Cap Rate: 6.35%
Net Operating Income: $72,000
Square Footage: 1,860
This is an absolute net leased C-Store offering in Jackson, MS. The Valero branded station has a new 20 year absolute NNN lease and calls for 1.75% Annual Increases in rent. The lease is corporately guaranteed by a leading 462-unit operator. This location benefits from its location on a major commercial thoroughfare.
Jackson is the capital city of Mississippi. The statewide Mississippi Freedom Trail runs through the city, encompassing a number of historic sites that were significant in the civil rights movement. These include the Medgar Evers Home Museum and the landmark Mississippi State Capitol building. In leafy LeFleur’s Bluff State Park, the Mississippi Museum of Natural Science includes an aquarium and nature trails.