King, NC - Pizza Hut

Description:

• The tenant, Tasty Hut, LLC, signed a brand new 17 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• Tasty Hut, LLC is an experienced QSR franchisee with over 400 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 the initial term and option periods, generating NOI and hedging against inflation

• The site is located next to the U.S. Hwy 52 and Doral Rd Interchange, which averages a combined 59,500 vehicles passing by daily
• The subject property is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Food Lion, Walgreens, Dollar General, Dollar Tree, and many more
• Strong tenant synergy increases consumer traffic to the immediate trade area and promotes crossover store exposure to the site
• The asset benefits from excellent frontage and access, providing ease and convenience for customers