New Cap Rate On Strong-Performing, NNN, Sale-Leaseback Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30287880
Property Subtypes: Free-Standing Building
Building Size (RSF): 2,768 SF
Gross Building Area: See Agent
Sale Price: $1,600,000
Unit Price: $578.03 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2018

Overview / Comments

This long-term, sale-leaseback Pizza Hut opportunity is located in a quality location in Scottsburg, Indiana- a "bedroom community" north of Louisville.

This strong performing store has operated as a Pizza Hut for approximately 20 years, and it has undergone various renovations. The subject property is located just off I-65 on a lighted corner. It is across the street from Walmart and sits among several hotels and retailers.

A purchaser will enjoy a 15 year, absolute NNN lease with a leading, long-term franchisee in the market, as well as increases throughout the base and option terms. This presents an excellent opportunity for a 1031 exchange, as well as for an investor seeking solid, long-term yield with excellent underlying real estate.

-15 year, absolute NNN sale-leaseback
-Experienced, long-term franchisee
-Very strong performing store off I-65 on lighted corner
-7% capitalization rate

*The property could also be purchased together with two other locations listed separately. MLS #'s 30287872 & 30287878

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Scott
Zoning: C1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,558 8,922 19,681
Median Age: 40.6 39.02 39.17
Households: 1,896 3,615 7,747
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.