5180 Dickenson Hwy - Restaurant FOR SALE
Clintwood, VA 24228 |
$1,250,000 USD
310-558-2029
5180 Dickenson Hwy
Clintwood, VA 24228
HIGHLIGHTS
- Strong 211-Unit Corporate Guarantee From Tasty Huts, LLC: A Subsidiary of Tasty Restaurant Group (TRG)
- Brand Strength: Operating Under the Globally Recognized Pizza Hut Brand. This Location Benefits From TRG's Extensive Experience and Market Presence
- 17-Year Absolute NNN Lease: The Property Features a Long-Term 17-Year Absolute NNN Lease; Offering Investors True Passive Income
- 1.5% Annual Rent Increases: The Lease Includes 1.5% Annual Rental Increases Throughout the Initial Term and Option Periods; Steadily Increasing NOI
- This Pizza Hut Benefits From Excellent Visibility Alang One of Clintwood's Main Thoroughfares; Ensuring a Steady Flow of Customers
- The Property is Positioned Near Clintwood's Municipal Center, Which Generates Consistent Traffic From Local Government and Public Services
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,916 SF Pizza Hut Located at 5180 Dickenson Highway in Clintwood, VA. The Property Features a Long-Term 17-Year Absolute NNN Lease; Offering Investors True Passive Income With Zero Landlord Responsibilities, Providing For a Secure Investment.
In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275
FOR SALE DETAILS
PRICE
$1,250,000 USD
PRICE/SF
$429 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pizza Hut
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
27
LAND DETAILS
LAND ACRES
0.73 AC
LAND SF
31,799 SF
ZONING
BUSINESS A
APN/PARCEL ID
890
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310-558-2029
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310-558-2029
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