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27804525
27804526

109 E Pineview Drive, Flowood, MS 39047

CS
CA 01927216
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
SRS Real Estate Partners Birmingham
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Birmingham
$2,400,000
225 days on market
Updated 16 days ago

New Smalls Sliders | 15-Yr NNN | Flowood, MS (Jackson MSA)

Details
APN H11 000048 00010
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 800
Units 1
Cap Rate 6.25%
NOI $150,000
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King, Wendy's (+4)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/31/2040
Remaining Term 15
Rent Bumps Yes
Lease Options 3 (5-year)
Broker Co-Op Yes
Year Built 2024
Buildings 1
Stories 1
Acreage 0.550
Zoning C-3 General Commercial District
Parking Spaces 21 spaces
Parking Per SqFt 26.25
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple

New 15-Yr Absolute NNN Lease | 2024 Construction

Marketing description

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN leased Small Sliders investment property located in Flowood, Mississippi. The tenant recently signed a brand new 15-year lease with multiple options to extend, along with a personal guaranty, underscoring their long-term commitment to the site. The lease features 10% rental increases every five years throughout the initial term and at the beginning of each option period, providing a reliable hedge against inflation and steady NOI growth. With an absolute NNN lease structure, the tenant is responsible for CAM, taxes, insurance, and all maintenance, offering investors a truly passive, management-free opportunity ideal for out-of-state ownership.

The subject property is strategically located directly on Highway 25, which sees approximately 35,800 vehicles per day, providing excellent visibility and easy access for both local and regional consumers. Positioned between Kroger- and Walmart-anchored shopping centers, the property benefits from a dense retail corridor that includes high-profile national and credit tenants such as ALDI, Taco Bell, Burger King, Valvoline, Tractor Supply, Walgreens, and more. The 5-mile trade area surrounding the property is robust, with over 57,405 residents and 21,710 employees, and an average household income of $119,666. This combination of strong population, workforce, and household income supports both daytime and evening traffic, while the property’s prime positioning in the heart of a high-performing retail corridor ensures continued consumer engagement. The site is already tracking well above the national Small Sliders average, demonstrating strong operational metrics and confirming its status as a top-performing location within the brand. With long-term lease security, built-in rental growth, and a strategic location, this asset represents an ideal, low-maintenance investment for a passive or out-of-state investor.

Investment highlights

  • Brand New 15-Year SLB | Rental Growth | Options to Extend | Strong Store Performance

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Nearby Kroger & Walmart Anchored Shopping Centers | Dense Retail Corridor

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

CS
CA 01927216
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
SRS Real Estate Partners Birmingham
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Birmingham

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Martin Smith
License
MS License No. 21705 | SRS License No. 22099
Brokerage
SRS Real Estate, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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