249 S Stuart Ave - Fast Food FOR SALE


Elkton, VA 22827
$657,075 USD
202-847-4200
249 S Stuart Ave, Elkton, VA for Sale
$657,075 USD
Fast Food - FOR SALE
1/5
null | 7% Cap Rate

249 S Stuart Ave
Elkton, VA 22827


HIGHLIGHTS

  • Long Term Tenant
  • Attractive Rent Increases
  • Experienced Operator
  • Zero Landlord Responsibilities
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant, net-leased Pizza Hut investment property located at 249 S Stuart Avenue in Elkton, Virginia (the “Property”). Pizza Hut has been at this location since 2012 (12 years) and just extended their lease demonstrating their commitment to the site and the market. Pizza Hut has 4+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 5.0% rental increases at the beginning of each option period. Pizza Hut is well-located at the signalized intersection of S Stuart Avenue (US Route 340) and W Spotswood Trail (US 33 BUS) and is 500 feet from US Highway 33, the area’s primary commercial and commuter corridors. The Property benefits from excellent visibility, frontage, and signage and is surrounded by the area’s retailers and businesses, all of which drive traffic to the immediate area. The Property is 2-miles from Food Lion, the area’s primary grocery store, and enjoys convenient access to Elkton’s elementary, middle, and high schools.

FOR SALE DETAILS

PRICE

$657,075 USD

PRICE/SF

$337 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

TOWN

APN/PARCEL ID

131B1-A-L64A

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.