1313 Park Ave Greenwood, MS 38930
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Mississippi Restaurant, Strong ROI
Property size:
2,732 SFProperty 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
Listing Agency: NNN Pro Group Listing Agent: Glen Kunofsky
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
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.
