Lewistown, 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 Lewistown, Montana. The tenant, Pizza Hut has approximately 14 years of initial term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The operator, Grand Mere Restaurant Group, operates over 140 locations and is the leading Pizza Hut franchisee. The lease features annual 1.50% rental increases throughout the initial term and throughout each option period, 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 West Main St/US Highway 87 & 191 /State Highway 200 with over 7,700 vehicles passing by daily. W Main Street/US Highway 87 is the major retail thoroughfare serving the city of Lewistown. The Pizza Hut is in close proximity to Central Montana Medical Center, the primary hospital serving the region. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Albertsons, McDonald’s, Verizon, Family Dollar, Subway, Ace Hardware, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 7,600 residents and more than 4,600 employees with an average household income of $79,222.