Savannah, GA - Pizza Hut

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) interest in an absolute NNN leased, freestanding, Pizza Hut investment property located in Savannah, Georgia. The tenant, EYM Pizza of Georgia, LLC (35-unit operator), recently signed a 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and
at the beginning of each option period, 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 strategically located along Skidaway Road, a major retail and commuter thoroughfare, averaging 19,600 vehicles passing by daily. The property benefits from being near the major signalized intersection of Skidaway Road and U.S. Highway 80 (combined 52,300 VPD). The investment is located near Victory Square, a heavily trafficked community shopping center that serves 3.5M visitors per year (per Placer.ai). Victory Square includes tenants Target, The Home Depot, CVS Pharmacy, and more. The subject property is located within a dense retail corridor with national/credit tenants including Whole Foods Market, Kroger, Pet Smart, Chick-fil-A, and Chipotle. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. The site benefits from excellent visibility and access via significant street frontage, multiple points of ingress/egress, and a large pylon sign. The 5-mile trade area is supported by more than 120,000 residents and 82,232 daytime employees with an affluent average household income of $85,296.