REIT Sale | Former Pizza Hut | 14K VPD | Walmart Shadow

Description:

Ri Marketplace Online Auction October 27th-29th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2757/reit-sale-former-pizza-hut-14k-vpd-walmart-shadow?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2757

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing, second-generation restaurant/retail building located at 506 Highway 82 W in Indianola, MS 38751 (the “Property”). Formerly occupied by Pizza Hut, the Property is being offered significantly below replacement cost, providing an attractive opportunity for both owner/users and investors to acquire a high-visibility asset in a well-trafficked commercial corridor. FIRST BID MEETS RESERVE!

Built in 2000, the Property consists of a single-story, free-standing retail building totaling ±3,756 square feet, situated on a ±0.9549 acre parcel (±41,596 SF). Positioned adjacent to Dollar Tree and proximate to a Walmart-anchored retail center, the site includes 60 surface parking spaces and offers ±207 feet of prime frontage US Highway 82, with outstanding accessibility, highway pylon signage, and exposure to over 14,000 vehicles per day (VPD). The existing restaurant infrastructure makes the Property well-suited for restaurant reuse, retail repositioning, or complete redevelopment. Previously leased on a triple net (NNN) basis, the Property presents a compelling value-add opportunity to re-lease the space at market rents (CoStar estimated retail rents: $16-20/SF NNN). Zoned C-3, Highway Commercial Zone, the site allows for a broad range of retail, service, and commercial uses, offering significant operational flexibility.

The Property is located in Indianola, Mississippi, the county seat of Sunflower County and a central hub of the Mississippi Delta region. Positioned along U.S. Highway 82, the site benefits from excellent visibility and connectivity to major regional thoroughfares, including U.S. Highway 49W, which provides direct access to Greenwood (±30-Mi east) and Yazoo City (±55-Mi south). The surrounding trade area features a strong mix of national and regional retailers such as Walmart Supercenter, Dollar Tree, Domino’s Pizza, Subway, Sonic, McDonald’s, and Shell, which serve both local residents and travelers along this heavily trafficked corridor. The Property is situated just minutes from downtown Indianola, home to the renowned B.B. King Museum & Delta Interpretive Center, a cultural landmark that attracts steady year-round visitation and contributes to the area’s economic vitality. The city also benefits from a robust institutional presence, including Indianola Academy (±700 students) and South Sunflower County Hospital, a 49-bed acute care facility located less than half a mile from the Property. In addition, the Dollar General Distribution Center, one of the largest facilities in the Delta with ±850,000 SF of warehouse and office space and a staff of 500, is located within 1-Mi of the site. The Property is positioned within a dense and established trade area, with ±9,767 residents within a 5-Mi radius and an average household income of $54,645, reinforcing the strength of the location for both retail and service-oriented uses.


William Head
c/o Fisher Auction Company Inc.
License: 892
Broker #: 19794
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

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