Pizza Hut

354 Broadway, Fort Edward, NY 12828

$876,923

Cap Rate 6.50%

Views: 57 DOM: 57 Updated: 11.11.24 Posted: 09.25.24 Status: Active

Summary

Price $876,923	Built/Renov 2004	Tenant Pizza Hut
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,338	Lease Start 12-01-2023	#Units 211
Price/SF $262.71	Expiration 11-30-2043	Tenant Type Fast Casual/Rest.
NOI $57,000	R. Term 19.0	Ownership Fee Simple
Rent/SF $17.08	Increases 1.5%/4/yrs	Pop 5Mi 53,291
Lot/AC 0.00	Options 4/5yrs/1.5%	AHHI 5Mi $89,344

Lease Highlights

Pizza Hut has been operating in this location for over 20 years
The tenant has 19 years remaining on the current lease term with 4 (5-year) options to extend
The lease features 1.5% annual rental increases starting year 5 throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by Tasty Hut, LLC

Location Description

Pizza Hut is strategically located on Broadway, within close proximity to several prominent national tenants, including Subway, Dollar General, McDonald’s, Family Dollar, Dunkin’, and more. The property is also near key local economic drivers, such as the Owens Corning plant and General Electric. The 5-mile trade area serves a population of 53,291 residents with an average household income of...

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Key Features

Signalized intersection
In location for years
Near major nationals
Shopping Ctr out-parcel
Affluent suburb location
Long operation history
Long 15+ yr lease
Absolute NNN
Annual rent increases
Top franchise operator

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Links

Pizza Hut Wikipedia Pizza Hut Wikipedia Fort Edward, New York Zip Code 12828 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Pizza Hut
Guarantor:Franchisee
Company:Tasty Hut, LLC
# Units:211
Tenant S&P: BB+
Moody’s: Ba2
Stock: NYSE: YUM

About Tenant

Pizza Hut is an American restaurant chain and international franchise that specializes in the sale of ready-to-eat pizza products and operates in the delivery, carryout, and casual dining segments...

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Listing Broker

Tyler McGarry

Sands Investment Group

Contact

12 Listings
555 Views
2 Sold

Adam Scherr

Sands Investment Group

Contact

27 Listings
1578 Views
2 Sold

Tyler McGarry

I love to build and create new things, flesh out ideas, and strategize for the future. My goal is to affect meaningful change in the world on the largest scale possible. My experience working for Greenpeace taught me a great deal about big business' role the proliferation of climate change. I'm welcoming the challenge of joining the hundreds of companies and organizations that are willing to commit fully to making the planet a key stakeholder in all of their business operations.

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Adam Scherr

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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