Skip to main content

Restaurant

Pizza Hut

3250 E Main St, Richmond, IN 47374

Listing Price: $1,618,226

Cap Rate
5.25%
Tenant Name
SFR X Holdings, LLC
Years Remaining On Lease
19.5
Guarantor
Franchisee Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.60

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Pizza Hut located at 3250 East Main St, Richmond, IN 47374. The site will consist of roughly 1,084 rentable square feet of building space on estimated 0.32-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 $84,957 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

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Restaurant

Pizza Hut

Listing Price: $1,618,226

Cap Rate
5.25%
Tenant Name
SFR X Holdings, LLC
Years Remaining On Lease
19.5
Guarantor
Franchisee Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.60

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 3250 East Main St, Richmond, IN 47374. The site will consist of roughly 1,084 rentable square feet of building space on estimated 0.32-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 $84,957 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

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

MM Texture Background
MM Textured Background Lower