Current Use by Public Records
- Retail properties & Spaces
Property Details for 7003 Us-45 Alt
- Year built
- 2023
- Lot size
- 1.67 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a newly built (2023) Pizza Hut restaurant in West Point, Mississippi. Located at 7003 US-45 ALT, this 1,900 square foot property sits on a 1.67-acre lot. The property is currently 100% occupied under a 15-year absolute triple-net (NNN) lease with a franchisee tenant, offering a secure and passive income stream. The annual net operating income (NOI) is $85,000, resulting in a compelling 6.75% capitalization rate. The lease features a significant advantage: a 10% rent increase every five years throughout the initial 15-year term and each of the four, five-year renewal options, extending the potential lease term to 35 years. This provides substantial long-term growth and stability for the investor. The asking price is $1,259,259, translating to $662.77 per square foot. This is a rare chance to acquire a high-performing, established restaurant with a secure, long-term lease in a prime location. The property's strong financials and lease terms make it an attractive addition to any investment portfolio. This is a sale-leaseback transaction, with the lease commencing upon closing.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Point
- County
- Clay
- State
- Mississippi
- Longitude
- -88.6595
- Latitude
- 33.608
