Pizza Hut
Retail | 6.00% CAP | 3,054 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Pizza Hut sale-leaseback located at 777 Manor Street, Lancaster, PA 1 7603. The site consists of roughly 3,054 rentable square feet of building space on an estimated .31 -acre parcel of land. Pizza Hut is subject to a 20 -year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $59,405 and has scheduled increases of 2.00% Annually.
Investment highlights
Strong Unit-Level Performance | This Pizza Hut property benefits from strong underlying unit-level performance. Please contact the listing team for additional details.
Franchisee-Guaranteed Lease | The lease is guaranteed by Chaac Foods, an experienced multi-unit Pizza Hut operator with over 112+ high-performing locations throughout the Northeastern United States.
Long-Term Operating History | The subject investment property benefits from a long-term, successful operating history of over 15+ years at this location.
Established Neighborhood Retail Corridor | Manor Street serves as a primary east-west connector with approximately 16,000 vehicles per day and strong neighborhood visibility.
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