Albany, LA - Pizza Hut

Description:

• The tenant currently has 6+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 6% rental increase next year and a 6% rental increase in the first option, the remaining 3 options have 5% rental increases, growing NOI and hedging against inflation
• JJB Brands was founded in 2017 with the acquisition of 35 Pizza Huts in Mississippi. Today, the company represents Checker’s and Moe’s, with more than 100 restaurants across five states

• The subject property is located along Florida Blvd which averages 9,100 VPD
• The site benefits from nearby direct on/off ramp access to Interstate 20, a major thoroughfare that averages 75,400 vehicles passing by daily
• The asset is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Dollar General, Family Dollar, O’Reilly Auto Parts, McDonald’s, Circle K, and many more

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Listing ID: a28TP000001yFgLYAU