San Antonio, TX - Pizza Hut (Ingram Rd)

Description:

• The tenant, at close of escrow, will sign a brand new 15-year sale leaseback with 4 (5-year) options, demonstrating commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• A global leader in the pizza category, Pizza Hut operates more than 19,000 restaurants in more than 100 countries
• Tenant, Emerge Pizza of San Antonio LLC, is a subsidiary of Emerge! Restaurant Group, which operates 185 restaurants across their Pizza Hut, KFC, Taco Bell, and Sonic portfolio

• The subject property is located along Ingram Rd, a major retail road that averages 32,200 vehicles passing by daily
• The site benefits from nearby direct on/off ramp access to Interstate 410, a major thoroughfare averaging over 204,000 VPD
• The asset is located in a dense retail corridor, with numerous nearby national/credit tenants including Best Buy, Macy’s, CVS, Walgreens, and many more