Moe's & Pizza Hut 5806 Terry Rd 3,900 SF 100% Leased Retail Building Byram, MS 39272 $3,200,000 ($820.51/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Absolute Triple Net (NNN) | Lease At closing the tenant will execute a brand-new 15-year absolute triple net lease.
- Strong Franchisee Guarantee | The lease will feature an excellent guarantee from JJB Pizza/JJB Tacos.
- Attractive Rent Increases | The lease will feature scheduled increases of 10% Every 5 Years.
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Moe’s & Pizza Hut located at 5806 Terry Road, Byram, MS 39272. The site consists of roughly 3,900 rentable square feet of building space on an estimated 0.6-acre parcel of land. This Moe’s & Pizza Hut is subject to a 15-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $200,000 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,900 SF
Building Class
B
Year Built
2023
Price
$3,200,000
Price Per SF
$820.51
Cap Rate
6.25%
NOI
$200,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.60 AC
Parking
44 Spaces (11.28 Spaces per 1,000 SF Leased)
Frontage
403’ on Terry Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $395,174 | |
| Land Assessment | $72,565 | Total Assessment | $467,739 |
CONTACTS
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Howie Curd -
John McHugh -
NNN Pro Group
