1295 W 7th St | Reno, NV 89503
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1295 W 7th St
Reno, NV 89503
Pizza Hut · Retail Property For Sale
Investment Highlights
- Absolute Triple-Net (NNN) Lease This Pizza Hut property features an absolute triple-net lease with no landlord responsibilities
- Tax-Friendly State Nevada is considered a tax-friendly state with no state income tax and one of the lowest property tax rates in the United States.
- Attractive Rental Increases This lease features 2.00% annual rental increases in both the base term and options, providing significant income growth
Executive Summary
Bang Realty is pleased to present the exclusive listing for a Pizza
Hut located at 1295 W. 7th St., Reno, NV 89503. The site consists
of roughly 1,326 rentable square feet of building space on an
estimated 0.35-acre parcel of land. This Pizza Hut is subject to a
15-year Triple Net (NNN) lease, which commenced 11/27/2017.
The current annual rent is $68,921 and has scheduled increases
of 2.00% annually.
Hut located at 1295 W. 7th St., Reno, NV 89503. The site consists
of roughly 1,326 rentable square feet of building space on an
estimated 0.35-acre parcel of land. This Pizza Hut is subject to a
15-year Triple Net (NNN) lease, which commenced 11/27/2017.
The current annual rent is $68,921 and has scheduled increases
of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,326 SF
Building Class
B
Year Built/Renovated
1967/1972
Price
£938,884
Price Per SF
£708
Net Initial Yield
5.75%
NOI
£53,986
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.09
Lot Size
0.35 AC
Zoning
NC
PROPERTY TAXES
| Parcel Number | 006-111-13 | Improvements Assessment | £17,319 |
| Land Assessment | £24,697 | Total Assessment | £42,015 |
PROPERTY TAXES
Parcel Number
006-111-13
Land Assessment
£24,697
Improvements Assessment
£17,319
Total Assessment
£42,015
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