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31796783
23348036

5180 Dickenson Hwy, Clintwood, VA 24228

MB
GA 385824
SRS Real Estate Partners Atlanta
JS
FL SL3602815, NY 10401372142
SRS Real Estate Partners Tampa
WW
FL SL3257920
SRS Real Estate Partners Tampa
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Atlanta, SRS Real Estate Partners Tampa
$1,015,000
24 days on market
Updated 21 days ago
Opportunity zone

Pizza Hut - Clintwood VA

Details
APN 00000000000890
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,912
Cap Rate 7.5%
NOI $76,125
Occupancy 100%
Tenancy Single
Brand/Tenant Pizza Hut
Lease Type Absolute NNN
Lease Term 17
Lease Expiration 11/30/2041
Remaining Term 15.5
Rent Bumps Yes
Lease Options 4 (5-Year)
Broker Co-Op Yes
Year Built 1978
Buildings 1
Stories 1
Acreage 0.730
Zoning General Commercial
Parking Spaces 32 spaces
Parking Per SqFt 10.99
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/01/2024
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

New 17 Yr Lease | 1.50% Annual Increases

Marketing description

Introducing an exceptional investment opportunity at 5180 Dickenson Highway in Clintwood, Virginia - a prime Absolute NNN property. With a long-term lease of 17 years remaining, this single-tenant property boasts annual rental increases and is backed by a solid guarantee from Tasty Hut, LLC, a reputable operator with 200+ units. The property features a rentable area of 2,912 SF on a spacious 0.73 AC land, constructed in 1978. With a net operating income of $75,000 and a cap rate of 7.50%, this offering presents a lucrative investment opportunity with a triple net lease structure - meaning zero landlord responsibilities. Don't miss out on this turnkey investment with a strong tenant commitment, consistent rental growth, and prime location drawing in 7,600 vehicles per day. Reach out now to capitalize on this lucrative deal at 5180 Dickenson Highway!

Investment highlights

  • New 17-Year Lease | Tasty Hut, LLC - Strong Operator | Annual Rental Increases | Options to Extend

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Located Along Dickenson Hwy | Dickenson Community Hospital | Strong National/Credit Tenant Presence | Nearby School

  • Strong Demographics in 5-mile Trade Area

Listing Contacts

MB
GA 385824
SRS Real Estate Partners Atlanta
JS
FL SL3602815, NY 10401372142
SRS Real Estate Partners Tampa
WW
FL SL3257920
SRS Real Estate Partners Tampa
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Atlanta, SRS Real Estate Partners Tampa

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,125.00
$6,343.75/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Andrew Fallon
License
VA License No. #0225193951
Brokerage
SRS National Net Lease Group, LP
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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