106 Highway 61 S - Restaurant FOR SALE


Natchez, MS 39120 | 
$1,377,778 USD
914-403-7574
106 Highway 61 S, Natchez, MS for Sale
$1,377,778 USD
Restaurant - FOR SALE
1/3
null | 6.75% Cap Rate

106 Highway 61 S
Natchez, MS 39120


HIGHLIGHTS

  • Outparcel to Stine Home & Yard
  • 15-Year Absolute Triple Net (NNN) Lease with Rent Increases
  • Strong Academic and Medical Presence
  • Strong Franchisee Guarantee

OVERVIEW

Surmount is pleased to present the exclusive listing for a Pizza Hut located at 106 U.S. 61, Natchez, MS 39120. The site consists of roughly 2,100 rentable square feet of building space on an estimated 1.18-acre parcel of land. Pizza Hut is subject to a 15-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $93,000 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$1,377,778 USD

PRICE/SF

$656 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

914-403-7574

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914-403-7574

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