Listed by Marcus & Millichap - Baton Rouge
$923,077
Pizza Hut Donaldsonville
Details
Property Type Retail
Sub Type Restaurant
Net Rentable (SqFt) 2,310
Cap Rate 6.5%
NOI $60,000
Occupancy 100%
Tenancy Single
Brand/Tenant Pizza Hut
Lease Type Absolute NNN
Rent Bumps Yes
Broker Co-Op Yes
Acreage 1.000
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ownership fee simple
Sale Condition Sale for leaseback
Retail | 6.50% CAP
Marketing description
Sale Leaseback opportunity on an established Pizza Hut with an experienced multi unit operator. Tenant has been at site for 9 years. Located in Donaldsonville which is undergoing an economic revitalization with the construction of the new Hyundai steel plane nearby in addition to a number of existing petro chemical companies and new industrial developments in the immediate area.
Investment highlights
Proven franchisee that operates 15 Pizza Huts and 4 Jersey Mike's Subs. Above avg sales for Pizza Hut in tertiary market with strong operating fundamentals . Will sign 10 year Absolute NNN lease prior to closing with no Landlord responsibilities.
Listing Contacts
Listed by Marcus & Millichap - Baton Rouge
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,000.00
$5,000.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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Property History
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