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Pizza Hut

Jackson, Mississippi

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Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut located in Jackson, MS. This property is subject to a new 15-year triple-net (NNN) lease. The offering consists of approximately 1,400 rentable square feet of building space and sits on approximately 1.70 acres of land. The current annual rent is $80,500 and is subject to 10% rental increases every 5 years with four, five-year tenant renewal option periods.

About the Investment:

  • Long-Term, 15-Year Triple Net (NNN) Lease
  • 10% Annual Rental Increases Every 5 Years
  • Four (4), Five (5)-Year Tenant Renewal Option Periods
  • Strong Guarantor Real Estate Profile | 90+ Unit Operator, 10 Additional Units Anticipated for Construction-Completion in 2021

About the Location:

  • Dense Retail Corridor | McDonald’s, Wendy’s, Popeyes, a Saks Fifth Ave Operations Center, Burger King, Shell, Firestone, Dollar Tree, Taco Bell, KFC, Captain D’s, and Many More
  • Strong Academic Presence | Jackson State University | Under Two Miles From Subject Property | Home to Just Under 10,000 Undergraduate Students
  • Robust Demographics | Over 107,000 Residents Within a Five-Mile Radius & Over 263,300 Residents Within a Ten-Mile Radius
  • Merit Health Central | Located Less than Three Miles from Subject Property | 319-Bed Short-Term Acute Care Facility Servicing Central Mississippi for Over 40 Years
  • Hospitality Accommodations in Immediate Area | La Quinta Inn & Suites, OYO Hotel, Hilton Garden Inn, The Westin, Quality Inn & Suites, Holiday Inn Express & Suites, Hampton Inn & Suites, Among Various Others
  • Proximity to Experiential Real Estate | Within Two Miles of Subject Property | Jackson Zoo & Mississippi Museum of Art

About the Tenant/Brand:

  • JJB Pizza | Third Highest Ranked Operator in the Entire Pizza Hut System
  • Experienced Management Team | Executives Average 25 Years of Experience in the Restaurant & Service Industry
  • Pizza Hut employs 150,000 people across 6,300 locations in the United States
  • 16,409 total units across the world in 103 countries and territories | 97% operated by franchisees
  • Part of Yum! Brands | 45,000 units total in 103 countries and territories
  • Conglomerate devoted to growing and evolving KFC, Taco Bell, and Pizza Hut into iconic, distinctive and relevant global brands

Key Details

Price:
$1,400,000
Cap Rate:
5.75%
Annual Rent:
$80,500
Address:
2439 US-80, Jackson, Mississippi 39204
Property Type:
Net-Leased Restaurant
Lease Type:
Triple-Net

Original Lease Term:
15 Years
Lease Commencement:
Close of Escrow
Lease Expiration:
15 Years From Close of Escrow
Lease Term Remaining:
15 Years
Rental Increases:
10% Every 5 Years
Lot Size:
+/- 1.70 Acres
Building Size:
1,400 SF
Year Built:
2021
Tenant:
Pizza Hut

Broker of record

Mickey Davis

License: B-15586


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