Pizza Hut | 1313 W Park Ave
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Pizza Hut 1313 W Park Ave
2,732 SF Retail Building Greenwood, MS 38930 £987,775 (£362/SF) 6.75% Net Initial Yield
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
£987,775
Price Per SF
£362
Net Initial Yield
6.75%
NOI
£66,675
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Land Acres
0.43 AC
Parking
26 Spaces (9.52 Spaces per 1,000 SF Leased)
Frontage
115 ft on West Park Avenue
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 08509020602100 | Improvements Assessment | £31,769 |
| Land Assessment | £12,449 | Total Assessment | £44,218 |
PROPERTY TAXES
Parcel Number
08509020602100
Land Assessment
£12,449
Improvements Assessment
£31,769
Total Assessment
£44,218
-
Power Broker Glen Kunofsky -
Matthew Anuszkiewicz -
Howie Curd -
NNN Pro Group
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Pizza Hut | 1313 W Park Ave
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