Pizza Hut
Retail | 6.75% CAP | 2,365 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 1010 N State St, Greenfield, IN 46140. The site consists of roughly 2,365 rentable square feet of building space on an estimated 0.45-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which commenced 6/1/2025. The current annual rent is $76,899 and has scheduled increases of 1.50% annually.
Investment highlights
Brand-New Long-Term Lease | This Pizza Hut is subject to a brand new 15-year triple-net (NNN) lease that commenced on 6/1/2025, offering true passive ownership. With zero landlord responsibilities and a national brand tenant in place, the investment offers predictable cash flow and minimal management.
Strong Franchisee Guarantee | The lease features a strong franchisee guarantee from Quality Huts, LLC, a subsidiary of Quality Restaurant Group, reinforcing tenant stability and operational expertise. Quality Restaurant Group is a highly experienced operator across multiple quick service restaurant brands comprising of ~380 total units under their parent umbrella.
High-Traffic Corridor | Strategically located along N State Street, the property benefits from strong visibility with an average daily traffic count exceeding 20,000 vehicles, driving consistent exposure and customer access.
Retail Corridor Presence | The property is located in the heart of Greenfield’s main retail corridor, benefiting from immediate proximity to Brandywine Plaza and Green Meadows Shopping Center, which house a diverse mix of essential retail, dining, and service tenants.
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