Granite Falls, NC - Pizza Hut

Description:

• The tenant, Tasty Hut, LLC, has entered into a brand new 17 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• Tasty Restaurant Group, LLC is an experienced QSR franchisee with over 450 restaurants strong across 23 states operating under six iconic brands: Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken and Taco Bell brands
• The lease features annual rental increases of 1.50% throughout initial term and option periods, generating NOI and hedging against inflation

• The subject property is located at the signalized, hard corner intersection of Hickory Blvd and Pinewood Rd which combined to average 42,500 VPD
• Nearby national/credit tenants include Family Dollar, Shell, Speedway, O’Reilly Atuo Parts and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to South Caldwell High School (1,317 students), further increasing consumer traffic to the immediate trade area