Pizza Hut | 249 S Stuart Ave
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Pizza Hut 249 S Stuart Ave
1,950 SF Retail Building Elkton, VA 22827 $657,075 ($337/SF) 7% Cap Rate
Investment Highlights
- Long Term Tenant
- Experienced Operator
- Strategic Retail Location
- Attractive Rent Increases
- Zero Landlord Responsibilities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant, net-leased Pizza Hut investment property located at 249 S Stuart Avenue in Elkton, Virginia (the “Property”). Pizza Hut has been at this location since 2012 (12 years) and just extended their lease demonstrating their commitment to the site and the market. Pizza Hut has 4+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 5.0% rental increases at the beginning of each option period. Pizza Hut is well-located at the signalized intersection of S Stuart Avenue (US Route 340) and W Spotswood Trail (US 33 BUS) and is 500 feet from US Highway 33, the area’s primary commercial and commuter corridors. The Property benefits from excellent visibility, frontage, and signage and is surrounded by the area’s retailers and businesses, all of which drive traffic to the immediate area. The Property is 2-miles from Food Lion, the area’s primary grocery store, and enjoys convenient access to Elkton’s elementary, middle, and high schools.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,950 SF
Building Class
C
Year Built
2003
Price
$657,075
Price Per SF
$337
Cap Rate
7%
NOI
$45,995
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.42 AC
Zoning
TOWN
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 131B1-A-L64A | Improvements Assessment | $316,000 |
| Land Assessment | $54,800 | Total Assessment | $370,800 |
PROPERTY TAXES
Parcel Number
131B1-A-L64A
Land Assessment
$54,800
Improvements Assessment
$316,000
Total Assessment
$370,800
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Pizza Hut | 249 S Stuart Ave
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