Pizza Hut | Absolute NNN Leased Offering

102 E Quincy St, Pittsburg, KS

$1,363,636

Price

5.5%

Cap Rate

$75,000

NOI

Overview
Cap Rate
5.5%
NOI
$75,000
Building Size
1,870 sqft
Lease Type
Absolute Net
Lease Expire Year
09/01/2034
Description

The subject property is a freestanding Pizza Hut located in Pittsburg, KS. Pizza Hut has a brand new 15 year absolute net lease with four five-year options to renew. The lease calls for rent escalations of 10% every 5 years. The subject property is brand new construction. The building is 2,500 square-feet and includes a drive-thru. The asset is located less than one mile Pittsburg state and surrounded by other major retailers. The subject offering is a part of a leaseback portfolio from NPC International and is available individually. NPC currently operates more than 1,213 Pizza Hut units in 27 states and more than 386 Wendy’s units in 7 states, plus Washington D.C.

Highlights
  • New 15 Year Absolute NNN Lease
  • 100% Fee Simple Interest
  • Zero Landlord Responsibilities
  • Drive-thru Location
  • Operated by NPC International World’s Largest Pizza Hut and Wendy’s Franchisee
  • Brand New Construction
  • Less Than One Mile From Pittsburg State
Documents
Title
Pizza_Hut_-_Pittsburg__KS.pdf
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Location
Gallery