Current Use by Public Records
- Retail properties & Spaces
Property Details for 840 Ms-35
- Lot size
- 0.47 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 2,080-square-foot Pizza Hut located at 840 MS-35, Forest, MS 39074. The property sits on a 0.47-acre lot and boasts a 100% occupancy rate under a 15-year Absolute NNN lease with approximately 11.8 years remaining. The lease commenced September 10, 2021, and expires September 11, 2036, featuring 10% rent bumps every five years and four, five-year renewal options. The current asking price is $907,692.31, representing a compelling 6.50% cap rate and a price per square foot of $436.39. The property generates a net operating income (NOI) of $59,000 annually. This Pizza Hut is part of a thriving retail corridor, surrounded by national brands such as Subway, Burger King, McDonald's, Little Caesars, CVS Pharmacy, KFC, Tractor Supply Co, Walgreens, Sonic, and Dollar General. The franchisee tenant has a proven track record. The location benefits from strong demographics, including an estimated 8,064 population, 2,883 households, and a median household income of $45,133 within a five-mile radius. This property offers a secure, long-term investment with significant upside potential.
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
- Forest
- County
- Scott
- State
- Mississippi
- Longitude
- -89.4789
- Latitude
- 32.3781
