Listed by SRS Louisville, SRS Real Estate Partners Louisville
$685,000
Pizza Hut
Details
APN 292771
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,008
Cap Rate 7.28%
NOI $49,877
Tenancy Single
Brand/Tenant Pizza Hut
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 11/30/2032
Remaining Term 6.4
Rent Bumps Yes
Lease Options 4 (5-Year)
Year Built 2020
Acreage 1.000
Zoning General Commercial
Parking Spaces 14 spaces
Parking per 1,000 SqFt 6.97
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/27/2020
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 7.28% CAP | 2,008 SqFt
Investment highlights
- 6+ Years Remaining | Scheduled Rental Increases | Strong Franchisee
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Along Florida Blvd | Interstate 20 | Dense Retail Corridor
- Strong Demographics in 5-Mile Trade Area
Listing Contacts
Listed by SRS Louisville, SRS Real Estate Partners Louisville
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,877.00
$4,156.42/mo
Valuation Metrics
0
DSCR
7.28%
Cap Rate
7.28%
ROI
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