Black Mountain, 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 site is located along State Hwy 9, which averages 13,000 vehicles passing by daily
• The subject property benefits from direct on/off ramp access to Interstate 40, a major thoroughfare that averages 50,600 VPD
• Nearby national/credit tenants include CVS, Starbucks, O’Reilly Auto Parts, Walgreens, Shell, and many more
• The asset benefits from excellent frontage and access, providing ease and convenience for customers