Pizza Hut - Redford
Expired Shopping Center
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|Property Use Type:
||Net Leased Investment (NNN), Investment
||Cash to Seller, Other
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
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