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3321 N Hills St - Pizza Hut 2,046 SF Specialty Building Offered at $1,925,926 at a 6.75% Cap Rate in Meridian, MS 39305
Investment Highlights
- Triple Net (NNN) Sale-Leaseback | This investment is subject to 20-year sale leaseback upon close of escrow with zero responsibilities.
- High Traffic Counts and Excellent Visibility | The subject property benefits from direct frontage to the high traffic counts in the area.
- Strong Franchisee Guarantee | This lease will be subject to a strong guarantee from JJB Brands
Executive Summary
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.
Property Facts
| Price | $1,925,926 | Building Class | C |
| Price Per SF | $941.31 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 2,046 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1990 |
| Property Subtype | Car Wash | Parking Ratio | 4.4/1,000 SF |
| Price | $1,925,926 |
| Price Per SF | $941.31 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 2,046 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Parking Ratio | 4.4/1,000 SF |
Property Taxes
| Parcel Number | 127-36-1-0000-000-01905 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $19,920 |
Property Taxes
Parcel Number
127-36-1-0000-000-01905
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$19,920
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3321 N Hills St - Pizza Hut
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