Pizza Hut | 250 Nc Highway 9
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Pizza Hut 250 Nc Highway 9
3,145 SF Retail Building Black Mountain, NC 28711 £500,938 (£159/SF) 6% Net Initial Yield
Investment Highlights
- New 17-Year Lease | Tasty Hut, LLC - Strong Operator | Annual Rental Increases | Options to Extend
- Along State Hwy 9 (13,000 VPD) | Interstate 40 (50,600 VPD) | Strong National/Credit Tenant Presence
- Absolute NNN Sale-Leaseback | Zero Landlord Responsibilities | Fee-Simple Ownership
- Demographics 5-Mile Trade Area | Direct Consumer Base
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,145 SF
Building Class
B
Year Built
1990
Price
£500,938
Price Per SF
£159
Net Initial Yield
6%
NOI
£30,056
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
0.84 AC
Zoning
HB - 8 - General Commercial
Parking
35 Spaces (11.13 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 0619-34-5780-00000 | Improvements Assessment | £163,426 |
Land Assessment | £464,549 | Total Assessment | £627,975 |
PROPERTY TAXES
Parcel Number
0619-34-5780-00000
Land Assessment
£464,549
Improvements Assessment
£163,426
Total Assessment
£627,975
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Pizza Hut | 250 Nc Highway 9
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