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Pizza Hut 3250 E Main St

1,084 SF Retail Building Richmond, IN 47374 $1,666,667 ($1,538/SF) 6% Cap Rate

Investment Highlights

  • Globally Recognized Restaurant Brand
  • Absolute NNN Lease with ±18 Years of Term Remaining and Renewal Options
  • Top Performing Store Nationally with Substantial Year-Over-Year Growth
  • Top Pizza Hut Franchise Operator (120+ Units)
  • 11+ Year Operating History with New 20-Year Lease
  • Newer Pizza Hut Concept Positioned in a Thriving Retail Corridor

Executive Summary

In association with: BJ Feller, IN Lic #14036515

Attachments

Brochure

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,084 SF
Building Class
B
Year Built
2012
Price
$1,666,667
Price Per SF
$1,538
Cap Rate
6%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.32 AC
Zoning
GC - General Commercial
Parking
13 Spaces (11.74 Spaces per 1,000 SF Leased)
Frontage
50 FT on East Main Street

Amenities

  • Pylon Sign
  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 1,084 SF
  • $92.25
  • 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 1,084 SF $92.25 Triple Net Feb 2042

Nearby Major Retailers

Golden Corral
First Financial Bank
First Bank
MCL Restaurant & Bakery
U.S. Bank
Kroger Fuel Center
Texas Roadhouse
Starbucks
Frisch's Big Boy
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
89-16-34-430-116.000-030
Land Assessment
$143,100
Improvements Assessment
$64,800
Total Assessment
$207,900
  • Listing ID: 31953496

  • Date on Market: 5/29/2024

  • Last Updated:

  • Address: 3250 E Main St, Richmond, IN 47374

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