Giovanni's Pizza
Retail | 6.25% CAP | 1,812 SqFt
Marketing description
Giovanni’s Pizza | NN Investment Opportunity | High-Traffic Retail Corridor
Take advantage of this rare opportunity to acquire a fee-simple, single-tenant retail asset leased to Giovanni’s Pizza, a well-established regional brand with over 100 locations across six states. Founded in 1967, Giovanni’s has earned a loyal customer base and strong market presence.
Offered at $595,000 with a 6.25% cap rate, this investment generates a stable net operating income of $37,173 annually. The tenant operates under a NN lease with 3 years and 1 month remaining, providing predictable cash flow with Tenant responsible for interior of the building, parking lot, all lighting electrical, plumbing HVAC repairs, all utilities, property taxes, and HVAC preventative maintenance,
Landlord responsible for insurance, HVAC replacement (newly installed HVAC in 2024), exterior structure, roof. There are no renewal options, offering flexibility for future repositioning or re-leasing upside.
Strategically positioned along a major retail and traffic corridor, the property benefits from high visibility, excellent frontage, and two convenient access points. It also features drive-through access, catering to today’s convenience-driven consumers.
Located directly across from the largest Kroger in Kentucky, the site is surrounded by a dynamic mix of national and regional retailers including Chipotle, Starbucks, Wendy’s, Dunkin’, and Valvoline, enhancing traffic and consumer synergy. Additional parking is available via an adjacent lot, further supporting customer accessibility and operational ease.
This is an ideal investment for buyers seeking passive income, strong location fundamentals, and a recognized tenant in a thriving retail corridor.
Investment highlights
Investment Highlights
Established Brand Tenant
Giovanni’s Pizza has been a trusted name since 1967, now operating 100+ locations across 6 states, offering tenant stability and brand recognition.Attractive Pricing and Returns
Offered at $550,000 with a 6.75% CAP Rate, this asset delivers a strong annual NOI of $37,173, ideal for passive investors.NN Lease
NN-net lease with landlord responsible for insurance, HVAC replacement (newly installed HVAC in 2024), exterior structure, roof. There are no renewal options, offering flexibility for future repositioning or re-leasing upside. , ensuring hands-off income through the remaining lease term of 3 years and 10 months.Prime Retail Location
Positioned along a high-traffic retail corridor with excellent road frontage and dual access points, maximizing visibility and ease of access.Drive-Thru Equipped
Includes a drive-through lane, increasing tenant value and consumer convenience in today’s fast-casual market.High-Profile Retail Trade Area
Located across from the largest Kroger in Kentucky and surrounded by national and regional retailers including Chipotle, Starbucks, Wendy’s, Dunkin’, and Valvoline—a proven destination retail hub.Additional Parking Availability
Overflow parking available in the adjacent lot, enhancing site functionality for customers and delivery drivers.Future Repositioning Potential
With no lease renewal options, investors gain flexibility for future re-leasing or value-add strategies after lease expiration.
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