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Pizza Hut

Richmond, Indiana

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The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 3250 East Main St, Richmond, IN 47374. The site will consist of roughly 1,084 rentable square feet of building space on estimated 0.32-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The initial annual rent will be $100,000 and is scheduled to increase by one-and-three-quarters percent (1.75%) annually starting year seven (7) of the base term and continuing through six (6), five (5)-year renewal periods.

About the Investment:

BRK.2009000214


Key Details

Price:
$1,666,667
Cap Rate:
6.00%
Annual Rent:
$100,000
Address:
3250 East Main St, Richmond, Indiana 47374
Property Type:
Net Leased Quick Service Restaurant
Lease Type:
Absolute Triple-Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
February 22, 2022
Lease Expiration:
February 28, 2042
Rental Increases:
1.75% Annually, Starting Year Seven (7)
Lot Size:
0.32 Acres
Building Size:
1,084 SF
Tenant:
Pizza Hut

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Howard Curd

License: 10401339720

Broker of record

Brian Brockman

Bang Realty, Inc

License: BRK.2009000214


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