This property is Off-Market
1625 Clement Blvd NW
Hickory, NC 28601 ·
3,000 SF · Retail For Sale
Pizza Hut NNN Ground Lease
|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|
|Listing ID: 15514556||Date Created: 01/15/2008||Last Updated: 04/10/2008|
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.
- Triple Net Ground Lease
- Strong Traffic Count
- Excellent Visibility
- Heavily Populated Retail Area
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