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28827640
28827641

525 S Lk Rd, Scottsburg, IN 47170

ML
OR 201225340
Northmarq - Portland
EE
OR 201253957
Northmarq
Listed by Northmarq - Portland, Northmarq
$1,780,000
153 days on market
Updated 91 days ago
Opportunity zone

Pizza Hut | Scottsburg, IN

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,640
Net Rentable (SqFt) 2,640
Cap Rate 6.67%
NOI $118,800
Occupancy 100%
Tenancy Single
Brand/Tenant Pizza Hut, Buffalo Wild Wings (+2)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/04/2035
Remaining Term 9.2
Rent Bumps Yes
Lease Options 4 x 5 Years
Price per SqFt $674
Year Built 1997
Year Renovated 2009
Buildings 1
Stories 1
Acreage 0.630
Investment Type Net Lease
Lease Commencement 08/04/2020
Ownership Fee Simple

Drive-Thru | Louisville MSA | Top 13% Store Nationwide |

Marketing description

The Northmarq National Restaurant Group is pleased to present this exclusive single-tenant Pizza Hut drive-thru located in the Louisville MSA that has established itself as a top performer. The investment offers a strong combination of performance, operational continuity, an established operator, and nearby traffic drivers. The drive-thru format further enhances long-term functionality and adaptability of the property.

The Pizza Hut sits within a dominant QSR corridor with multiple top performing national brands, primarily anchored by Walmart Supercenter which attracts over 2 million visitors per year. Its hard corner positioning, interstate-exit setting, and proximity to retail and institutional traffic drivers anchor demand from local residents, regional commuters, and interstate travelers. The immediate area has over 400 hotel rooms serving traveler demand, all within a 1-mile radius of the property. There are also over 385 new homes currently in development, demonstrating continued local investment and growth in the area.

Scottsburg itself serves as the county seat for Scott County. As the primary retail and service hub for the surrounding communities, the area attracts a broad consumer base that reliably supports fast-food operators. The combination of institutional anchors, essential services, regional retail draw, and consistent commuter inflow positions the property as a durable QSR investment with long-term stability in one of the market’s most established quick service restaurant corridors.

Investment highlights

HIGH-PERFORMING UNIT | TOP 13% NATIONWIDE

Placer.ai estimates annual sales of $1.4M which is 1.65x the brand's Average Unit Volume, placing this Pizza Hut location in the 87th percentile of stores nationwide. Strong performance is driven by interstate access and regional retailers and services drawing consistent local, commuter, and traveler demand.

ELITE QSR CORRIDOR | WALMART SUPERCENTER ANCHOR

This corridor ranks among the nation’s top-performing quick-service areas, with McDonald’s (97th), Wendy’s (90th), Taco Bell (98th), and Burger King (83rd) all in top percentiles via Placer.ai. The property is primarily anchored by Walmart Supercenter which draws over 2 million visitors annually from Scott County and the surrounding areas.

DRIVE-THRU QSR FORMAT

The building's footprint of 2,640sf and rare drive-thru format offers long-term flexibility for the owner.

ESTABLISHED OPERATOR | 28-YEAR OPERATING HISTORY

Pizza Hut has operated at this location since 1997, demonstrating nearly three decades of consistent performance and entrenched customer loyalty. The long operating history validates the site’s strength as a proven QSR location within the Louisville MSA. Furthermore, IPH Enterprises LLC operates over 29 locations in Iowa, Illinois, Indiana, and Kentucky.

HARD CORNER | HIGH TRAFFIC COUNTS | TIER 1 INTERSTATE CORRIDOR

Strategically positioned at a signalized intersection with 21,691 combined vehicles per day (VPD) on McClain Avenue & S Lake Road, and adjacent to 42,900+ VPD on I-65. The site captures over 14 million annual vehicles along the primary Louisville–Indianapolis corridor, drawing from two major population centers just 30 minutes from Louisville and 90 minutes from Indianapolis. Due to the high volume of traffic, there are over 400+ hotel rooms within 1-mile of the property serving interstate travelers.

LOUISVILLE MSA LOCATION | COUNTY SEAT WITH INSTITUTIONAL ANCHORS | REGIONAL RETAIL HUB

Located within the Louisville MSA, Scottsburg serves as the County Seat and governmental hub of Scott County. Key employers and institutions include Scott County Government, Indiana BMV, INDOT, Scott County School District, Ivy Tech Community College, the Scott County Chamber of Commerce, and Norton Scott Hospital. Scottsburg also functions as the primary retail and service hub for Scott County, drawing more than 8,000 daily commuters from surrounding communities. The area’s institutional presence and retail corridor, including Walmart, AutoZone, Goodwill, and essential hometown services, anchors strong daytime traffic and steady QSR demand.

Listing Contacts

ML
OR 201225340
Northmarq - Portland
EE
OR 201253957
Northmarq
Listed by Northmarq - Portland, Northmarq

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$118,800.00
$9,900.00/mo

Valuation Metrics

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DSCR
6.67%
Cap Rate
6.67%
ROI

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Additional Information

Name
Tom Fritz
License
IN Lic. #RB14048630
Title
Broker of Record
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