1313 W Park Ave, Greenwood, MS

Listing agent Glen Kunofsky License #49KU1129178

Listing office NNN Pro Group g***@nnnpro.com Show Phone

Listing date Jul 19, 2024

Source Moodyscre

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

Location Insight

• Map
• Local Demand

City

Greenwood

County

Leflore

State

Mississippi

Longitude

-90.2057

Latitude

33.5264

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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 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.