Skip to main content

Restaurant

Pizza Hut

5458 Big Tyler Rd, Cross Lanes, WV 25313

Listing Price: $506,667

Cap Rate
6.00%
Tenant Name
Tasty Restaurant Group
Years Remaining On Lease
4.4
Guarantor
Franchisee Guarantee
Rentable SF
1,666
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.25

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut located at 5458 Big Tyler Road in Cross Lanes, West Virginia. The site consists of roughly 1,666 rentable square feet of building space on estimated 0.51-acre parcel of land. This Pizza Hut is subject to a 5-year absolute triple-net (NNN) lease, runs through July 1st, 2037. The current annual rent is $30,400 and is scheduled to increase by 7.5% in each 5-year option period. Rent is the 1st Option Period shall be re-set to 6% of Net Sales.

Investment Highlights

  • 5-Year Absolute Triple Net (NNN) – Over 4.5 Years Remaining
  • One and One-Half Percent (1.5%) Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) WV: WVB220300809

    West Virginia

Financing By

Listing Price: $506,667

Cap Rate
6.00%
Tenant Name
Tasty Restaurant Group
Years Remaining On Lease
4.4
Guarantor
Franchisee Guarantee
Rentable SF
1,666
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.25

Investment Highlights

  • 5-Year Absolute Triple Net (NNN) – Over 4.5 Years Remaining
  • One and One-Half Percent (1.5%) Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut located at 5458 Big Tyler Road in Cross Lanes, West Virginia. The site consists of roughly 1,666 rentable square feet of building space on estimated 0.51-acre parcel of land. This Pizza Hut is subject to a 5-year absolute triple-net (NNN) lease, runs through July 1st, 2037. The current annual rent is $30,400 and is scheduled to increase by 7.5% in each 5-year option period. Rent is the 1st Option Period shall be re-set to 6% of Net Sales.

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): WV: WVB220300809

    West Virginia

Financing By

MM Texture Background
MM Textured Background Lower