Stan Johnson Company Brokers Ground Lease Sale of Newly Built Jackson, Mississippi Whataburger for $1.9 Million

Whataburger-Roedersheimer

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of 306 Stribling Lane in Brandon, Mississippi. The 3,760-square-foot property, ground leased to Whataburger, sold for $1.9 million reflecting a 4.20 percent cap rate. Stan Johnson Company’s Ryan Roedersheimer represented the Jackson, Mississippi seller. The buyer was an individual investor based in San Jose, California.

“This opportunity was from a repeat client who initially was planning to sell next year, but current market conditions influenced them to act quickly,” said Roedersheimer, Associate Director in Stan Johnson Company’s Cincinnati, Ohio office. “We were able to achieve the client’s pricing objective, and it was the perfect fit for the buyer’s goals – a true win-win scenario.”

The property is located in the highly desirable Jackson, Mississippi suburb of Brandon with direct access to Interstate 20. The build-to-suit property is situated on nearly 1.5 acres and construction was completed in 2021. The tenant operates on a long-term absolute triple net, corporate-guaranteed lease. Neighboring tenants include Chick-fil-A as well as a brand new Starbucks.

View Profile
About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $40 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.