Property History
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Marketing Description
Free-Standing Pizza Hut NNN / Sale Leaseback For Sale in Hermitage, PA. Multi-Unit operator. 15 year Primary Term with three (3) five (5) year renewal options.
Years 1 - 15 $80,000/year NNN
Opt #1: Years 16 - 20 $82,000.00/ year NNN
Opt #2: Years 21 - 25 $84,050.00/ year NNN
Opt #3: Years 26 - 30 $86,151.25.00/ year NNN
Investment Highlights
- Free-Standing Pizza Hut NNN / Sale Leaseback
- Corner location on an outparcel of Kohl's
- Adjacent to new Buffalo Wild Wings and Sheetz C-Store
- Brand new 15 year lease with three 5 year renewal options
- 2.5% rent increase in each five year option
- Proven 20-year track record at this location
- Complete Scrape-Rebuild done in 2013
- Lease guaranteed by 27 unit operator
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Marketing Description
Bennett Williams is pleased to exclusively offer for sale a single tenant net-leased Pizza Hut investment property in Hermitage, Pennsylvania. The tenant, Pizza Hut will operate under a brand new 10-year lease.
The subject property is strategically situated along South Hermitage Road (Route 18), which is a busy corridor in the Hermitage, PA market since it is a main corridor in the market, and connects to Route 62, which is the major highway in the area, connecting Hermitage to the other surrounding markets.
Loan History
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Contact Information
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Ownership Information
Zoning
CC MixedMixed UseCity Center
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