Listed by BRT Real Estate
$840,000
Pizza Hut
Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,816
Net Rentable (SqFt) 2,816
Cap Rate 6.50%
NOI $54,594
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options Four (4), Five (5) Option Periods
Price per SqFt $298
Year Built 1997
Year Renovated 2017
Acreage 1.000
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/30/2017
Ground Lease No
Ownership Private
Bite Size Absolute NNN Investment
Marketing description
BRT Real Estate is pleased to present the exclusive listing for a Pizza Hut located in Inman, South Carolina. The property consists of approximately 2,816 square feet of building space and is situated on approximately 1.00 acre of land. The property is subject to a 15-year Triple-Net (NNN) sale-lease back with 6.5 years remaining. The base rent is $54,594 and $60,054 next year with a 10% rental increase. The 10% increases will continue through the four, five-year tenant renewal options.
Investment highlights
- Top Performing location with 6% rent to sales ratio.
- 10% rent bump next year to $60,054.
- SDS Group | Experienced Operator With Proven Track Record | Growing 80-Unit Operator
- 10% rent bumps each period.
Listing Contacts
Listed by BRT Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,594.00
$4,549.50/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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