Krispy Kreme – Ridgeland, MS
1100 East County Line Road, Ridgeland, MS, 39157, US
¥369,892,000 | 357 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Chipotle at 3419 Bienville Blvd in Ocean Springs, Mississippi (“Property” or “Asset”). The Property is operating on a NN lease with ±14.9 years of primary lease term remaining, 10% rent escalations every 5 years and four, five-year options.
MS Broker of Record: Barry Brown - MS License #: 17703
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Attributes
Asking price
¥542,083,000
Cap rate
5.4%
NOI
¥29,297,000
WAULT
14.9 years
Building area net
228 sm
Land area gross
0.36 ha
Year built
2026
Media
Investment highlights
- Corporate Chipotle with ±14.9 years of primary lease term remaining
- Adjacent to new construction Ocean Springs Hospital – Singing River Health System
- Frontage along US-90, the primary commercial corridor, with 39,000 VPD
- Ocean Springs is one of the Gulf Coast’s highest income submarkets, with $122K in average household income within a 1-mile radius of the Property
- Strong demographics with 18% population growth since 2010 within 5-mile radius
- Chipotle is one of the largest and most recognized fast casual restaurant chains in the world
Contact brokers
Chipotle - Ocean Springs, MS (0 Properties)
