Pizza Hut | 7003 US-45 ALT
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Pizza Hut 7003 US-45 ALT
1,900 SF Retail Building West Point, MS 39773 £987,775 (£520/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
7003 US-45 ALT, West Point, MS. The site consists of roughly 1,900 rentable square
feet of building space on estimated 1.67-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.
7003 US-45 ALT, West Point, MS. The site consists of roughly 1,900 rentable square
feet of building space on estimated 1.67-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
Restaurant
Building Size
1,900 SF
Building Class
C
Year Built
2023
Price
£987,775
Price Per SF
£520
Net Initial Yield
6.75%
NOI
£66,675
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Land Acres
1.67 AC
Parking
20 Spaces (10.53 Spaces per 1,000 SF Leased)
Frontage
103 ft on U.S. 45 Alternate
PROPERTY TAXES
| Parcel Number | 082A310A-0190000 | Improvements Assessment | £0 |
| Land Assessment | £11,412 | Total Assessment | £11,412 |
PROPERTY TAXES
Parcel Number
082A310A-0190000
Land Assessment
£11,412
Improvements Assessment
£0
Total Assessment
£11,412
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Power Broker Glen Kunofsky -
Matthew Anuszkiewicz -
Howie Curd -
NNN Pro Group
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Pizza Hut | 7003 US-45 ALT
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