the ben-moshe brothers of marcus millichap bmb commercial real estate nnn caprates property for sale pizza hut Traverse City Michigan

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

place 3050 US-31, Traverse City, Michigan 49684

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EXECUTIVE SUMMARY

LIST PRICE $1,066,667
CAP RATE 6.00%
INCREASES 5% Every 5 Years
LEASE TERM 15 Years
OPTIONS Four 5-Year Options
LOT SIZE 1.09 Acres
TYPE OF OWNERSHIP Fee Simple
GUARANTY Franchisee
BUILDING SIZE 3,299 SF

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
    Very Healthy Rent-to-sales Ratio – Conservative
    High Sales Volumes
    Large Lot With Plenty Of Parking - 1.09 Acres
    Operated By One Of The Largest Pizza Hut Franchisees
    Award Winning Franchisee – Year After Year
    Outparcel To Lowes
    Minutes From ​Northwestern Michigan College
    Minutes From Walmart, Lowes, Big Lots
    Located Directly On Us-31 With Plenty Of Frontage
    Traffic Counts Exceeding 30,000 Vehicles Per Day
    Operated By One Of The Largest Pizza Hut Franchisees
    Minutes From Walmart, Target, & Home Depot
    Minutes From Munson Medical Center
    Minutes From Cherry Capital Airport

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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