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Pizza Hut

McComb, Mississippi

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NNN Pro Group is pleased to present the exclusive listing for a Pizza Hut located at 1212 Delaware Avenue in McComb, MS. The site consists of roughly 3,096 rentable square feet of building space on estimated 0.78-acre parcel of land. This Pizza Hut will be subject to a 15-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $102,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options.

About the Investment:

✓ Relocation Site | Tenant is Moving from a Location Less than a Mile Away
✓ Long-Term, 15-Year Triple Net (NNN) Lease
✓ 10% Rental Increases Every 5 Years
✓ Four (4), Five (5)-Year Tenant Renewal Option Periods
✓ 100+ Unit Operator | Tenant Entity Comprised of Approximately 52 Units

Key Details

Price:
$1,500,000
Cap Rate:
6.80%
Annual Rent:
$102,000
Address:
1212 Delaware Avenue, McComb, Mississippi 39648
Property Type:
Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
COE
Lease Expiration:
20 Years from COE
Lease Term Remaining:
20 Years
Rental Increases:
10% Every 5 Years
Lot Size:
0.78 Acres
Building Size:
3,096 SF
Year Built:
1996
Year Renovated:
2023
Tenant:
Pizza Hut

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Howard Curd

License: 10401339720

Broker of record

Brian Brockman

Bang Realty of Mississippi, Inc

License: 21542


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