CLOSED ESCROW
PIZZA HUT
1716 PETERSON AVE SOUTH
DOUGLAS, GA 31535
PRICE:
CAP RATE:
LEASE TERM:
LOCATIONS:
TENANT:
GUARANTOR:
$703,000
6.74%
12+ Years
1,250+
Pizza Hut
NPC
DEAL HIGHLIGHTS:
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Sold at 96% of List Price
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National Franchisee
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NPC Operates 1,250+ Locations
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Biggest Pizza Hut Franchisee Nationwide
ASSET HIGHLIGHTS
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Guaranteed by Largest Pizza Hut Franchisee in the World
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Eight Percent Rent Increases Every Five Years
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Absolute NNN - Zero Landlord Responsibilities
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Two Five-Year Options with Eight Percent Rent Increases in Each
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Growing Demographics
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Located In a Dense Retail Corridor
THE ASSET
The Hirth Group is pleased to present this Pizza Hut with 12+ years remaining on a 15-year absolute NNN lease guaranteed by NPC International Incorporated, the largest Pizza Hut franchisee in the world. Along with no landlord responsibilities, an investor will also benefit from an eight percent rent increase occurring every five years. The subject property has excellent signage with easy ingress/egress access.
The subject property is located on South Patterson Avenue, which is a main retail corridor in Douglas. The property is situated next to a Holiday Inn Express and a Dollar General. Other retail in the immediate vicinity includes Wendy's, McDonalds, Kmart and Subway. There is also the Douglas municipal Airport across the street.
NPC, boasting fundamentally sound financials, currently operates over 1,250 stores in 28 states and have been in the business for over 50 years.
The current success of the Pizza Hut business and a lease backed by the largest franchisee in the world should give investors a safe, long-term investment with no management responsibility radius and approximately 25,000 vehicles pass the site daily. All information to be verified by buyer.