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Restaurant

Pizza Hut

2345 National Rd, Wheeling, WV 26003

Listing Price: $1,085,731

Cap Rate
5.00%
Tenant Name
SFR X Holdings, LLC
Years Remaining On Lease
19.5
Guarantor
Franchisee Guarantee
Rentable SF
4,063
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.36

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Pizza Hut located at 2345 National Rd, Wheeling, WV 26003. The site will consist of roughly 4,063 rentable square feet of building space on estimated 0.92-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The initial annual rent will be $54,287 and is scheduled to increase by one-and-three-quarters percent (1.75%) annually starting year seven (7) of the base term and continuing through six (6), five (5)-year renewal periods.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
  • 1.75% Rental Increases Annually Starting Year Seven (7)
  • Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $1,085,731

Cap Rate
5.00%
Tenant Name
SFR X Holdings, LLC
Years Remaining On Lease
19.5
Guarantor
Franchisee Guarantee
Rentable SF
4,063
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.36

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
  • 1.75% Rental Increases Annually Starting Year Seven (7)
  • Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Pizza Hut located at 2345 National Rd, Wheeling, WV 26003. The site will consist of roughly 4,063 rentable square feet of building space on estimated 0.92-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The initial annual rent will be $54,287 and is scheduled to increase by one-and-three-quarters percent (1.75%) annually starting year seven (7) of the base term and continuing through six (6), five (5)-year renewal periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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