Pizza Hut | Absolute NNN Leased Offering

2920 W 18th Ave, Emporia, KS

$1,478,260

Price

5.75%

Cap Rate

$85,000

NOI

Overview
Cap Rate
5.75%
NOI
$85,000
Building Size
3,794 sqft
Lot Area
1.69 acres
Lease Type
Absolute Net
Lease Expire Year
09/01/2029
Description

The subject property is a freestanding Pizza Hut located in Emporia, KS. Pizza Hut has a brand new 10 year absolute net lease with four five-year options to renew. The lease calls for rent escalations of 10% every 5 years. The asset is located nearby several retailers including Starbucks and Applebee’s.

Highlights
  • New 10 Year Absolute NNN Lease
  • 100% Fee Simple Interest
  • Zero Landlord Responsibilities
  • Operated by NPC International World’s Largest Wendy’s & Pizza Hut Franchisee
  • Surrounded by Major Retailers
Documents
Title
Offering Memorandum
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Location
Gallery