Crete, IL - Pizza Hut 1412 Main St

Investment Highlights

Recently Signed 15-Year Lease | Options To Extend |Scheduled Rental Increases Excellent Visibility | Modern Building Design Strong Demographics In 5-Mile Trade Area | Six-Figure Income Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Residential Corridor | Limited Competition

Executive Summary

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, newly constructed Pizza Hut investment property located in Crete, Illinois. The tenant, EYM Pizza of Illinois, LLC (47-unit operator) recently signed a brand new 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.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
• Building Size    2,089
• Building Class    C
• Year Built    2019
• Price    1,390,000
• Price Per SF    665
• Cap Rate    6.50
• NOI    90,350
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.32
• Land Acres    0.15 AC

• Freeway Visibility
• Restaurant
• Signage
• Signalized Intersection