1313 W Park Ave Greenwood, MS
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NNN Pizza Hut in Greenwood, MS with long-term lease.
Type:RETAIL
Property size:
2,732 SFLot size:
0.43 Acres- Added:
- Jul 19, 2024
- Days on Market:
- 651
- Last Refresh:
- Apr 5 at 11:16 pm
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 agent Glen Kunofsky
Listing office NNN Pro Group (332) 345-2408
Listing date Jul 19, 2024
Source Moodyscre
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
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Turn key restaurants
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.
