Canton, 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, 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 ideally located along New Clyde Hwy, a major retail road that averages over 17,000 vehicles passing by daily
• The asset is in close proximity to several national/credit tenants including Food Lion, Walgreens, Ace Hardware, O’Reilly Auto Parts, and many more
• The Food Lion is a heavily trafficed grocery store that averages 520,000+ visitors a year according to Placer.AI
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The site is in close proximity to Canton Middle School (499 students), further increasing consumer traffic to the immediate trade area