Restaurant
Pizza Hut (Blend and Extend Opportunity)
2111 16th St, Bedford, IN 47421
Listing Price: $670,000
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale a 2,680 SF Pizza Hut property in Bedford, IN with a 5-Year Absolute Net Lease Renewal that commenced on October 17, 2021. With 1.8 years remaining and CPI-based annual increases, the lease offers one 5-year renewal option and is backed by Quality Huts, LLC, one of the top five largest Pizza Hut franchisees owned by Quality Restaurant Group. The property features no landlord responsibilities and presents multiple options for investors, including the potential to blend and extend the lease, or owner-user opportunity at lease expiration.
Pizza Hut (Blend and Extend Opportunity)
Investment Highlights
- 5-Year Absolute Net Lease Renewal Commenced October 17, 2021 | 1.8 Years Remaining | CPI Annual Increases | (1) 5-Year Renewal | Long Term Operating History (52 Years at this Location)
- Lease Backed by Quality Huts, LLC | Top 5 Largest Pizza Hut Franchisee (168 Units) Owned by Quality Restaurant Group ($608M Annual Revenue; ZoomInfo)
- Potential to Blend & Extend Lease, Replace Tenant at Market Rent or Utilize as an Owner-User at End of Lease Term
- Potential to Blend & Extend Lease; Owner-User Opportunity at End of Lease Term
- 2,680 SF Building on 0.65 Acres | $250,000 Tenant Improvements in 2013 | No Landlord Responsibilities | Zoned B-3 Planned Business District | Located in an Opportunity Zone
- High Visibility on 16th St/US-50 (13,379 VPD) | <1 Mile From IN-37 (20,794 VPD) | Retail Corridor: Nearby National Retailers Include Walmart Supercenter, Lowe's, Aldi, Dollar Tree, Tractor Supply, AutoZone, and IU Health Bedford Hospital
Exclusively Listed By
Listing Price: $670,000
Investment Highlights
- 5-Year Absolute Net Lease Renewal Commenced October 17, 2021 | 1.8 Years Remaining | CPI Annual Increases | (1) 5-Year Renewal | Long Term Operating History (52 Years at this Location)
- Lease Backed by Quality Huts, LLC | Top 5 Largest Pizza Hut Franchisee (168 Units) Owned by Quality Restaurant Group ($608M Annual Revenue; ZoomInfo)
- Potential to Blend & Extend Lease, Replace Tenant at Market Rent or Utilize as an Owner-User at End of Lease Term
- Potential to Blend & Extend Lease; Owner-User Opportunity at End of Lease Term
- 2,680 SF Building on 0.65 Acres | $250,000 Tenant Improvements in 2013 | No Landlord Responsibilities | Zoned B-3 Planned Business District | Located in an Opportunity Zone
- High Visibility on 16th St/US-50 (13,379 VPD) | <1 Mile From IN-37 (20,794 VPD) | Retail Corridor: Nearby National Retailers Include Walmart Supercenter, Lowe's, Aldi, Dollar Tree, Tractor Supply, AutoZone, and IU Health Bedford Hospital
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale a 2,680 SF Pizza Hut property in Bedford, IN with a 5-Year Absolute Net Lease Renewal that commenced on October 17, 2021. With 1.8 years remaining and CPI-based annual increases, the lease offers one 5-year renewal option and is backed by Quality Huts, LLC, one of the top five largest Pizza Hut franchisees owned by Quality Restaurant Group. The property features no landlord responsibilities and presents multiple options for investors, including the potential to blend and extend the lease, or owner-user opportunity at lease expiration.
Exclusively Listed By
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