Updated Nov 11, 2026
Noah Fox And Andrew Leeds Acquire Retail Property In Booneville For $2.5M From Seller Miriam Golden
1118 North Second Street
$2,500,000
$944/SF
Building Size
2,648 SF
Asset Type
Retail
Closing
Nov 5, 2026
About this deal
AI
The property asset involved in the transaction is a Popeyes restaurant located at 1118 North Second Street in Booneville, Mississippi. The sale price for the 2,648-square-foot, single-tenant property was $2,500,000, translating to a price per square foot of $944. The property benefits from a long-term absolute NNN lease with High Noon Restaurant Group, which operates more than 113 locations under the Popeyes brand, and is situated directly across from Walmart Supercenter along a high-traffic retail corridor.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Buyer: Noah Fox & Andrew Leeds
- Seller: Miriam Golden
- Buyer's Representative: Noah Fox - Vertical Real Estate
- Seller's Representative: Tim Westfall - Echo West Capital Advisors
- Attorney: Ashley Fox - Frank, Weinburg & Black
- Square Footage: 2,648
- Price per Square Foot: $944
This transaction was notably represented by Noah Fox from Vertical Real Estate as the buyer's representative and Tim Westfall from Echo West Capital Advisors representing the seller. The attorney involved in the transaction was Ashley Fox from Frank, Weinburg & Black, facilitating the legal aspects of the deal.
On the Map
$2,500,000
$944/SF
Retail
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Players
Booneville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93