Listed by Transwestern
$855,000
Pizza Hut
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,471
Cap Rate 5.71%
NOI $48,851
Tenancy Single
Brand/Tenant Pizza Hut, Dominos Pizza
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 04/11/2038
Remaining Term 11.7
Rent Bumps Yes
Lease Options 4 x 5 yrs
Price per SqFt $246
Broker Co-Op Yes
Year Built 2000
Year Renovated 2023
Acreage 1.330
Investment Type Net Lease
Lease Commencement 04/11/2018
Ground Lease No
Ownership Fee Simple
Abs NNN Lease | Annual Rent Increases | Strong Franchisee
Marketing description
Transwestern is pleased to present for sale a single tenant Pizza Hut in Higginsville, Missouri. The subject property is strategically located on Higginsville’s main retail corridor (Hwy 13) along with retailers such as Walmart, Tractor Supply, Taco Bell, NAPA Auto Parts, Dollar General and more. Pizza Hut also benefits from being directly across from Lafayette County’s elementary through high schools. Pizza Hut has operated at this location since 2000 and remodeled in 2023, showing commitment to the site.
Investment highlights
- Absolute NNN lease with 12+ years remaining and 1.50% annual increases.
- Strong franchisee with 126 unit guarantee (Grand Mere Restaurant Group).
- New 20-year lease signed in 2018.
- Low rent at $14.29 per square foot.
- 3,471 SF building on 1.33 AC lot.
- Steady population growth.
Listing Contacts
Listed by Transwestern
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,851.00
$4,070.92/mo
Valuation Metrics
0
DSCR
5.71%
Cap Rate
5.71%
ROI
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