Elkin, NC - Pizza Hut

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Pizza Hut investment property located in Elkin, North Carolina. The tenant has approximately 16 years remaining on its initial lease term with 4 (5-Year) options to extend, demonstrating their commitment to the site. The lease features 7.50% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Pizza Hut is located along N. Bridge Street/U.S. Highway 21 (9,800 VPD) with convenient access to State Highway 268 (17,500 VPD) and Interstate 77 (34,500 VPD), positioning the property within a well-trafficked retail corridor in Elkin, North Carolina. N. Bridge Street is a primary commercial corridor serving the city and provides strong connectivity throughout the surrounding trade area. The subject property is surrounded by a strong mix of national, regional, and credit tenants including Walmart Supercenter, Lowe’s, McDonald’s, Starbucks, Taco Bell, Chick-fil-A, Culver’s, Dollar Tree, Walgreens, CVS/pharmacy, Burger King, Cook Out, KFC, Goodwill, Big Lots, Harbor Freight, Ollie’s, AutoZone, Advance Auto Parts, Aaron’s, and Tractor Supply Co., among others, helping drive consistent consumer traffic to the site. In addition, the property is located near several major demand drivers including Hugh Chatham Health (81 beds), a key regional medical facility and area employer, along with other nearby industrial, service, and retail employers that support daily traffic patterns. The surrounding 5-mile trade area is supported by approximately 14,812 residents with an average household income of $82,092.The Pizza Hut is located along N. Bridge Street/U.S. Highway 21 (9,800 VPD) with convenient access to State Highway 268 (17,500 VPD) and Interstate 77 (34,500 VPD), positioning the property within a well-trafficked retail corridor in Elkin, North Carolina. N. Bridge Street is a primary commercial corridor serving the city and provides strong connectivity throughout the surrounding trade area. The subject property is surrounded by a strong mix of national, regional, and credit tenants including Walmart Supercenter, Lowe’s, McDonald’s, Starbucks, Taco Bell, Chick-fil-A, Culver’s, Dollar Tree, Walgreens, CVS/pharmacy, Burger King, Cook Out, KFC, Goodwill, Big Lots, Harbor Freight, Ollie’s, AutoZone, Advance Auto Parts, Aaron’s, and Tractor Supply Co., among others, helping drive consistent consumer traffic to the site. In addition, the property is located near several major demand drivers including Hugh Chatham Health (81 beds), a key regional medical facility and area employer, along with other nearby industrial, service, and retail employers that support daily traffic patterns. The surrounding 5-mile trade area is supported by approximately 14,812 residents with

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