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Restaurant

Pizza Hut

1533 US 49, Magee, MS 39111

Listing Price: $1,026,087

Cap Rate
5.75%
Tenant Name
JJB Pizza
Gross SF
1,850
Guarantor
Franchisee Guarantee
Rentable SF
1,850
Price/Gross SF
$554.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.89

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut located in Magee, MS. This property is subject to a new 15-year triple-net (NNN) lease. The offering consists of approximately 1,850 rentable square feet of building space and sits on approximately 1.22 acres of land. The current annual rent is $59,000 and is subject to 10% rental increases every 5 years with four, five-year tenant renewal option periods.

Investment Highlights

  • Long-Term, 15-Year Triple Net (NNN) Lease
  • 10% Annual Rental Increases Every 5 Years
  • Four (4), Five (5)-Year Tenant Renewal Option Periods

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Listing Price: $1,026,087

Cap Rate
5.75%
Tenant Name
JJB Pizza
Gross SF
1,850
Guarantor
Franchisee Guarantee
Rentable SF
1,850
Price/Gross SF
$554.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.89

Investment Highlights

  • Long-Term, 15-Year Triple Net (NNN) Lease
  • 10% Annual Rental Increases Every 5 Years
  • Four (4), Five (5)-Year Tenant Renewal Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut located in Magee, MS. This property is subject to a new 15-year triple-net (NNN) lease. The offering consists of approximately 1,850 rentable square feet of building space and sits on approximately 1.22 acres of land. The current annual rent is $59,000 and is subject to 10% rental increases every 5 years with four, five-year tenant renewal option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Mickey Davis

    Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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