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
LEAD LISTING AGENT
Email
[email protected]
License No.
809509 (TX)
Direct
+1 (512) 692-7489
Mobile
+1 (281) 780-1748
ADDITIONAL LISTING AGENT
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