Pizza Hut

Magee, Mississippi

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.

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 | Walmart, McDonald’s, Taco Bell, KFC. Walgreens, Wendy’s, Dollar Tree, Subway, Dollar General, Popeye’s Circle K, AutoZone, and Many More
Magee General Hospital | Located Less than a Mile from the Subject Property |Emergency Department and Level IV Trauma Center Servicing Simpson County
Copiah-Lincoln Community College Simpson | Less than Six Miles from Subject Property | 1,000+ Students Enrolled
Strong Academic Corridor | Multiple Schools within a Two-Mile Radius Boasting a Total Combined Enrollment Exceeding 1,600 Students

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 thousand 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