PIZZA HUT

30 West 150 North, Lagrange, IN 46761
$1,100,000

Cap Rate
8.60%
Price Per SF
$301
Year Built
1977/R2004
Leasable Area
3,654 SF
Term Remaining
±1.4 YRS
NOI
$94,644
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • FAVORABLE LEASE STRUCTURE – The absolute triple net (NNN) lease structure ensures zero landlord responsibilities, providing an investor with long term passive income.
  • FRANCHISEE GUARANTEE – The lease is guaranteed by Peru Pizza Co, a subsidiary of a well-established franchisee, Daland Corp, that operates 94 Pizza Hut locations across 11 states.
  • ATTRACTIVE YIELD AND NOI – The property boasts a cap rate of 8.60%, generating a net operating income (NOI) of $94,644.48. This offers investors an appealing return on investment.
  • LOCATION WITH DRIVE THRU – The site is enhanced by its drive-thru and carry-out window, both of which provide added convenience for customers who are seeking a fast, seamless pickup experience.
  • WELL ESTABLISHED LOCATION – Pizza Hut has a long operating history at this location for over 30 years, establishing a strong local presence and loyal customer base.
  • LARGE LOT SIZE – The Pizza Hut property is situated on a spacious 5.73-acre lot, offering significant flexibility for future redevelopment opportunities.
  • MINIMAL MARKET COMPETITION – The Pizza site benefits from low market competition as it is one of three national quick service restaurant properties in town. Low competition in a tertiary town allows a quick service restaurant to capture a larger share of the market, attracting a steady flow of customers with fewer dining alternatives.

Broker of Record

  • Kyle Matthews
  • License No. RC52200195 (IN)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203