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Pizza Hut 19151 Florida Blvd 2,008 SF Retail Building Albany, LA 70711 $976,690 CAD ($486.40 CAD/SF) 7.02% Cap Rate
INVESTMENT HIGHLIGHTS
- 6+ Years Remaining | Scheduled Rental Increases | Strong Franchisee
- Along Florida Blvd | Interstate 20 | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
• The tenant currently has 6+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 6% rental increase next year and a 6% rental increase in the first option, the remaining 3 options have 5% rental increases, growing NOI and hedging against inflation
• JJB Brands was founded in 2017 with the acquisition of 35 Pizza Huts in Mississippi. Today, the company represents Checker’s and Moe’s, with more than 100 restaurants across five states
• The lease features 6% rental increase next year and a 6% rental increase in the first option, the remaining 3 options have 5% rental increases, growing NOI and hedging against inflation
• JJB Brands was founded in 2017 with the acquisition of 35 Pizza Huts in Mississippi. Today, the company represents Checker’s and Moe’s, with more than 100 restaurants across five states
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,008 SF
Building Class
B
Year Built
2020
Price
$976,690 CAD
Price Per SF
$486.40 CAD
Cap Rate
7.02%
NOI
$68,564 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Zoning
GC - General Commercial
Parking
14 Spaces (6.97 Spaces per 1,000 SF Leased)
Frontage
102’ on Florida Blvd
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0292771 | Improvements Assessment | $62,326 CAD |
| Land Assessment | $4,230 CAD | Total Assessment | $66,557 CAD |
PROPERTY TAXES
Parcel Number
0292771
Land Assessment
$4,230 CAD
Improvements Assessment
$62,326 CAD
Total Assessment
$66,557 CAD
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Pizza Hut | 19151 Florida Blvd
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