pizza hut - 4200 s. east street
indianapolis, IN 46227
single-tenant-net-leased-nnn-pizza-va-marcus-and-millichap-commercial-real-estate-banners.
just sold!

SALE PRICE: $1,238,095

The Hirth Group is pleased to announce the sale of 4200 S East Street, Indianapolis, Indiana– a single tenant NNN Investment opportunity.  The subject property is a Pizza Hut + Wing Street operated by the 4th largest pizza hut operator in the United States.

After successfully closing the buyers down leg, Daniel and Elijah were able to find the perfect deal to satisfy their clients 1031 exchange needs.  Even with a strict buying criteria and competitive market environment, they were able to pinpoint the perfect property.  The buyer was looking for a single tenant NNN investment with a long-term lease, strong/credible tenant, and strong demographics.  With these types of deals flying off the shelf due to a multitude of socioeconomic factors, Daniel and Elijah had to get creative.  To ensure their client got the deal he wanted, they strategically placed the deposit from his down leg as a deposit for his up leg, prior to closing escrow in order to lock up the deal.  By doing so, they were able to alleviate the stress of executing a tight 1031 exchange with short time frames.

THE TEAM

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Daniel Hirth

Managing Director

310.300.2838 Direct

818.201.5268 Mobile

Daniel@HirthGroup.com

License CA: 01515796

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Elijah Suval

Senior Investment Associate

310-300-3180 Direct

310-297-2828 Mobile

Elijah@HirthGroup.com

License CA: 02024364

The sale

Successful Execution of 1031 Exchange | Represented Seller on Downleg + Upleg
Brand New Lease at Close of Escrow | 20-Year Lease Term w/ (4) 5-Year Options
Strong Franchisee Guaranty | 4th Largest Pizza Hut Operator | 185+ Locations
In Place 5.25% Cap Rate with
Annual Increases  
Located in Indianapolis, Indiana | 200,000+ People Within 5-Mile Radius
±4,478 SF of Building on
±41,818 SF of Land