Pizza Hut
Greenwood, MS
Key Details
| Price: | $1,259,259 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $85,000 |
| Address: | 1313 West Park Avenue, Greenwood, Mississippi 38930 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Expiration: | 15 Years from Close of Escrow |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 0.43 Acres |
| Building Size: | 2,732 SF |
| Year Built: | 2022 |
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 1313 West Park Avenue, Greenwood, Mississippi 38930. The site consists of roughly 2732 rentable square feet of building space on an estimated 0.43-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $85,000 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- Long-Term, 15-Year Absolute Triple Net (NNN) Sale-Leaseback
- Lease Commencement Upon Close of Escrow
- 10% Rental Increases Every 5 Years
- Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
Key Details
| Price: | $1,259,259 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $85,000 |
| Address: | 1313 West Park Avenue, Greenwood, Mississippi 38930 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Expiration: | 15 Years from Close of Escrow |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 0.43 Acres |
| Building Size: | 2,732 SF |
| Year Built: | 2022 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
Howard Curd
hcurd@nnnpro.com
License: NY: 10401339720
Broker of Record
Brian Brockman
Bang Realty of Mississippi, Inc
License: 21542
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.