Pizza Hut - DARK | 301 N Broadway
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Pizza Hut - DARK 301 N Broadway
2,604 SF Retail Building Portland, TN 37148 £683,274 (£262/SF) 6% Net Initial Yield
Investment Highlights
- 8% rental increases every 5 years (Next increase July 2025)
- Absolute NNN - No Landlord responsibilities
- North Broadway - Traffic Count 20,579
- Excellent Tenant
- Well located along State Highway 109
- Attractive Free Standing building on a large lot with 32 parking spaces on site
Executive Summary
This Attractive 2,604 SqFt building that was remodeled in 2019 sits on a 0.62 Acre lot with ample parking. Well located along state Hwy 109 with high traffic count on North Broadway. Absolute NNN Investment with an excellent tenant. Rental Increase of 8% every 5 years; Next increase July 2025.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,604 SF
Building Class
C
Year Built
1992
Price
£683,274
Price Per SF
£262
Net Initial Yield
6%
NOI
£41,028
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.67 AC
Opportunity Zone
Yes
Zoning
CO
Parking
32 Spaces (12.29 Spaces per 1,000 SF Leased)
Frontage
82 ft on Broadway St
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 033A-C-021.00 | Improvements Assessment | £89,630 |
| Land Assessment | £12,624 | Total Assessment | £102,254 |
PROPERTY TAXES
Parcel Number
033A-C-021.00
Land Assessment
£12,624
Improvements Assessment
£89,630
Total Assessment
£102,254
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Pizza Hut - DARK | 301 N Broadway
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