Pizza Hut - Redford

Expired Shopping Center for Sale
Pizza Hut - Redford
Catylist Listing ID: 30048371
Building Size (RSF): 2,183 SF
Gross Land Area: 0.83 Acres
Sale Price: $605,000
Unit Price: $277.14 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Expired On: 9/5/2017
Last Updated: 9/5/2017

Overview / Comments

  • 100% occupied – Absolute NNN leased Pizza Hut property
  • Long and successful operating history at this location (since 1998)
  • Pizza Hut is one of the largest American restaurant chains and international franchises with over 15,000 locations worldwide
  • Operated by Redberry Resto Brands International – 133+ locations in the U.S and Canada
  • Located in a strong retail trade area that features national tenants McDonald’s CVS, Taco Bell, Long John Silver’s, Checker’s, Arby’s, and many more
  • Very strong demographics and traffic counts in the immediate retail trade corridor
  • Lease expiration: 5/31/2018
  • Two 5 year options with 10% rent increases
  • In-place NOI: $60,500
  • Asking price: 10% CAP: $605,00

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Dearborn
Tax ID/APN: 79-039-99-0054-002
Zoning: C1
Number of Stories: 1
Year Built: 1977
Parking Description: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,775 132,641 411,912
Median Age: 37.9 39.01 38.39
Households: 6,233 53,104 162,684

Contact

Photograph of Listing Agent

Steven Silverman

Friedman Integrated Real Estate Solutions
Not a member of CPIX
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