Pizza Hut NNN
For Sale
Contact for pricing
1313 W Park Ave, Greenwood, MS
NNN Pizza Hut in Greenwood, MS with long-term lease.
Property Size2,732 SF
Lot Size0.43 Acres
Price / SF$460.93
Days on Market742
Property Features for 1313 W Park Ave
General Information
Standard status
Active
Size
2,732 SF
Lot size
0.43 Acres
Property subtype
RETAIL
Listing Agency:
NNN Pro Group
(332) 345-4222
Listed By:
Glen Kunofsky · License #49KU1129178
Source:
Moodyscre
Added: Jul 19, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NNN Pro Group
Investment Insights
Based on property information with market context.
This property features a Pizza Hut located at 1313 W Park Ave, Greenwood, MS. The site includes approximately 2,732 rentable square feet of building space on an estimated 0.43-acre parcel of land. The Pizza Hut is subject to a 15-year absolute triple-net (NNN) lease, which commenced at the close of escrow. The annual rent is $85,000, with scheduled increases of 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options. The investment includes a long-term, 20-year absolute triple net (NNN) sale-leaseback. There are four (4), five (5)-year tenant renewal options, bringing the potential lease term to 40 years. The lease commencement occurred upon the close of escrow. The property benefits from a full franchisee guarantee from Quality Huts, LLC, one of the nation’s largest Pizza Hut operators.
Key Highlights
- 15‑year absolute triple‑net (NNN) lease commenced at the close of escrow, providing a passive income stream.
- Full franchisee guarantee from Quality Huts, LLC, one of the nation’s largest Pizza Hut operators.
- Scheduled rental increases of 10% every 5 years throughout the base term and renewal options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
151k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 33%
Superstores 8%
Groceries 6%
Wendy's
Dining
19,495 visits/mo
0.3 miles
Roses Discount Store
Shops & Services
18,655 visits/mo
0.3 miles
SONIC Drive In
Dining
18,209 visits/mo
0.2 miles
Arby's
Dining
12,852 visits/mo
0.5 miles
Big Lots
Superstores
12,194 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Turn key restaurant - NNN Pizza Hut in Greenwood, MS with long-term lease.
Where is this turn key restaurant located?
The property is located at 1313 W Park Ave Greenwood, MS.
What is the asking price?
The asking price for this property is $1,259,259.
What are key features of this property?
This property features: 15‑year absolute triple‑net (NNN) lease commenced at the close of escrow, providing a passive income stream.; Full franchisee guarantee from Quality Huts, LLC, one of the nation’s largest Pizza Hut operators.; Scheduled rental increases of 10% every 5 years throughout the base term and renewal options.
