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Restaurant

Pizza Hut

1121 Highland Ave, Selma, AL 36703

Listing Price: $1,008,696

Cap Rate
5.75%
Tenant Name
Pizza Hut
Years Remaining On Lease
15.2
Gross SF
1,752
Guarantor
Corporate Guarantee
Rentable SF
1,752
Price/Gross SF
$575.74
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.11

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut located in Selma, AL. This property is subject to a new 15-year triple-net (NNN) lease. The offering consists of approximately 1,752 rentable square feet of building space and sits on approximately 0.46 acres of land. The current annual rent is $58,000 and is subject to 10% rental increases every 5 years with four, five-year tenant renewal option periods.

Investment Highlights

  • Long-Term, 15-Year Triple Net (NNN) Lease
  • 10% Rental Increases Every 5 Years
  • Four (4), Five (5)-Year Tenant Renewal Option Periods

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $1,008,696

Cap Rate
5.75%
Tenant Name
Pizza Hut
Years Remaining On Lease
15.2
Gross SF
1,752
Guarantor
Corporate Guarantee
Rentable SF
1,752
Price/Gross SF
$575.74
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.11

Investment Highlights

  • Long-Term, 15-Year Triple Net (NNN) Lease
  • 10% Rental Increases Every 5 Years
  • Four (4), Five (5)-Year Tenant Renewal Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pizza Hut located in Selma, AL. This property is subject to a new 15-year triple-net (NNN) lease. The offering consists of approximately 1,752 rentable square feet of building space and sits on approximately 0.46 acres of land. The current annual rent is $58,000 and is subject to 10% rental increases every 5 years with four, five-year tenant renewal option periods.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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