Pizza Hut 1313 W Park Ave 2,732 SF Retail Building Greenwood, MS 38930 $1,259,259 ($460.93/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term, 15-Year Absolute Triple Net (NNN) Sale-Leaseback
- 10% Rental Increases Every 5 Years
- Lease Commencement Upon Close of Escrow
EXECUTIVE SUMMARY
NNN Pro Group is pleased to present the exclusive listing for a Pizza Hut located at
1313 W Park Ave, Greenwood, MS. The site consists of roughly 2,732 rentable square
feet of building space on estimated 0.43-acre parcel of land. This Pizza Hut will be
subject to a 15-year absolute triple-net (NNN) lease, which commenced at the close of
escrow. The annual rent will be $85,000 and is scheduled to increase by 10% every 5
years throughout the base term and in each of the 4, 5-year renewal options.
1313 W Park Ave, Greenwood, MS. The site consists of roughly 2,732 rentable square
feet of building space on estimated 0.43-acre parcel of land. This Pizza Hut will be
subject to a 15-year absolute triple-net (NNN) lease, which commenced at the close of
escrow. The annual rent will be $85,000 and is scheduled to increase by 10% every 5
years throughout the base term and in each of the 4, 5-year renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,732 SF
Building Class
C
Year Built/Renovated
1972/2022
Price
$1,259,259
Price Per SF
$460.93
Cap Rate
6.75%
NOI
$85,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.43 AC
Parking
26 Spaces (9.52 Spaces per 1,000 SF Leased)
Frontage
115’ on West Park Avenue
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08509020602100 | Improvements Assessment | $40,500 |
| Land Assessment | $15,871 | Total Assessment | $56,371 |
