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Restaurant

Pizza Hut

380 S Mayo Trail, Pikeville, KY 41501

Listing Price: $939,130

Cap Rate
5.75%
Tenant Name
Tasty Restaurant Group
Years Remaining On Lease
9.4
Guarantor
Franchisee Guarantee
Rentable SF
3,744
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.42

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut located at 380 South Mayo Trail in Pikeville, Kentucky. The site consists of roughly 3,744 rentable square feet of building space on estimated 0.50-acre parcel of land. This Pizza Hut is subject to an original 10-year absolute triple-net (NNN) lease, which commenced June 15th, 2022. The current annual rent is $54,000 and is scheduled to increase by 7.50%every 5 years throughout the base term and in each of the 4, 5-year renewal options.

Investment Highlights

  • 10-Year Absolute Triple Net (NNN) Lease | +/- 9.75 Years Remaining
  • Seven and One-Half Percent (7.50%) Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Financing By

Listing Price: $939,130

Cap Rate
5.75%
Tenant Name
Tasty Restaurant Group
Years Remaining On Lease
9.4
Guarantor
Franchisee Guarantee
Rentable SF
3,744
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.42

Investment Highlights

  • 10-Year Absolute Triple Net (NNN) Lease | +/- 9.75 Years Remaining
  • Seven and One-Half Percent (7.50%) Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut located at 380 South Mayo Trail in Pikeville, Kentucky. The site consists of roughly 3,744 rentable square feet of building space on estimated 0.50-acre parcel of land. This Pizza Hut is subject to an original 10-year absolute triple-net (NNN) lease, which commenced June 15th, 2022. The current annual rent is $54,000 and is scheduled to increase by 7.50%every 5 years throughout the base term and in each of the 4, 5-year renewal options.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

Financing By

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