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Pizza Hut 1501 Fairmont Ave

2,744 SF Retail Building Fairmont, WV 26554 $1,033,333 ($377/SF) 6% Cap Rate

Investment Highlights

  • Globally Recognized Restaurant Brand
  • ±18 Years of Term Remaining with Renewal Options
  • 15-Year Operating History with New 20-Year Lease
  • Top Pizza Hut Franchise Operator (120+ Units)
  • Absolute NNN Lease
  • Proximity to Fairmont State University and WVU Medical Center

Executive Summary

WV Lic #WVB210300721

Attachments

Brochure

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,744 SF
Building Class
C
Year Built
2000
Price
$1,033,333
Price Per SF
$377
Cap Rate
6%
NOI
$62,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.55 AC
Parking
29 Spaces
Frontage
86 FT on Fairmont Ave

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 2,744 SF
  • $22.59
  • Triple Net
  • Feb 2042

There’s nothing cookie-cutter about Pizza Hut. Not their pizzas. Not their people. And definitely not the way they live life. Around here, they don’t settle for anything less than food they are proud to serve. And they don’t just clock in. Not when they can also become their best, make friends, and have fun while they're at it. They're the pizza company that lives life unboxed. They are not for people who want to blend in: pushing boundaries is part of their heritage. They have thousands of restaurants and many team members in multiple countries. Whether it’s the original Stuffed Crust or putting a pizza in outer space, they never stop driving themselves to deliver hot pizzas, fast every time – anywhere one wants to enjoy it. At Pizza Hut, they don’t just make pizza. They make people happy. Pizza Hut was built on the belief that pizza night should be special, and they carry that belief into everything they do.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 2,744 SF $22.59 Triple Net Feb 2042

Nearby Major Retailers

WesBanco
Rent-A-Center
Food Lion
Planet Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-1-00130001
Land Assessment
$55,200
Improvements Assessment
$143,340
Total Assessment
$198,540
  • Listing ID: 31940980

  • Date on Market: 5/28/2024

  • Last Updated:

  • Address: 1501 Fairmont Ave, Fairmont, WV 26554

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