Monroe, GA - Pizza Hut
$875,000
1117A W. Spring St, Monroe, GA 30655
6.6
Cap Rate
59,801
NOI
Details:
Description:
• The tenant, GPS Hospitality Huts, LLC, will sign a brand-new 10-year lease with 4 (5-year) options to extend at the close of escrow, demonstrating their long-term commitment to the site
• GPS Hospitality is an experienced QSR franchisee with nearly 500 restaurants including 55 Pizza Huts; they were awarded “Developer of the Year” by Burger King Corporation in 2023
• The lease will feature scheduled rental increases of 7.5% every five years and at the beginning of each option, generating NOI and hedging against inflation
• Pizza Hut is part of a larger retail development that features Taco Bell, Panera Bread, Papa Johns, Harbor Freight Tools, and more; the tenant lineup will promote synergy and crossover store exposure
• Fronting W Spring St averaging 17,000 VPD
• The immediate trade area is supported by surrounding retailers such as The Home Depot, LongHorn Steakhouse, Walmart Supercenter, Dollar Tree, and more
• The asset benefits from excellent frontage and access, providing ease and convenience for customers
Location
Gallery
