Pizza Hut | New 15yr Abs NNN w/ Incrses 3131 S Kinnickinnic Ave

Investment Highlights

Recently Signed 15-Year Lease | Options To Extend |Scheduled Increases E Oklahoma Ave & S Kinnickinnic Ave (23,300 Combined VPD) | Excellent Visibility & Access | Limited Competition Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Direct Consumer Base | Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) interest in an absolute NNN leased, freestanding, Pizza Hut investment property located in Milwaukee, Wisconsin. The tenant, EYM Pizza of Wisconsin, LLC (38-unit operator), recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase 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
• Building Size    1,710
• Building Class    B
• Year Built    1977
• Price    1,265,000
• Price Per SF    740
• Cap Rate    6.50
• NOI    82,200
• Tenancy    Single
• Building Height    1 Story
• Slab To Slab    12?
• Building FAR    0.11
• Land Acres    0.36 AC

• Bus Line
• Corner Lot
• Freeway Visibility
• Pylon Sign
• Restaurant
• Signage