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Restaurant

Pizza Hut NNN

218 Heather Rd, Guthrie, OK 73044

Listing Price: $1,830,000

Cap Rate
7.00%
Tenant Name
Pizza Hut
Years Remaining On Lease
5.1
Gross SF
2,750
Guarantor
Personal Guarantee
Rentable SF
2,750
Price/Gross SF
$665.45
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.57

Investment Overview

Marcus and Millichap is please to present this Pizza Hut Single Tenant NNN Leased Investment with zero landlord responsibility located in Guthrie, OK. Strategically placed at the intersection of State Hwy 33 & and Interstate 35 the subject property has outstanding visibility and exposure to over ±45,000 cars per day with a population density of ±18,000 residents within a 5-mile radius.

The ±2,750 square-foot building sits on 1.65 acres lot fronting Interstate 35 centrally located within the city of Guthrie and less than 25 minutes from Edmond, OK (population 98,100) and less than 30 minutes from Oklahoma City (population 702,767). Adjacent to the property is a La Quinta Inn (126 rooms), Sonic Drive-In & Tractor Supply.

The subject property is backed by a strong franchisee with impressive sales and over 20 years of operating history at the location. Per the lease contract the tenant is required to report annual sales. Pizza Hut recently exercised their 5-year option to extend early and completed a full exterior and interior remodel in 2021 showing strength of location.

Investment Highlights

  • Passive Investment, Absolute NNN Lease Tenant pays for Taxes, Insurance & CAM
  • Strategically located between Interstate 35 and State Hwy. 33 with outstanding visibility
  • Annual sales reporting required per the lease contract
  • Tenant Exercised their 5-year option early showing strength of location
  • Over 20 years of operating history at the subject property

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Restaurant

Pizza Hut NNN

Listing Price: $1,830,000

Cap Rate
7.00%
Tenant Name
Pizza Hut
Years Remaining On Lease
5.1
Gross SF
2,750
Guarantor
Personal Guarantee
Rentable SF
2,750
Price/Gross SF
$665.45
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.57

Investment Highlights

  • Passive Investment, Absolute NNN Lease Tenant pays for Taxes, Insurance & CAM
  • Strategically located between Interstate 35 and State Hwy. 33 with outstanding visibility
  • Annual sales reporting required per the lease contract
  • Tenant Exercised their 5-year option early showing strength of location
  • Over 20 years of operating history at the subject property

Investment Overview

Marcus and Millichap is please to present this Pizza Hut Single Tenant NNN Leased Investment with zero landlord responsibility located in Guthrie, OK. Strategically placed at the intersection of State Hwy 33 & and Interstate 35 the subject property has outstanding visibility and exposure to over ±45,000 cars per day with a population density of ±18,000 residents within a 5-mile radius. The ±2,750 square-foot building sits on 1.65 acres lot fronting Interstate 35 centrally located within the city of Guthrie and less than 25 minutes from Edmond, OK (population 98,100) and less than 30 minutes from Oklahoma City (population 702,767). Adjacent to the property is a La Quinta Inn (126 rooms), Sonic Drive-In & Tractor Supply. The subject property is backed by a strong franchisee with impressive sales and over 20 years of operating history at the location. Per the lease contract the tenant is required to report annual sales. Pizza Hut recently exercised their 5-year option to extend early and completed a full exterior and interior remodel in 2021 showing strength of location.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

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