Listed by SRS Real Estate Partners Newport Beach
$961,000
Pizza Hut
Details
APN R000020481
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 1,963
Cap Rate 8%
NOI $76,857
Tenancy Single
Brand/Tenant Pizza Hut
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/29/2033
Remaining Term 7.3
Rent Bumps Yes
Lease Options 4 (5-Year)
Year Built 1964
Acreage 0.500
Zoning RR: Regional Retail District
Parking Spaces 20 spaces
Parking per 1,000 SqFt 10.19
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 10/30/2018
Ownership Fee Simple (Land & Building)
Retail | 8.00% CAP | 1,963 SqFt
Investment highlights
Franchisee Guaranteed Lease | Options To Extend | Annual Rental Increases
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Planet Fitness Anchored Center | Midland Memorial Hospital |Dense Retail Corridor
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$76,857.00
$6,404.75/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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