Pizza Hut - Restaurant FOR SALE
Absecon, NJ 08205 |
Pizza Hut
Absecon, NJ 08205
HIGHLIGHTS
- Long Term Absolute NNN Lease (Fee Simple) with Pizza Hut- Part of YUM Bands! (NYSE: YUM)- 10+ Yrs.
- RARE East Coast Infill Trade Area near Atlantic City- Over 111M Visitors Came to New Jersey in 2018
- 2 Strong Guarantees by PCF Restaurant Group (20+ Unit Operator) – Strong Sales with Low RTS Ratio
- RARE 1.50% Annual Bumps or 1.25 CPI- Zero LL Duties- Smaller Price Point for National Brand Tenant
- City is Part of Largest Township in New Jersey- Across from new Hotel Development- Path of Growth
- Iconic American Name Brand- Rare Bite Size- Ability to Generate High Leveraged Cash on Cash Returns
OVERVIEW
We are pleased to present to qualified investors an opportunity to purchase (fee simple) an absolute NNN single tenant Pizza Hut with approximately 10 years remaining on the lease, 1.50% annual rental increases and 4, 5 year option periods. Positioned on White Horse Pike, the subject property is located on one of the main East/West thoroughfares leading from Atlantic City Airport to the highly visited tourist and resort destination of Atlantic City.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
True NNN- Rare Nj Asset- Small Price Point
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food
TOTAL BUILDING SIZE
3675
STORIES
1
YEAR BUILT
1991
SPRINKLERS
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PARKING SPACES
35
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
11-00916-0000-00002
