Pizza Hut
Retail | 5.22% CAP | 2,626 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 200 Franklin Springs Circle, Royston, GA 30662. The site consists of roughly 2,626 rentable square feet of building space on an estimated .09-acre parcel of land. Pizza Hut is subject to a 25-year Triple Net (NNN) lease, which commenced on January 1, 2021. The current annual rent is $67,925 and has scheduled increases of 10.00% Every 5 Years. The lease is guaranteed by Ayvaz Pizza, the #2 largest Pizza Hut Franchisee with 350+ units across the United States.
Investment highlights
Absolute Triple - Net (NNN) Lease | Zero (0) Landlord Responsibilities | The property is subject to an absolute triple - net (NNN) lease with zero (0) landlord responsibilities, offering a prospective landlord with truly passive income
Recently Executed Twenty - Five (25) - Year Lease | Approximately Twenty (20) Years Remaining The property was original build - to- suit construction for the tenant who signed a twenty five year lease with the landlord commencing in 2021, showing strong site commitment.
Ten Percent (10.00%) Rental Increases Every 5 Years & In Options | The lease features 10.00% rental increases every five years including in the tenant's four, five- year option periods.
0.90 - Acre Lot | 2,626 Square - Foot Building | Large Pylon Sign With Visibility Along Franklin Springs St | Royston’s Main Retail Corridor The subject property is a 2,626 square - foot building situated on a 0.90 - acre lot. There is a large pylon sign along Franklin Springs Circle.
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