Catylist ID: #30170243
High Quality, NNN, Sale-Leaseback Opportunity
Retail-Commercial for Sale
|Catylist Listing ID:||30170243|
|Property Subtypes:||Free-Standing Building, Restaurant, Retail-Pad, Street Retail|
|Building Size (RSF):||2,450 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$393.06 PSF|
|Property Use Type:||Net Leased Investment (NNN)|
|Sale Terms:||Cash to Seller, Sale/Leaseback|
Overview / Comments
PRG Commercial Property Advisors is pleased to present this sale-leaseback, Pizza Hut opportunity located at 3316 Grant Line Road in New Albany, IN (Louisville MSA).
The subject property has operated as a Pizza Hut for almost 20 years, and the store recently underwent a full remodeling. The property is very well-located on a lighted corner in a strong, dense retail corridor surrounded by strong national tenants including a shadow anchored Kroger and nearby Walmart. The property has a cross parking easement with neighbors.
A purchaser will enjoy a 15 year, absolute NNN lease with a leading franchisee in the market, as well as increases throughout the base and option terms. This presents an excellent opportunity for a 1031 candidate, as well as for an investor looking for solid, long term yield with excellent underlying real estate.
- Long term, 15 year lease begins at closing
- Newly renovated store
- Well-located lighted
- Strong 30 store franchisee
|Nearest MSA:||Louisville/Jefferson County|
|Proximity:||1 mile||3 miles||5 miles|
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