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Pizza Hut 777 Manor St 3,054 SF Retail Building Lancaster, PA 17603 $1,350,967 CAD ($442.36 CAD/SF) 6% Cap Rate
Investment Highlights
- Strong Unit-Level Performance
- Long-Term Operating History
- Franchisee-Guaranteed Lease
- Established Neighborhood Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Pizza Hut sale-leaseback located at 777 Manor Street, Lancaster, PA 1 7603. The site consists of roughly 3,054 rentable square feet of building space on an estimated .31 -acre parcel of land. Pizza Hut is subject to a 20 -year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $59,405 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
3,054 SF
Year Built/Renovated
1952/2020
Price
$1,350,967 CAD
Price Per SF
$442.36 CAD
Cap Rate
6%
NOI
$81,058 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.31 AC
Zoning
C2
Walk Score®
Very Walkable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | 338-02483-0-0000 | Improvements Assessment | $364,319 CAD |
| Land Assessment | $91,217 CAD | Total Assessment | $455,536 CAD |
Property Taxes
Parcel Number
338-02483-0-0000
Land Assessment
$91,217 CAD
Improvements Assessment
$364,319 CAD
Total Assessment
$455,536 CAD
Contacts
-
Francis Purritano -
Joseph Kelly -
Alexandre Marietto -
Glen Kunofsky -
Christopher Marks -
Surmount
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Pizza Hut | 777 Manor St
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