Mocksville, NC - Pizza Hut

Description:

• The tenant, Tasty Hut, LLC, has entered into a brand new 17 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• Tasty Restaurant Group, is an experienced QSR franchisee with over 450 restaurants strong across 23 states operating under six iconic brands: Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken and Taco Bell brands
• The lease features annual rental increases of 1.50% throughout initial term and option periods, generating NOI and hedging against inflation

• The subject property is located near the intersection of Interstate 40 and U.S. Hwy 601, which average a combined 56,000 vehicles passing by daily
• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Big Lots, Lowe’s, Tractor Supply Co, and many more
• Strong tenant synergy increases consumer traffic to the immediate trade area and promotes crossover store exposure to the site
• The asset benefits from excellent frontage and access, providing ease and convenience for customers