Available for sale, this former national quick-service restaurant offers prime exposure in the retail heart of Meridian. As an outparcel to the Crossroads Shopping Center, and adjacent to the Bonita Lakes Mall, the property provides ample traffic to a diverse customer base.
The +- 1800 SF building could be considered turn-key for another restaurant operator, as it comes complete with all necessary mechanical equipment and features a drive-thru. Lying on approximately 1.14 acres, the site could be redeveloped for other retail uses.
Although the property is part of 16th Section ground leases, lease payments for the property are either paid-in-full or minimal.
Located at as an outparcel to the Bonita Lakes Mall and the Meridian Crossroads power center, this property lies in close proximity to Interstate 20 and along Highway 19.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
