Absolute NNN Pizza Hut

Highlights:

• Well Established Location: Successfully operating in this location for 50+ years.
• Large YUM! Brands Franchisee: Own and operates 102 Pizza Hut locations in Central Florida, 40 Taco Bells and 7 KFCs.
• Short-term NNN Lease with Upside Potential: 4 years remaining with no option periods. Tenant has previously extended the lease four times.
• Strong Rent Bumps: 4% annual rent increases.
• Absolute NNN Lease: No landlord responsibilities.
• Tenant Committed to Location: Tenant recently replaced the roof and signed a 5-year extension.
• Solid Population Growth: 1-Mile Population Growth: 7.96%; 1-mile Household Growth: 6.90% (2020-2024)
• Proven Retail Corridor with National Retailers: Publix, Lowe’s, Walmart, Starbucks, Aldi, McDonald’s, Tractor Supply Co., Chipotle, Truist, Wells Fargo, Walgreens, Planet Fitness, Bealls Outlet, Office Depot, and more.

Description:

Simaan Real Estate is pleased to exclusively offer the opportunity to acquire the 100% fee simple interest in an absolute net leased Pizza Hut, strategically located on US-92 (N. Woodland Boulevard) in Deland, Florida, 30 miles North of Orlando. The subject property is within Deland’s most dense retail corridor and has excellent exposure with convenient ingress/egress.

This investment property offers stable income with scheduled annual increases, supported by a strong tenant and a favorable retail submarket. Pizza Hut has successfully operated at this location for over 50 years with multiple lease extensions and the tenant recently replaced the roof, demonstrating their commitment to the property. The absolute NNN lease structure is very desirable for passive real estate investors looking for no landlord responsibilities.

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