7003 Us-45 AltWest Point, MS 39773

Property Details for 7003 Us-45 Alt

Year built

2023

Lot size

1.67 AC

Property size (Sq ft)

1,900 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a newly built (2023) Pizza Hut restaurant in West Point, Mississippi. Located at 7003 US-45 ALT, this 1,900 square foot property sits on a 1.67-acre lot. The property is currently 100% occupied under a 15-year absolute triple-net (NNN) lease with a franchisee tenant, offering a secure and passive income stream. The annual net operating income (NOI) is $85,000, resulting in a compelling 6.75% capitalization rate. The lease features a significant advantage: a 10% rent increase every five years throughout the initial 15-year term and each of the four, five-year renewal options, extending the potential lease term to 35 years. This provides substantial long-term growth and stability for the investor. The asking price is $1,259,259, translating to $662.77 per square foot. This is a rare chance to acquire a high-performing, established restaurant with a secure, long-term lease in a prime location. The property's strong financials and lease terms make it an attractive addition to any investment portfolio. This is a sale-leaseback transaction, with the lease commencing upon closing.

Location Insight

City

West Point

County

Clay

State

Mississippi

Latitude

33.608

Longitude

-88.6595

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