Pizza Hut 904 US-72 2,100 SF Retail Building Corinth, MS 38834 $1,642,857 ($782.31/SF) 7% Cap Rate
INVESTMENT 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.
- 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.
- Strong Franchisee Guarantee | The lease will feature a guarantee from JJB Brands.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,100 SF
Building Class
B
Year Built
2024
Price
$1,642,857
Price Per SF
$782.31
Cap Rate
7%
NOI
$115,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.55 AC
Opportunity Zone
Yes
Parking
7 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
53’ on U.S. 72
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0801-12-4C-02200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $9,000 |
CONTACTS
-
Glen Kunofsky -
Matthew Anuszkiewicz -
John McHugh -
NNN Pro Group
