Overview

Description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple (land & building ownership) in an absolute NNN, newly constructed, drive-thru equipped, Pizza Hut investment property located in Watertown, Wisconsin. The tenant, EYM Pizza of Wisconsin, LLC (38-unit operator), recently signed a brand new 15-year master lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The retail site is fully occupied, with KFC and TDS Metrocom occupying the building as subtenants. The master lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor.

The subject property is strategically located along S. Church St, a major retail thoroughfare, that averages 14,400 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large monument sign. Furthermore, the building is equipped with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. In addition, the asset is ideally situated in proximity to numerous national/credit tenants including Harbor Freight, Ace Hardware, Dollar Tree, Joann, and more. 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 approximately 26,400 residents and 11,000 employees with an average household income of $78,632, providing a direct consumer base from which to draw.

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