106 Highway 61 S - Restaurant FOR SALE


Natchez, MS 39120
$1,777,778 USD
332-345-4222
106 Highway 61 S, Natchez, MS for Sale
$1,777,778 USD
Restaurant - FOR SALE
1/2
null | 6.75% Cap Rate

106 Highway 61 S
Natchez, MS 39120


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.
  • Strong Franchisee Guarantee | The lease will feature a guarantee from JJB Brands.
  • Outparcel to Stine Home & Yard | The subject property sits at the entrance to a Stine Home & Yard.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,777,778 USD

PRICE/SF

$847 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

B-4

APN/PARCEL ID

0079-0001-0018.2

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.