Pizza Hut
Retail | 6.00% CAP | 1,500 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Pizza Hut sale-leaseback located at 1236 Saint Georges Avenue, Avenel, NJ 07001. The site consists of roughly 1,500 rentable square feet of building space on an estimated .34-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) l ease which will commence upon close of escrow. The annual rent will be $75,000 and has scheduled increases of 2.00% Annually
Investment highlights
Strong Unit-Level Performance | This Pizza Hut property benefits from strong underlying performance that exceeds the national average for the Pizza Hut system. Please contact the listing team for 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.
High-Traffic Retail Corridor | The property fronts Saint Georges Avenue, a primary commercial corridor with approximately 22,900 vehicles passing by the site each day.
Affluent Demographics | Average household incomes exceed $120,000 within three miles, supporting strong discretionary consumer spending.
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