518 SOUTH MONTGOMERY STREET - images2.loopnet.com

O. 662.268.8025214 South Washington Street

Starkvi l le, MS 39759farmercommercialpropert ies.com

F A R M E R C O M M E R C I A L P R O P E R T I E S

518 SOUTH MONTGOMERYSTREETSta rkv i l l e , MS 39759

Broker/OwnerD. 662.268.8025M. 662.341.5205scott@farmercommerc ia lpropert ies.com

S C O T T A . F A R M E R

RETAIL PROPERTY FOR SALE

for more information contact:

S c o t t A . F a r m e r662.268.8025C. [email protected]

Farmer Commercial Properties

214 South Washington Street,Starkvi l le, MS 39759

farmercommercialproperties.com

Starkville, MS - 518 South Montgomery Street. Exceptional 3821 square footrestaurant located approximately 1 mile from Mississippi State University.Built in 1997, this restaurant features a large open dining seating plan witha very functional kitchen along with a foremost drive thru order and pick upwindow. Outstanding ingress/egress with bonus easement access from Hwy12 West. It has approximately 24 primary and 19 common area parkingavailable. This location is in a high traffic corridor just off of Hwy 12 whichcreates and maintains a constant market presence. SoutheasternConference (SEC) Universities are growing at a rapid pace with recordbreaking enrollments each year. This is a rare and remarkable location forany franchise restaurant or business. Call today.

PROPERTY OVERVIEW

Mississippi State University to Hwy 12, Right on South Montgomery,property on your immediate left.

LOCATION OVERVIEW

OFFERING SUMMARY

Sale Price: $799,000

Price / SF: $209.11

Lot Size: 124x181

Building Size: 3,821 SF

STARKVILLE, MS 39759

Execu t i v e Summary







Add i t i o na l Pho t o s







Re ta i l e r Map







Lo ca t i on Maps






* Demographic data derived from 2010 US Census

POPULATION 1 MILE 3 MILES 5 MILESTOTAL POPULATION 4,040 22,403 32,184

MEDIAN AGE 25.5 25.2 25.2

MEDIAN AGE (MALE) 24.2 24.3 24.4

MEDIAN AGE (FEMALE) 28.3 26.7 26.4

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILESTOTAL HOUSEHOLDS 1,693 9,006 12,723

# OF PERSONS PER HH 2.4 2.5 2.5

AVERAGE HH INCOME $41,969 $43,605 $44,370

AVERAGE HOUSE VALUE $116,987 $113,606 $115,914


Demog raph i c s Map

Traffic Count Map500-598 S Montgomery St, Starkville, Mississippi, 39759 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 33.45543

Longitude: -88.81063

Source: ©2017 Kalibrate Technologies

July 03, 2017

©2017 Esri Page 1 of 1

Executive Summary500-598 S Montgomery St, Starkville, Mississippi, 39759 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 33.45543


1 mile 3 miles 5 milesPopulation

2000 Population 7,713 27,497 32,1582010 Population 7,556 30,248 36,3732017 Population 8,030 31,884 38,5232022 Population 8,351 32,934 39,9112000-2010 Annual Rate -0.21% 0.96% 1.24%2010-2017 Annual Rate 0.84% 0.73% 0.80%2017-2022 Annual Rate 0.79% 0.65% 0.71%2017 Male Population 52.2% 50.3% 50.3%2017 Female Population 47.8% 49.7% 49.7%2017 Median Age 24.0 24.7 24.9

In the identified area, the current year population is 38,523. In 2010, the Census count in the area was 36,373. The rate of change since 2010 was 0.80% annually. The five-year projection for the population in the area is 39,911 representing a change of 0.71% annually from 2017 to 2022. Currently, the population is 50.3% male and 49.7% female.

