904 US-72 - Restaurant FOR SALE


Corinth, MS 38834
$1,642,857 USD
332-345-4222
904 US-72, Corinth, MS for Sale
$1,642,857 USD
Restaurant - FOR SALE
1/2
null | 7% Cap Rate

904 US-72
Corinth, MS 38834


HIGHLIGHTS

  • 15-Year Absolute Triple Net (NNN) Lease with Rent Increases | At closing the tenant will execute a brand-new 15-year absolute triple net lease.
  • Strong Franchisee Guarantee | The lease will feature a guarantee from JJB Brands.
  • Excellent Frontage on US-72 | The subject property benefits from its location on US Hwy 72 which is one of the main throughways in the area.

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 904 U.S. 72, Corinth, Mississippi 38834. The site consists of roughly 2100 rentable square feet of building space on an estimated 0.55-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 $115,000 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$1,642,857 USD

PRICE/SF

$782 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

-

APN/PARCEL ID

0801-12-4C-02200

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.