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Restaurant

Pizza Hut 20-Year NNN Sale-leaseback

1106 Indianapolis Rd, Greencastle, IN 46135

Listing Price: $1,047,619

Cap Rate
5.25%
Tenant Name
Quality Huts, LLC
Gross SF
3,504
Guarantor
Corporate Guarantee
Rentable SF
3,504
Price/Gross SF
$298.98
Lease Type
Absolute Net
Rent Per Square Feet
$15.70

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Pizza Hut located at 1106 Indianapolis Road in Greencastle, IN. The site will consist of roughly 3,504 rentable square feet of building space on estimated 0.75-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $55,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year two (2) throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Lease Commencement Upon Close of Escrow
  • One-And-A-Half Percent (1.50%) Rental Increases Annually Starting Year Two (2)

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Restaurant

Pizza Hut 20-Year NNN Sale-leaseback

Listing Price: $1,047,619

Cap Rate
5.25%
Tenant Name
Quality Huts, LLC
Gross SF
3,504
Guarantor
Corporate Guarantee
Rentable SF
3,504
Price/Gross SF
$298.98
Lease Type
Absolute Net
Rent Per Square Feet
$15.70

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Lease Commencement Upon Close of Escrow
  • One-And-A-Half Percent (1.50%) Rental Increases Annually Starting Year Two (2)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Pizza Hut located at 1106 Indianapolis Road in Greencastle, IN. The site will consist of roughly 3,504 rentable square feet of building space on estimated 0.75-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $55,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year two (2) throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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