Asking Price: $1,308,343
Building Size: 3,478 SQ FT
Lot Size: 31799
Cost per Square Foot: $376.18
Cap Rate: 10.50%
Trinity REIS is pleased to present the opportunity to acquire a Pizza Hut in Tupelo, MS. The NNN lease has 2.5 years remaining on the primary term. The subject property has great visibility situated near a Walmart Supercenter and Dollar Tree strip center, attracting over 25,000+ vehicles per day on one of Tupelo's main thoroughfares.
The Subject Property is part a single-tenant net lease portfolio. For more information regarding this property, or the 8 others in the portfolio, please reach out to Trinity REIS. The portfolio consist of 9 properties for a total purchase price of $15M with a blended cap rate of 7.72% and average lease term remaining of 9 years. Other tenants in the portfolio; Burger King (corporate), Gerber Collision, Dollar General, EZ Pawn and more.
Key Points: Absolute NNN Pizza Hut - 2.5 Years Remaining on Lease Out Parcel to Walmart Supercenter and Dollar Tree Strip Center 46,000+ 5 Mile Population - Tupelo Has a Population Over 38,000 Great Traffic in Front of Subject Property - 25,000+VPD Very Strong Guaranty - NPC International is 5th Largest Restaurant Operator in the United States Located Along Main Retail Corridor Through City Great Access and Parking - Drive Through Location