Milwaukee, WI - Pizza Hut

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) interest in an absolute NNN leased, freestanding, Pizza Hut investment property located in Milwaukee, Wisconsin. The tenant, EYM Pizza of Wisconsin, LLC (38-unit operator), recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

The Pizza Hut is strategically located near the major, signalized intersection of S Kinnickinnic Ave and E Oklahoma Ave, with an average of 23,300 vehicles passing
by daily. The investment is situated near the on/off ramps to State Highway 794 (42,500 VPD), a major commuter highway connecting nearby neighborhoods to downtown Milwaukee. The site boasts excellent visibility and access with significant street frontage, multiple points of ingress/egress, and a large pylon sign. The Pizza Hut benefits from limited competition, with the nearest Pizza Hut location over 2.80 miles away. The 5-mile trade area is supported by more than 270,000 residents and 182,000 daytime employees, with an average household income of $78,820.