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1313 W Park Ave Greenwood, MS 38930

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For Sale
$1,259,259

NNN Pizza Hut in Greenwood, MS with long-term lease.

Property size:
2,732 SF
Lot size:
0.43 Acres

Property Features for 1313 W Park Ave

General Information

Size
2,732 SF
Lot size
0.43 Acres

Source: NNN Pro Group Agent Glen Kunofsky

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Pizza Hut NNN Investment

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.
Insight Report Location Intelligence

Current Use by Public Records

Turn key restaurants

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Greenwood
County
Leflore
State
Mississippi
Longitude
-90.205738
Latitude
33.526373

FAQs

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.
More about this property
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