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Pizza Hut 777 Manor St 3,054 SF Retail Building Lancaster, PA 17603 $1,373,858 CAD ($449.86 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
$1,373,858 CAD
Price Per SF
$449.86 CAD
Cap Rate
6%
NOI
$82,432 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 | $370,070 CAD |
| Land Assessment | $92,657 CAD | Total Assessment | $462,726 CAD |
PROPERTY TAXES
Parcel Number
338-02483-0-0000
Land Assessment
$92,657 CAD
Improvements Assessment
$370,070 CAD
Total Assessment
$462,726 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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