the ben-moshe brothers of marcus millichap bmb commercial real estate nnn caprates property for sale pizza hut Cherokee Iowa

Pizza Hut 15-Year Absolute Triple-Net (NNN)

place 1014 N 2nd St., Cherokee, Iowa 51012

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EXECUTIVE SUMMARY

LIST PRICE $497,463
CAP RATE 6.00%
INCREASES 5% Every 5 Years
LEASE TERM 15 Years
OPTIONS Four 5-Year Options
LOT SIZE 0.4 ACRES
TYPE OF OWNERSHIP Fee Simple
GUARANTY Franchisee
PRICE PER SF $155

INVESTMENT DESCRIPTION

The Ben-Moshe Brothers of Marcus & Millichap are pleased to offer this Pizza Hut property paired with an absolute net 15-Year lease with zero landlord responsibilities (NNN triple-net investment). Pizza Hut, is the largest pizza company in the world.

INVESTMENT HIGHLIGHTS

    Brand New 15-Year Lease
    Absolute Triple-Net
    Zero Landlord Responsibilities
    Below Replacement Cost – $155 Per foot – Rare
    Very Healthy Rent-To-Sales Ratio – Conservative
    Five Percent Bumps Every Five Years
    Open & Operating
    Virtually No Competition
    Plenty of Room for Economic Growth
    Directly Across Kmart
    Minutes from Hy Vee Distribution Center
    Outparcel to BomGaars Farm and Ranch Supply
    Minutes from Western Tech Community College - Cherokee Campus
    Minutes from IA-3
    Minutes from Army US Reserve Base
    Minutes from Cherokee Regional Medical Center
    Single Tenant Net Leased Asset

Exclusive Listing


the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Roee Ben-Moshe
  786-522-7083
  404-683-8383
  Email

the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Leeor Ben-Moshe
  786-522-7059
  404-307-7515
  Email

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