noble. Proximity to Tupelo’s primary shopping centers makes this a natural dining stop for shoppers, families, and professionals. This retail district has direct access to major traffic arteries I-22 and US-45, which allows for the capture of local and regional traffic (US Highway 45: ±35,000 vehicles per day (VPD); Barnes Crossing Rd: ±18,000 VPD; I-22 Interchange: ±30,000 VPD). Nearby hotels Hampton Inn and Suites and Best Western and other lodging options provide for a built-in out-of-town customer base. Dinner-and-a-Movie is an option for patrons as MALCO theaters is adjacent. The property offers excellent visibility, accessibility, from controlled access signalized intersections with easy ingress/egress. This pocket of Tupelo is a consistent growth corridor experiencing steady commercial development, making it a low-risk, high-upside location for investment.