Pizza Hut 12 Years NNN Lease
2,265 SF | Retail Building | Forest, MS 39074 | $983,000 ($434/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $983,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,265 SF
- Price / Square Foot
- $434
Listing Contacts
Robert Gamzeh
Verified Profile
- Property Info
Property Overview
Investment Highlights
- Long term lease—12 Years remaining
- JJB Brands—A franchisee of Pizza Hut, Checkers/Rally’s, and Moe’s Southwest Grill. Currently operating over 104 locations in five states with plans to expand.
- Absolute NNN Lease, RTS ratio of 7.3%
- Strong Academic corridor. Multiple schools within a 2 mile radius with combined enrollment exceeding 1,000 students.
- Four, Five-Year Renewals Options
- Dense Retail Corridor, nearby tenants include Sonic, McDonald's, Subway, Little Caesars, CVS, Tractor Supply Co, Walgreens, Burger King, Dollar General, and many more
Property Summary
Triple Net Investment Group is proud to present Pizza Hut located on 840 Highway 35 N, Forest, MS 39074. The tenant, Pizza Hut, initially signed a 15 year NNN lease which commenced on Sep 2021 leaving over 12 years remaining on the lease. The Pizza Hut property is situated on 0.47+ Acres of land and has a building size of 2,080+ Sq ft. This location features demographics with an estimate of 8,064 population, 2,883 Household count, and an Median Household income of $45,133 - all in a 5 mile radius. This dense retail corridor has many national tenants such as Subway, Burger King, McDonald's, Little Caesars, CVS Pharmacy, KFC, Tractor Supply Co, Walgreens, Sonic, Dollar General, and many more. In 2023, this location had a rent to sales ratio of 7.3%.
In association with Brian Brockman, Bang Realty of Mississippi
- Long term lease—12 Years remaining
- JJB Brands—A franchisee of Pizza Hut, Checkers/Rally’s, and Moe’s Southwest Grill. Currently operating over 104 locations in five states with plans to expand.
- Absolute NNN Lease, RTS ratio of 7.3%
- Strong Academic corridor. Multiple schools within a 2 mile radius with combined enrollment exceeding 1,000 students.
- Four, Five-Year Renewals Options
- Dense Retail Corridor, nearby tenants include Sonic, McDonald's, Subway, Little Caesars, CVS, Tractor Supply Co, Walgreens, Burger King, Dollar General, and many more
Property Summary
Triple Net Investment Group is proud to present Pizza Hut located on 840 Highway 35 N, Forest, MS 39074. The tenant, Pizza Hut, initially signed a 15 year NNN lease which commenced on Sep 2021 leaving over 12 years remaining on the lease. The Pizza Hut property is situated on 0.47+ Acres of land and has a building size of 2,080+ Sq ft. This location features demographics with an estimate of 8,064 population, 2,883 Household count, and an Median Household income of $45,133 - all in a 5 mile radius. This dense retail corridor has many national tenants such as Subway, Burger King, McDonald's, Little Caesars, CVS Pharmacy, KFC, Tractor Supply Co, Walgreens, Sonic, Dollar General, and many more. In 2023, this location had a rent to sales ratio of 7.3%.
In association with Brian Brockman, Bang Realty of Mississippi
Property Details
- Class
- C
- Year Built
- 1981
- Stories
- 1
- Lot Size (sq. ft)
- 20,473 SF
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