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1118 North Second Street

Updated Nov 11, 2026

Noah Fox And Andrew Leeds Acquire Retail Property In Booneville For $2.5M From Seller Miriam Golden
SOLDRetail

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:

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.

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$2,500,000

$944/SF

Retail

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Players

Noah Fox

Vertical Real Estate

Broker

$96.1M

vol

26 deals

Broker
Noah Fox

Noah Fox

Buyer

$96.1M

vol

26 deals

Buyer

Miriam Golden

Seller

$2.5M

vol

1 deal

Seller

Booneville Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $944 per square foot on a published $2.5M for 2,648 square feet (2026).

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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

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