Shelby, MT - Pizza Hut

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Pizza Hut investment property located in Shelby, Montana. The tenant, GMRG ACQ 1, LLC, has 14+ years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.50% annual rental increases throughout the initial term and option periods, steadily 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 located on W Roosevelt Hwy, averaging over 3,900 vehicles passing by daily. Roosevelt Hwy is a major retail thoroughfare serving the city of Shelby. The property is located within walking distance to a 17,000+ square foot Albertson’s grocery store. The asset is within 1 mile of Shelby High School, which has an enrollment over 120 students, and Logan Health, a critical access hospital with acute care services and an ICU. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Family Dollar, Pilot, Comfort Inn, OYO Hotel, Subway, NAPA Auto Parts, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 3,300 with an average household income of $88,460.