Median Age

The median age in this area is 24.0, compared to U.S. median age of 38.2.Race and Ethnicity

2017 White Alone 68.1% 59.4% 58.4%2017 Black Alone 25.4% 34.3% 35.8%2017 American Indian/Alaska Native Alone 0.2% 0.2% 0.2%2017 Asian Alone 4.6% 4.1% 3.8%2017 Pacific Islander Alone 0.0% 0.0% 0.0%2017 Other Race 0.4% 0.5% 0.5%2017 Two or More Races 1.2% 1.4% 1.3%2017 Hispanic Origin (Any Race) 1.7% 2.0% 1.8%

Persons of Hispanic origin represent 1.8% of the population in the identified area compared to 18.1% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 54.7 in the identified area, compared to 64.0 for the U.S. as a whole.

Households2000 Households 3,577 10,167 11,8832010 Households 3,721 11,760 14,3022017 Total Households 3,931 12,250 15,0052022 Total Households 4,096 12,681 15,5772000-2010 Annual Rate 0.40% 1.47% 1.87%2010-2017 Annual Rate 0.76% 0.56% 0.66%2017-2022 Annual Rate 0.83% 0.69% 0.75%2017 Average Household Size 1.78 2.25 2.27

The household count in this area has changed from 14,302 in 2010 to 15,005 in the current year, a change of 0.66% annually. The five-year projection of households is 15,577, a change of 0.75% annually from the current year total. Average household size is currently 2.27, compared to 2.25 in the year 2010. The number of families in the current year is 7,010 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

July 03, 2017


Executive Summary500-598 S Montgomery St, Starkville, Mississippi, 39759 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 33.45543


1 mile 3 miles 5 milesMedian Household Income

2017 Median Household Income $20,760 $26,763 $27,5442022 Median Household Income $21,831 $28,314 $29,2422017-2022 Annual Rate 1.01% 1.13% 1.20%

Average Household Income

2017 Average Household Income $34,787 $42,104 $43,2582022 Average Household Income $38,366 $46,226 $47,5042017-2022 Annual Rate 1.98% 1.89% 1.89%

Per Capita Income2017 Per Capita Income $16,610 $17,791 $18,0992022 Per Capita Income $18,249 $19,412 $19,7592017-2022 Annual Rate 1.90% 1.76% 1.77%

Households by IncomeCurrent median household income is $27,544 in the area, compared to $56,124 for all U.S. households. Median household income is projected to be $29,242 in five years, compared to $62,316 for all U.S. households

Current average household income is $43,258 in this area, compared to $80,675 for all U.S. households. Average household income is projected to be $47,504 in five years, compared to $91,585 for all U.S. households

Current per capita income is $18,099 in the area, compared to the U.S. per capita income of $30,820. The per capita income is projected to be $19,759 in five years, compared to $34,828 for all U.S. households Housing

2000 Total Housing Units 3,852 10,968 12,8822000 Owner Occupied Housing Units 1,015 4,301 5,5672000 Renter Occupied Housing Units 2,563 5,866 6,3162000 Vacant Housing Units 274 801 999

2010 Total Housing Units 4,156 12,925 15,7852010 Owner Occupied Housing Units 886 4,423 5,8562010 Renter Occupied Housing Units 2,835 7,337 8,4462010 Vacant Housing Units 435 1,165 1,483



Currently, 33.8% of the 16,757 housing units in the area are owner occupied; 55.7%, renter occupied; and 10.5% are vacant. Currently, in the U.S., 55.6% of the housing units in the area are owner occupied; 33.1% are renter occupied; and 11.3% are vacant. In 2010, there were 15,785 housing units in the area - 37.1% owner occupied, 53.5% renter occupied, and 9.4% vacant. The annual rate of change in housing units since 2010 is 2.69%. Median home value in the area is $152,130, compared to a median home value of $207,344 for the U.S. In five years, median value is projected to change by 2.29% annually to $170,391.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

July 03, 2017


518 SOUTH MONTGOMERY STREET - images2.loopnet.com

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