Rockmart, GA - Pizza Hut
$1,245,000
1301 N. Piedmont Avenue, Rockmart, GA 30153
5.8
Cap Rate
72,250
NOI
Details:
Description:
• The tenant, GPS Hospitality Huts, LLC, just executed a brand-new 10-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• GPS Hospitality is an experienced QSR franchisee with nearly 500 restaurants including 62 Pizza Huts
• The lease will feature scheduled rental increases of 7.5% every five years and at the beginning of each option, generating NOI and hedging against inflation
• Pizza Hut is strategically located at the signalized, hard corner intersection of Piedmont Ave and Nathan Dean Bypass avergaing 34,400 VPD
• The immediate trade area is supported by surrounding retailers such as Walmart Supercenter, Chick-fil-A, McDonald’s, Popeyes, and more
• The asset benefits from excellent frontage and access, providing ease and convenience for customers
Location
Gallery
