Catylist ID: #30287880
New Cap Rate On Strong-Performing, NNN, Sale-Leaseback Opportunity
Retail-Commercial for Sale
|Catylist Listing ID:||30287880|
|Property Subtypes:||Free-Standing Building|
|Building Size (RSF):||2,768 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$578.03 PSF|
|Property Use Type:||Net Leased Investment (NNN)|
|Sale Terms:||Cash to Seller|
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
-7% capitalization rate
*The property could also be purchased together with two other locations listed separately. MLS #'s 30287872 & 30287878
|Nearest MSA:||Louisville/Jefferson County|
|Proximity:||1 mile||3 miles||5 miles|
Reed B WeinbergPRG Commercial Property Advisors KCREA Member
Amy HammPRG Commercial Property Advisors KCREA Member
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