7003 US-45 ALT - Restaurant FOR SALE


West Point, MS 39773
$1,259,259 USD
332-345-4222
7003 US-45 ALT, West Point, MS for Sale
$1,259,259 USD
Restaurant - FOR SALE
1/2
null | 6.75% Cap Rate

7003 US-45 ALT
West Point, MS 39773


HIGHLIGHTS

  • ? Long-Term, 15-Year Absolute Triple Net (NNN) Sale-Leaseback
  • ? Lease Commencement Upon Close of Escrow
  • ? 10% Rental Increases Every 5 Years

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Pizza Hut located at 7003 US-45 ALT, West Point, MS. The site consists of roughly 1,900 rentable square feet of building space on estimated 1.67-acre parcel of land. This Pizza Hut will be subject to a 15-year absolute triple-net (NNN) lease, which commenced at the close of escrow. The annual rent will be $85,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,259,259 USD

PRICE/SF

$663 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

-

APN/PARCEL ID

082A310A-0190000

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.