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33313161
33313163

330 W Northside Dr, Jackson, MS 39206

TC
GA 374849
CBRE Atlanta
CB
GA GA 248342
CBRE - Atlanta
BP
GA 349355
CBRE - Atlanta
TG
NY 10401393181
CBRE - Midtown Manhattan
CBRE - Atlanta
CBRE Capital Markets
Listed by CBRE Atlanta, CBRE - Atlanta, CBRE - Midtown Manhattan, CBRE Capital Markets
$1,762,600
1 day on market
Updated 0 days ago

±9.6-Year Absolute NNN Taco Bell

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 3,193
Cap Rate 7.25%
NOI $127,784
Occupancy 100%
Tenancy Single
Brand/Tenant Pacific Bells, LLC
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/30/2035
Rent Bumps Yes
Lease Options Five, 5-year options with 10% rent increase in each option
Year Built 2003
Acreage 0.720
Parking Spaces 37 spaces
Parking Per SqFt 11.59
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/21/2015

330 West Northside Drive, Jackson, MS 39206

Marketing description

Tenant under the lease, Pacific Bells, LLC, is a premier, private-equity-backed quick-service restaurant franchise operator and one of the largest Taco Bell franchisees in the United States, currently managing a footprint of 311+ locations across 11 states with a workforce of over 7,000 team members.

Taco Bell's absolute NNN Lease features ±9.6 years of primary term remaining with a 10% rent increase in 2031 during the initial term and in each of the five, 5-year renewal options.

The subject property features direct frontage along West Northside Drive (14,000 VPD), positioned less than one mile from the Interstate 55 interchange and just west of North State Street (11,000 VPD). The site includes a dedicated drive-thru lane and multiple ingress/egress points to maximize local and commuter accessibility.

Taco Bell serves as an infill location within a dense commercial and residential hub, surrounded by over 350 multi-family units (Rio, Gardenside, Oakpointe, and Azalea Christian Manor). It draws steady consumer traffic from neighboring national brands, including Walgreens, CVS, CSL Plasma, Dollar General, Dollar Tree, Piggly Wiggly and U-Haul. In total, there are 5.7 MSF of retail, 5.6 MSF of office, 3.3 MSF of industrial and 7,948 multifamily units within a 3-mile radius of the site.

The Jackson, Mississippi Metropolitan Statistical Area (MSA Population: 603,484), which includes Hinds, Madison and Rankin counties, serves as the state's primary economic, governmental and cultural hub. Anchored by the city of Jackson, the MSA benefits from a diverse employment base led by state government, healthcare, education and financial services, with major institutions such as the University of Mississippi Medical Center and several regional hospital systems playing an outsized role in job creation.

Investment highlights

  • Pacific Bells, LLC | Tenant: Tenant under the lease, Pacific Bells, LLC, is a premier, private-equity-backed quick-service restaurant franchise operator and one of the largest Taco Bell franchisees in the United States, currently managing a footprint of 311+ locations across 11 states with a workforce of over 7,000 team members.
  • Absolute NNN Lease with Increases: Taco Bell's absolute NNN Lease features ±9.6 years of primary term remaining with a 10% rent increase in 2031 during the initial term and in each of the five, 5-year renewal options.
  • Excellent Access & Visibility: The subject property features direct frontage along West Northside Drive (14,000 VPD), positioned less than one mile from the Interstate 55 interchange and just west of North State Street (11,000 VPD). The site includes a dedicated drive-thru lane and multiple ingress/egress points to maximize local and commuter accessibility.
  • Strategic Location: Taco Bell serves as an infill location within a dense commercial and residential hub, surrounded by over 350 multi-family units (Rio, Gardenside, Oakpointe, and Azalea Christian Manor). It draws steady consumer traffic from neighboring national brands, including Walgreens, CVS, CSL Plasma, Dollar General, Dollar Tree, Piggly Wiggly and U-Haul.
  • Dynamic Demographics | Built-In Customer Base: Taco Bell benefits from dynamic demographics with a population of 50,893 and an average household income of $71,908 within a 3-mile radius. Additionally, there are over 3,600 households within a 1-mile radius of the site, placing a substantial consumer base within walking distance.
  • Jackson, MS MSA Advantage: The Jackson, Mississippi Metropolitan Statistical Area (MSA Population: 603,484), which includes Hinds, Madison and Rankin counties, serves as the state's primary economic, governmental and cultural hub.

Listing Contacts

TC
GA 374849
CBRE Atlanta
CB
GA GA 248342
CBRE - Atlanta
BP
GA 349355
CBRE - Atlanta
TG
NY 10401393181
CBRE - Midtown Manhattan
CBRE - Atlanta
CBRE Capital Markets
Listed by CBRE Atlanta, CBRE - Atlanta, CBRE - Midtown Manhattan, CBRE Capital Markets

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,784.00
$10,648.67/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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