About This Restaurant
Investment Highlights
Recently Signed 15-Year Lease | Options To Extend | Scheduled Rental Increases Retail Corridor | Near Crown Point Sports Complex Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Strong Demographics In 5-Mile Trade Area | Affluent Community
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Pizza Hut investment property located in Crown Point, Indiana. The tenant, EYM Pizza of Indiana, LLC (15-unit operator) recently signed a 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.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 2,771
- Building Class B
- Year Built 2000
- Price 1,300,000
- Price Per SF 469
- Cap Rate 6.46
- NOI 84,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.19
- Land Acres 0.33 AC
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 45-16-05-335-012.000-042 | Improvements Assessment | $231,300 |
| Land Assessment | $280,800 | Total Assessment | $512,100 |
| Date Created: | 2024-07-16 04:13:40 | Last Updated: | 2024-07-16 04:13:40 |
| Address: | 715 N Main St , Crown Point, Indiana, 46307 | ||