Restaurant
Pizza Hut
5458 Big Tyler Rd, Cross Lanes, WV 25313
Listing Price: $506,667
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.
Listing Price: $506,667
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.
