Burger King Waynesboro MS

February 28, 2020 – Logan Fite of Horvath & Tremblay has successfully completed the sale of Burger King in Waynesboro, Mississippi.  Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,620,000, a 6.25% cap rate.

Burger King is located at 914 Mississippi Drive in Waynesboro, MS. Burger King has occupied the stand-alone building since its construction in 2019.  Burger King has 20 years of term remaining on an absolute NNN lease followed by four 5-year renewal options. The lease calls for 8.0% increases every five years throughout the base term and option periods. The new construction Burger King is extremely well located at the intersection of Mississippi Drive (State Highway 145) and Robinson Street with entry and egress on both.

Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.