Pizza Hut
Corinth, MS
Key Details
| Price: | $1,642,857 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $115,000 |
| Address: | 904 U.S. 72, Corinth, Mississippi 38834 |
| 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: | 0.55 Acres |
| Building Size: | 2,100 SF |
| Year Built: | 2024 |
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 904 U.S. 72, Corinth, Mississippi 38834. The site consists of roughly 2100 rentable square feet of building space on an estimated 0.55-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 $115,000 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- 15-Year Absolute Triple Net (NNN) Lease with Rent Increases | At closing the tenant will execute a brand-new 15-year absolute triple net lease. The lease will have no landlord responsibilities and will feature scheduled increases of 10% Every 5 Years.
- Strong Franchisee Guarantee | The lease will feature a guarantee from JJB Brands. JJB Brands operates more than 100 restaurants across five states with plans for further growth in the future (tenant entity/guarantor vary by concept).
- Excellent Frontage on US-72 | The subject property benefits from its location on US Hwy 72 which is one of the main throughways in the area. US Hwy 72 brings over 23,900 vehicles daily while nearby S Cass St. brings another 9,100 vehicles to the immediate area, daily.
Key Details
| Price: | $1,642,857 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $115,000 |
| Address: | 904 U.S. 72, Corinth, Mississippi 38834 |
| 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: | 0.55 Acres |
| Building Size: | 2,100 SF |
| Year Built: | 2024 |
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
Jack McHugh
jmchugh@nnnpro.com
License: NY: 10401389686
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.