Hendersonville, NC - Pizza Hut

Description:

• The tenant, Tasty Hut, LLC, signed a brand new 17 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• Tasty Hut, LLC is an experienced QSR franchisee with over 400 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 the initial term and option periods, generating NOI and hedging against inflation

• The subject property is an outparcel to a T.J. Maxx anchored center, further increasing consumer traffic to the trade area
• The site is located at the signalized, hard corner intersection of Four Seasons Blvd. and Freeman St. which average a combined 31,700 vehicles passing by dialy
• The asset benefits from nearby direct on/off ramp access to Interstate 26, a major thoroughfare that averages over 54,000 VPD
• The subject property is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Home Depot, Big Lots, Lowe’s, Aldi, Starbucks, Bealls, and many more