Listed by SURMOUNT
$999,063
Pizza Hut
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,656
Cap Rate 8%
NOI $79,925
Occupancy 100%
Tenancy Single
Brand/Tenant Pizza Hut
Lease Type NNN
Lease Term 20
Remaining Term 20
Price per SqFt $376
Year Built 1989
Acreage 0.420
Investment Type Net Lease
Tenant Credit Franchisee
Ownership Fee Simple
Retail | 8.00% CAP | 2,656 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 4900 2nd Ave, Great Falls, MT 59405. The site consists of roughly 2,656 rentable square feet of building space on an estimated 0.42-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $79,925 and has scheduled increases of 2.00% annually starting year 7.
Investment highlights
- Strong Franchisee Guarantee | The lease is subject to a strong franchisee guarantee from Grand Mere Restaurant Group (145 units). Grand Mere is one of the leading operators in the Pizza Hut system and has grown rapidly since its founding in 2017.
- Long-Term Triple Net (NNN) Lease | The investment property is subject to a long-term, triple net (NNN) with over 20 years remaining. The lease has no landlord responsibilities.
- Proximity to Residential Communities | In addition to many homes nearby, the subject property is just down the road from the Autumn Run Apartments, a residential community with over 120 units.
- Robust Academic Presence | The subject property is under a mile from Chief Joseph Elementary School, East Middle School, and Lewis & Clark Elementary School. These schools have a combined total enrollment of over 1,300, bringing many students to the area.
- Attractive Rental Increases | The lease features attractive annual increases of 2.00% starting Year 7, providing a hedge against inflation.
- Location in Great Falls | Great Falls is the third most populous city in Montana and serves as a cultural, commercial, and financial center for the central part of the state.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,925.00
$6,660.42/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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