Marcus &Millichap is pleased to present the exclusive listing for the Pizza Hut located at 7301 Saltsburg Road in Pittsburgh, PA. The site will consist of roughly 2,567 rentable square feet of building space on estimated 0.65-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $65,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year two (2) throughout the base termand in each of the four (4), five (5)-year renewaloptions.
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Lease Commencement Upon Close of Escrow
✓ One-And-A-Half Percent (1.50%) Rental Increases Annually Starting Year Two (2)
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Full Franchisee Guarantee from Quality Huts, LLC – One Of The Nation’s Largest Pizza Hut Operators