Log In/Sign Up
Your email has been sent.
Pizza Hut - Pineville KY 14455 U.S. Route 25 E 2,674 SF Retail Building Pineville, KY 40977 $607,225 CAD ($227.08 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 16+ Years Remaining | Tasty Hut, LLC - Strong Operator | Annual Rental Increases | Options to Extend
- Strong National/Credit Tenant Presence | Close Proximity to Pineville Community Health Center (120 beds)
- Strong Demographics in 5-mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Along U.S. Route 25 (16,900 VPD) | Excellent Visibility
EXECUTIVE SUMMARY
• The tenant, Tasty Hut, LLC, has 16+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• Tasty Restaurant Group, LLC is an experienced QSR franchisee with over 450 restaurants strong across 23 states operating under six iconic brands: Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken and Taco Bell brands
• The lease features annual rental increases of 1.50% throughout initial term and option periods, generating NOI and hedging against inflation
• Tasty Restaurant Group, LLC is an experienced QSR franchisee with over 450 restaurants strong across 23 states operating under six iconic brands: Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken and Taco Bell brands
• The lease features annual rental increases of 1.50% throughout initial term and option periods, generating NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,674 SF
Building Class
B
Year Built
1990
Price
$607,225 CAD
Price Per SF
$227.08 CAD
Cap Rate
7%
NOI
$42,506 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.79 AC
Zoning
C1 - Commercial
Parking
34 Spaces (12.72 Spaces per 1,000 SF Leased)
Frontage
185’ on Ridgewood Circle
AMENITIES
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 062-40-00-008.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $935,266 CAD | Total Assessment | $935,266 CAD |
PROPERTY TAXES
Parcel Number
062-40-00-008.00
Land Assessment
$935,266 CAD
Improvements Assessment
$0 CAD
Total Assessment
$935,266 CAD
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Pizza Hut - Pineville KY | 14455 U.S. Route 25 E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.