Listed by Marcus & Millichap | The Patel Yozwiak Group
$1,131,400
Captain D's Seafood Restaurant
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,000
Cap Rate 7.00%
NOI $79,200
Occupancy 100%
Tenancy Single
Brand/Tenant Captain D's
Lease Type NNN
Lease Term 20
Lease Expiration 09/30/2042
Remaining Term 16
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $377
Year Built 2022
Acreage 0.890
Parking Spaces 32 spaces
Parking Per SqFt 10.67
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 10/01/2022
Ground Lease No
Ownership Fee Simple
16+ Years Remaining on NNN Lease | Largest Captain D’s Franchisee | Retail Corridor
Marketing description
Captain D's Seafood Restaurant is located at 1208 Sunset Dr in Grenada, MS, offering a Triple Net lease investment opportunity with 16+ years remaining on the lease. The property was newly constructed in 2022 and features 3,000 square feet on approximately 0.89 acres. The property is situated on a signalized corner along Sunset Drive with high visibility, seeing 23,000 vehicles per day. It is an outparcel to Grenada Square shopping center with a lighted pylon sign and two points of ingress/egress. The property features a large lighted parking lot with 32 spaces and a drive-thru lane.
The lease features highly attractive 10% rental increases every 5 years in the base term and in each of four 5-year renewal options, providing a strong hedge against inflation. The property offers fee simple ownership, providing the buyer with the highest form of real estate ownership and absolute control over the asset.
Investment highlights
- NNN LEASE WITH NEWER 2022 CONSTRUCTION: The tenant has 16+ years remaining on a Triple Net lease with zero landlord responsibilities.
- BACKED BY LARGEST CAPTAIN D'S FRANCHISEE: Trident Holdings is the Largest Captain D's operator with nearly 60 stores.
- STRONG HEDGE AGAINST INFLATION: The lease features highly attractive 10% rental increases every 5 years in the base term and in each of four 5-year renewal options.
- FEE SIMPLE OWNERSHIP: Offers the buyer the highest form of real estate ownership and absolute control over the asset.
- HIGH VISIBILITY: Situated on a signalized corner along Sunset Drive, seeing 23,000 vehicles per day, outparcel to Grenada Square shopping center with a lighted pylon sign and two points of ingress/egress. Large lighted parking lot with 32 spaces and drive thru lane.
- INTERSTATE EXIT RETAIL CORRIDOR: 1.4 miles off of Interstate 55 exit 206. Near multiple national tenants including Walmart Supercenter, Applebee's, Zaxbys, Hampton Inn, Domino's, QuikTrip, Comfort Inn, Pizza Hut, McDonald's, Burger King, Dollar Tree, CVS, O'Reilly Auto Parts, Autozone and more.
- STRONG RECREATION HUB: Located just 5 miles from Grenada Lake and Hugh White State Park, a popular boating and outdoor recreation area.
- PROXIMITY TO MAJOR CITIES VIA INTERSTATE 55: Grenada is 90 minutes from both Memphis, TN and Jackson, MS via Interstate 55 which sees 19,000 vehicles per day through Grenada.
- SIGNIFICANT AREA DEVELOPMENT & JOB GROWTH: The Grenada economic development board reports that Grenada has added over 1,600 jobs in the last 10 years. Milwaukee Tool opened a new $60 million facility in 2024 adding more than 800 jobs to the area.
- STABLE DEMOGRAPHICS: The daytime population exceeds 17,000 within 5-miles of the subject. Unemployment is below 3% within 1 mile. Grenada is the county seat with a population of over 21,000.
Listing Contacts
Listed by Marcus & Millichap | The Patel Yozwiak Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,200.00
$6,600.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
B-3 CommercialSpecial CommercialHeavy Commercial
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View all 106 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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