Restaurant
Pizza Hut
380 S Mayo Trail, Pikeville, KY 41501
Listing Price: $939,130
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.
Listing Price: $939,130
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.
