Jack’s Family Restaurants
3,572 SF | Retail Building | Laurel, MS 39440 | $1,583,333 ($443/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,583,333
- Property Type
-
Retail
- Square Feet
- 3,572 SF
- Price / Square Foot
- $443
Listing Contacts
Adam English
Verified Profile
Adam Baxter
Verified Profile
- Property Info
Property Overview
Property sits across the street from South Central Regional Medical Center, a 285-bed public not-for-profit hospital. Hospital has more than 80 physicians on staff representing 28 medical specialties with over 2,100 employees throughout the health system.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Lot Size (sq. ft)
- 10,890 SF
Highlights
- “Built-in” credit enhancement - Jack’s is growing by approximately 20 new locations per year
- Extremely conservative rent to sales ratio
- Brand new, high quality construction
- Situated adjacent to the entrance and exit ramps to Interstate 59 which has a traffic count of 40,000 VPD combined
- Affluent submarket as the average household income is ~ $67,000 within a five-mile radius of the store
- Strong local presence from other name brand tenants such as McDonald’s, Dollar General, Burger King, CVS, etc.
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