Pizza Hut | 1640 W Main St
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Pizza Hut 1640 W Main St
3,243 SF Retail Building Lewistown, MT 59457 $1,318,000 ($406/SF) 6% Cap Rate
Investment Highlights
- ~14 Years Remaining | Options To Extend | Scheduled Rental Increases
- Central Montana Medical Center | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Pizza Hut investment property located in Lewistown, Montana. The tenant, Pizza Hut has approximately 14 years of initial term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The operator, Grand Mere Restaurant Group, operates over 140 locations and is the leading Pizza Hut franchisee. The lease features annual 1.50% rental increases throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,243 SF
Building Class
C
Year Built/Renovated
1975/1995
Price
$1,318,000
Price Per SF
$406
Cap Rate
6%
NOI
$79,054
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
C3 - Highway Commercial
Parking
34 Spaces (10.48 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 08-2467-16-4-02-02-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $678,700 |
PROPERTY TAXES
Parcel Number
08-2467-16-4-02-02-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$678,700
Contacts
-
Michael Berk -
Jarrett Slear -
Patrick Luther -
Patrick Nutt -
SRS Real Estate Partners
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Pizza Hut | 1640 W Main St
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