42485 E Morgan Ave - Restaurant FOR SALE
Pennington Gap, VA 24277 |
$1,200,000 USD
310-558-2029
42485 E Morgan Ave
Pennington Gap, VA 24277
HIGHLIGHTS
- A Subsidiary of Tasty Restaurant Group (TRG); a Premier Franchise Operator Managing Over 400 Restaurants Across Top-Tier Brands
- Operating Under the Globally Recognized Pizza Hut Brand, This Location Benefits From TRG's Extensive Experience and Market Presence
- The Property Features a Long-Term 17-Year Absolute NNN Lease; Offering Investors True Passive Income With Zero Landlord Responsibilities
- The Lease Includes 1.5% Annual Rental Increases Throughout the Initial Term and Option Periods; Steadily Increasing NOI
- The Property is Located Near Major Local Employers: Such as Lee County Community Hospital: Which Contributes to a Stable Customer Base
- The Surrounding Area Features a Mix of National and Local Retailers; Including Grocery Stores and Essential Services
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,304 SF Pizza Hut Located at 42485 East Morgan Avenue in Pennington Gap, VA. This Deal Includes a 17-Year Absolute NNN Lease With 1.5% Rental Increases, Providing For a Secure Investment.
In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275
FOR SALE DETAILS
PRICE
$1,200,000 USD
PRICE/SF
$515 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pizza Hut - Pennington Gap, VA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.63 AC
LAND SF
27,443 SF
ZONING
C
APN/PARCEL ID
23E-(31)-45
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310-558-2029
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310-558-2029
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