Strong-Performing, NNN, Sale-Leaseback Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30409911
Property Subtypes: Free-Standing Building
Building Size (RSF): 2,768 SF
Gross Building Area: See Agent
Sale Price: $1,723,000
Unit Price: $622.47 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/19/2019

Overview / Comments

This long-term, sale-leaseback Pizza Hut opportunity is located in a quality location in Scottsburg, Indiana- a "bedroom community" north of Louisville.

This strong performing store has operated as a Pizza Hut for approximately 20 years, and it has undergone various renovations. The subject property is located just off I-65 on a lighted corner. It is across the street from Walmart and sits among several hotels and retailers.

A purchaser will enjoy a 15 year, absolute NNN lease with a leading, long-term franchisee in the market, as well as increases throughout the base and option terms. This presents an excellent opportunity for a 1031 exchange, as well as for an investor seeking solid, long-term yield with excellent underlying real estate.

-15 year, absolute NNN sale-leaseback
-Experienced, long-term franchisee
-Very strong performing store off I-65 on lighted corner

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Scott
Tax ID/APN: 720519300015002008
Zoning: C1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,558 8,922 19,681
Median Age: 40.6 39.02 39.17
Households: 1,896 3,615 7,747
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