This Retail Property is Off-Market.

1625 Clement Blvd NW
Hickory, NC 28601 ·

3,000 SF · Retail For Sale

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Pizza Hut NNN Ground Lease

Price N/A No. Stories 1
Building Size 3,000 SF Tenancy Single
Property Type Retail Property on Ground Lease? Yes
Property Sub-type Restaurant Year Built 1994
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 35,069 SF
Cap Rate 4.50% APN / Parcel ID 279312756156
Occupancy 100%
Listing ID: 15514556 Date Created: 01/15/2008 Last Updated: 04/10/2008

Description

This subject property is a Pizza Hut simple ground lease located on the corner of US 321 and Clement Blvd. in Hickory, NC. The Pizza Hut building sits on a .78 acre on a highly traveled 4-lane highway with a car count of approximatly 30,000. The property is under a Corporate backed lease with a remain 11 years, with two five year options. Tenant is responsible for all taxes, insurance and maintenance.

This property is located in Catawba County, the foothills of North Carolina. It is at a major intersection with a stop light. Across the highway is a CVS Pharmacy and a Taco Bell. This property is also at the intersection leading into the LP Frans Stadium, home of the Hickory Crawdads. There is also a new WalMart being constructed about a mile down the highway.

Highlights

  • Triple Net Ground Lease
  • Strong Traffic Count
  • Excellent Visibility
  • Heavily Populated Retail Area

Research

1625 Clement Blvd NW, Hickory, NC 28601 (Catawba County)

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