the ben-moshe brothers of marcus millichap bmb commercial real estate nnn caprates property for sale pizza hut Malone New York

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

place 691 Cedar Ave, Gladwin MI 48624

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EXECUTIVE SUMMARY

LIST PRICE $521,481
CAP RATE 6.75%
INCREASES 5% Every 5 Years
LEASE TERM 15 Years
OPTIONS Four 5-Year Options
LOT SIZE 0.67 Acres
TYPE OF OWNERSHIP Fee Simple
GUARANTY Franchisee
BUILDING SIZE 2,136 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
    Restaurant will be remodeled in 2019
    Five Percent Bumps Every Five Years
    Operated By One Of The Largest Pizza Hut Franchisees
    Award Winning Franchisee – Year After Year
    2 Units of a 100+ Operator
    Closest Pizza Hut is over 30 Miles Away
    Directly in front of the Michigan Department of Health and Human Services Property
    MidMichigan Medical Center / Hospital Nearby
    Nearby Shopko and Save-A-Lot Grocery Center
    Gladwin High School, Junior and Elementary Schools within Minutes
    Conveniently Located Near Charles Zettel Airport
    Single Tenant Net Leased Asset
    Sale-Leaseback

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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