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Pizza Hut 106 Highway 61 S 2,100 SF Retail Building Natchez, MS 39120 $2,481,636 CAD ($1,181.73 CAD/SF) 6.75% 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.
- Outparcel to Stine Home & Yard | The subject property sits at the entrance to a Stine Home & Yard.
- 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 106 U.S. 61, Natchez, Mississippi 39120. The site consists of roughly 2100 rentable square feet of building space on an estimated 1.18-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 $120,000 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
C
Year Built
2006
Price
$2,481,636 CAD
Price Per SF
$1,181.73 CAD
Cap Rate
6.75%
NOI
$167,510 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.18 AC
Zoning
B-4 - Business District
Parking
21 Spaces
Frontage
208’ on Sgt Prentiss Drive
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0079-0001-0018.2 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $121,519 CAD |
PROPERTY TAXES
Parcel Number
0079-0001-0018.2
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$121,519 CAD
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Pizza Hut | 106 Highway 61 S
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