Skip to Content

Pizza Hut

Magee, Mississippi

Map View

Street View

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

Key Details

Price:
$1,026,087
Cap Rate:
5.75%
Annual Rent:
$59,000
Address:
1533 US Highway 49, Magee, Mississippi 39111
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:
+/-1.22 Acres
Building Size:
1,850 SF
Year Built:
2021
Tenant:
Pizza Hut

Broker of record

Mickey Davis

License: B-15586


Similar Properties

Oil Changers/Subway

2014 Lyndell Terrace Davis, Magee, Mississippi, 95616

TD Bank

106 North Main Street , Magee, Mississippi, 08731

Panera Bread

34180 Monterey Avenue , Magee, Mississippi, 92211

Twisted Rooster

9729 Belleville Road , Magee, Mississippi, 48111