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    1313 Park Ave Greenwood, MS 38930

    Sponsored
    For Sale
    $1,259,259

    Mississippi Restaurant, Strong ROI

    Property size:
    2,732 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 2,732-square-foot Pizza Hut restaurant in Greenwood, Mississippi. Located at 1313 W Park Ave, this property sits on a 0.43-acre lot and boasts a strong 6.75% cap rate, generating a net operating income (NOI) of $85,000 annually. Built in 2022, the property is currently operating at 100% occupancy under a 15-year absolute triple-net (NNN) lease with a franchisee tenant. The lease commenced upon closing and includes four 5-year renewal options, extending the potential lease term to 35 years. Rent increases by 10% every five years, providing consistent growth and long-term value. The asking price is $1,259,259, translating to $460.93 per square foot. This is a rare opportunity to acquire a well-established, high-performing restaurant with significant long-term growth potential in a stable market. The property's strong tenant, long-term lease, and built-in rent increases make it an attractive investment for those seeking passive income and capital appreciation. The property's location in Leflore County, Mississippi, offers convenient access to local amenities and a strong customer base. This is a turnkey investment ready for immediate returns.

    Property Features for 1313 Park Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,732 SF
    Lot Size
    18,731 SF

    Building Details

    Year Built
    2022

    HighLights

    • 2,732 SF Pizza Hut in Greenwood, MS on a 0.43‑acre lot.
    • 15‑year absolute NNN lease with four 5‑year renewal options (potential 35‑year lease term).
    • Lease commenced upon closing; 10% rent increases every five years.
    • $1,259,259 asking price ($460.93/SF); 6.75% cap rate, $85,000 annual NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -90.2046261
    Latitude
    33.5263062

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    FAQs

    What type of property is this?
    Restaurant - Mississippi Restaurant, Strong ROI
    Where is this restaurant located?
    The property is located at 1313 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: 2,732 SF Pizza Hut in Greenwood, MS on a 0.43-acre lot.; 15-year absolute NNN lease with four 5-year renewal options (potential 35-year lease term).; Lease commenced upon closing; 10% rent increases every five years.
    Request Owner's contact information
    1313 Park Ave Greenwood, MS 38930
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    Greenwood, MS 38930
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    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 Park Ave Greenwood, MS 38930
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