Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Pizza Hut investment property located in Crown Point, Indiana. The tenant, EYM Pizza of Indiana, LLC (15-unit operator) recently signed a 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, 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 asset is located near the signalized, hard corner intersection of North Main Street and East Summit Street with a combined 28,200 vehicles passing daily. North Main Street is the major retail thoroughfare serving Crown Point, Indiana, featuring national retail tenants including Starbucks, Taco Bell, and a grocery-anchored shopping center, all within 1-mile of the subject property. Pizza Hut has excellent visibility and significant street frontage along the frequently traveled thoroughfare. The property will benefit from its position 1.5-miles from the Crown Point Sports Complex, a multi-use event destination covering 95 acres and 120,000 square feet of facilities. The complex is a fixture in the local, affluent community which boasts a strong supporting trade area and direct consumer base. The 5-mile trade area is supported by a population of over 94,200 residents and 49,300 employees with an average household income of $104,626.

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