840 Highway 35 N - Fast Food FOR SALE


Forest, MS 39074
$907,692 USD
202-361-3050
840 Highway 35 N, Forest, MS for Sale
$907,692 USD
Fast Food - FOR SALE
1/2
null | 6.5% Cap Rate

840 Highway 35 N
Forest, MS 39074


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

FOR SALE DETAILS

PRICE

$907,692 USD

PRICE/SF

$401 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut 12 Years NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

-

APN/PARCEL ID

3-082L-00-060-00-01500

ASK ABOUT THIS PROPERTY

Robert GamzehTriple Net Investment Group Inc.More Info
202-361-3050

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Robert GamzehTriple Net Investment Group Inc.More Info
202-361-3050

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