Historical Retail Sale Listing - Pizza Hut NNN Ground Lease

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Pizza Hut NNN Ground Lease

1625 Clement Blvd NW, Hickory, NC 28601

N/A

3,000 SF | Retail

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Pizza Hut NNN Ground Lease

Retail Property - Off Market

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

Highlights

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

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.

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

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Created 1/15/2008