Listed by Marcus & Millichap - Milwaukee
$2,093,000
Abs Net Pizza Hut | 2023 Construction
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,800
Net Rentable (SqFt) 1,800
Cap Rate 6.5%
NOI $136,012
Occupancy 100%
Tenancy Single
Brand/Tenant Pizza Hut
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/31/2039
Remaining Term 13
Rent Bumps Yes
Lease Options Three - Five Year Options
Year Built 2023
Acreage 0.650
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 06/01/2024
Ground Lease No
Ownership Fee Simple
13 Yr Abs Net | Small Format Newer Construction
Investment highlights
- Absolute Net Lease with Zero Landlord Responsibilities
- Newer Construction (2023) Small Format Delivery/Carryout "DELCO" Store that Replaced Former Dine-In Restaurant
- 13 Years Remaining with 10% Rent Increases Every Five Years
- Healthy Store Sales and Rent-to-Sales Ratios - Contact Agent for More Information
- Franchisee Guarantee from a Midwest-Based Operator Founded in 1972
- Over 66,000 Residents within Five Miles with Average Household Income of $75,989
Listing Contacts
Listed by Marcus & Millichap - Milwaukee
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$136,012.00
$11,334.33/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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