3321 N Hills St - Car Washes FOR SALE


Meridian, MS 39305
$1,925,926 USD
332-345-4222
3321 N Hills St, Meridian, MS for Sale
$1,925,926 USD
Car Washes - FOR SALE
1/2
null | 6.75% Cap Rate

3321 N Hills St
Meridian, MS 39305


HIGHLIGHTS

  • Triple Net (NNN) Sale-Leaseback | This investment is subject to 20-year sale leaseback upon close of escrow with zero responsibilities.
  • Strong Franchisee Guarantee | This lease will be subject to a strong guarantee from JJB Brands
  • High Traffic Counts and Excellent Visibility | The subject property benefits from direct frontage to the high traffic counts in the area.

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 3321 North Hills Street, Meridian, Mississippi 39305. The site consists of roughly 2046 rentable square feet of building space on an estimated 0.46-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $130,000 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$1,925,926 USD

PRICE/SF

$941 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

127-36-1-0000-000-01905

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.