42485 E Morgan Ave, Pennington Gap, VA 24277

Introducing a lucrative investment opportunity in Pennington Gap, Virginia! Tasty Hut of VA, LLC dba Pizza Hut is the proud tenant at 42485 E. Morgan Avenue, offering a single-tenant absolute NNN lease with an impressive 17 years remaining. Annual rental increases and a strong guarantor with over 200 units set this property apart. This 2,304 SF property, built in 1980 and remodeled in 2017, boasts a 7.50% cap rate, generating a net operating income of $72,000. The lease includes 1.50% annual increases, four 5-year options, and zero landlord responsibilities, ensuring a hassle-free investment. Tasty Hut, LLC, the 200+ unit operator, demonstrates long-term commitment. Don't miss the chance to own a property with a brand-new 17-year lease, operated by a powerhouse in the QSR industry.