Pizza Hut | 609 W Main St
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Pizza Hut 609 W Main St
3,334 SF Retail Building Cut Bank, MT 59427 £1,110,905 (£333/SF) 6% Net Initial Yield
Investment Highlights
- Absolute Triple-Net Lease | This property is subject to an absolute triple-net lease with zero landlord responsibilities. Providing the landlord with
- Large Guarantee From a Proven Operator | Grand Mere Restaurant Group is backing the lease. GMRG operates 145+ Pizza Hut locations across nine differen
- Attractive Rental Increases | 1.50% annual rental increases to hedge against inflation.
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 609 W Main Street, Cut Bank, MT, 59427. The site consists of roughly 3,334 rentable square feet of building space on an estimated 0.68-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which commenced 2/1/2019. The current annual rent is $83,162 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,334 SF
Building Class
B
Year Built/Renovated
1984/1990
Price
£1,110,905
Price Per SF
£333
Net Initial Yield
6%
NOI
£66,654
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
0.68 AC
Zoning
6
Parking
11 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
245 ft on W Main St
Amenities
- Pylon Sign
- Restaurant
- Signage
PROPERTY TAXES
Parcel Number | 38-4529-01-3-01-01-0000 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £383,924 |
PROPERTY TAXES
Parcel Number
38-4529-01-3-01-01-0000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£383,924
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Pizza Hut | 609 W Main St
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