Skip to main content

Restaurant

Pizza Hut 20-Year NNN Sale-leaseback

502 W Cunningham St, Butler, PA 16001

Listing Price: $1,238,095

Cap Rate
5.25%
Tenant Name
Quality Huts, LLC
Gross SF
2,684
Guarantor
Corporate Guarantee
Rentable SF
2,684
Price/Gross SF
$461.29
Lease Type
Absolute Net
Rent Per Square Feet
$24.22

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Pizza Hut located at 502 West Cunningham Street, Butler, PA. The site will consist of roughly 2,684 rentable square feet of building space on estimated 0.50-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 $65,000 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)

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Restaurant

Pizza Hut 20-Year NNN Sale-leaseback

Listing Price: $1,238,095

Cap Rate
5.25%
Tenant Name
Quality Huts, LLC
Gross SF
2,684
Guarantor
Corporate Guarantee
Rentable SF
2,684
Price/Gross SF
$461.29
Lease Type
Absolute Net
Rent Per Square Feet
$24.22

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 502 West Cunningham Street, Butler, PA. The site will consist of roughly 2,684 rentable square feet of building space on estimated 0.50-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 $65,000 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.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

MM Texture Background
MM Textured Background Lower