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

1st Heritage Credit
Checkers
Bestway Rent-To-Own
Krystal
Planet Fitness
Starbucks
Kroger
Renasant Bank
McAlister's Deli
Cadence Bank

PROPERTY TAXES

  • Listing ID: 34871814

  • Date on Market: 2/19/2025

  • Last Updated:

  • Address: 904 US-72, Corinth, MS 38834