Pizza Hut | 645 Madison Rd
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Pizza Hut 645 Madison Rd
2,846 SF Retail Building Mocksville, NC 27028 £641,200 (£225/SF) 6% Net Initial Yield
Investment Highlights
- New 17-Year Lease | Tasty Hut, LLC - Strong Operator | Annual Rental Increases | Options to Extend
- Near Intersection of Interstate 40 & U.S. Hwy 601 (56,000 VPD) | Dense Retail Corridor | Excellent Visibility & Access
- Absolute NNN | Zero Landlord Responsibilities | Fee-Simple Ownership
- Demographics 5-Mile Trade Area
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,846 SF
Building Class
B
Year Built/Renovated
1988/1998
Price
£641,200
Price Per SF
£225
Net Initial Yield
6%
NOI
£38,472
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
1.04 AC
Zoning
HC - Highway Commercial
Parking
44 Spaces (15.46 Spaces per 1,000 SF Leased)
Frontage
143 ft on Madison Road
Amenities
- Pylon Sign
- Restaurant
- Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | H4-000-00-010-01 | Improvements Assessment | £249,759 |
Land Assessment | £294,673 | Total Assessment | £544,432 |
PROPERTY TAXES
Parcel Number
H4-000-00-010-01
Land Assessment
£294,673
Improvements Assessment
£249,759
Total Assessment
£544,432
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Pizza Hut | 645 Madison Rd
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