Restaurant
Pizza Hut
1306 E Main St, Robinson, IL 62454
Listing Price: $672,000
Cap Rate
5.95%
Tenant Name
Pizza Hut
Years Remaining On Lease
16.9
Gross SF
3,639
Guarantor
Franchisee Guarantee
Rentable SF
3,639
Price/Gross SF
$184.67
Lease Type
Absolute Net
Rent Per Square Feet
$10.99
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Pizza Hut in Robinson, IL.
Pizza Hut
Investment Highlights
- 7-year absolute triple-net (NNN) lease of a free standing QSR in Robinson, IL. The lease will feature 1.50% annual increases, four five-year options, and a strong guarantee.
- The tenant is Tasty Hut of IL, LLC & the guarantor is Tasty Hut, LLC, providing a 211-unit lease guarantor
- Tasty Restaurant Group ("TRG") provides management services to both the tenant and guarantor entities. TRG is one of the largest multi-brand QSR operators in the nation and 2nd largest KFC operator.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Listing Price: $672,000
Cap Rate
5.95%
Tenant Name
Pizza Hut
Years Remaining On Lease
16.9
Gross SF
3,639
Guarantor
Franchisee Guarantee
Rentable SF
3,639
Price/Gross SF
$184.67
Lease Type
Absolute Net
Rent Per Square Feet
$10.99
Investment Highlights
- 7-year absolute triple-net (NNN) lease of a free standing QSR in Robinson, IL. The lease will feature 1.50% annual increases, four five-year options, and a strong guarantee.
- The tenant is Tasty Hut of IL, LLC & the guarantor is Tasty Hut, LLC, providing a 211-unit lease guarantor
- Tasty Restaurant Group ("TRG") provides management services to both the tenant and guarantor entities. TRG is one of the largest multi-brand QSR operators in the nation and 2nd largest KFC operator.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Pizza Hut in Robinson, IL.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
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