Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1313 W Park Ave Greenwood, MS 38930

    Loading data...
    Loading data...
    Loading data...
    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

    Nearby Similar for Sale

    • $850,000
      4,700 SF

      Greenwood Office Building For Sale

      Office building in a high-traffic location near retail.
      2001 Highway 82, Greenwood, MS 38930
      View Details
    • $1,595,000
      30,600 SF

      Warehouse with Cold Storage Space

      Warehouse with cold storage, office space, and truck docks.
      3300 Baldwin Rd, Greenwood, MS 38930
      View Details
    • $395,000
      12,344 SF

      Highway Frontage Multi-Use Building

      Multi-use building with highway frontage, retail, and warehouse space.
      711 11 St, Greenwood, MS
      View Details
    • $295,000
      8,396 SF

      Park Avenue Commercial Property

      8,400 SF commercial property in high-demand area.
      211 W Park Ave, Greenwood, MS 38930
      View Details
    • $997,000
      26,493 SF

      Home Hardware Investment Opportunity

      Regional tenant leased Home Hardware building for sale.
      715 Us-82, Greenwood, MS
      View Details
    • $185,000
      6,144 SF

      Highway 82 Commercial Building

      Commercial building with retail storefront and warehouse space on Highway.
      709 Us 82, Greenwood, MS
      View Details

    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.
    (332) 345-2408
    Request Owner's contact information
    1313 W Park Ave Greenwood, MS 38930
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1313 W Park Ave
    Greenwood, MS 38930
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1313 W Park Ave Greenwood, MS 38930
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.