1313 Park Ave Greenwood, MS 38930
- Commercial real estate
- 1,932 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1313 Park Ave
- Year built
- 2022
- Property size
- 1,932 SF
- Property type
- Commercial real estate
- APN
- 8509020602100
- APU
- 8509020602100
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenwood
- County
- Leflore
- State
- Mississippi
- Longitude
- -90.2047
- Latitude
- 33.5262
- CBSA code
- 24900
- CBSA name
- GREENWOOD, MS MICROPOLITAN STATISTICAL AREA
