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Pizza Hut 1010 N State St 2,365 SF Retail Building Greenfield, IN 46140 $1,139,250 ($481.71/SF) 6.75% Cap Rate
Investment Highlights
- Brand-New Long-Term Lease
- High-Traffic Corridor
- Strong Franchisee Guarantee
- Retail Corridor Presence
Executive Summary
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 1010 N State St, Greenfield, IN 46140. The site consists of roughly 2,365 rentable square feet of building space on an estimated 0.45-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which commenced 6/1/2025. The current annual rent is $76,899 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,365 SF
Year Built
1974
Price
$1,139,250
Price Per SF
$481.71
Cap Rate
6.75%
NOI
$76,899
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.45 AC
Frontage
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-07-32-102-005.000-009 | Improvements Assessment | $249,800 |
| Land Assessment | $129,400 | Total Assessment | $379,200 |
Property Taxes
Parcel Number
30-07-32-102-005.000-009
Land Assessment
$129,400
Improvements Assessment
$249,800
Total Assessment
$379,200
Contacts
-
Glen Kunofsky -
Kyle Karsian -
Patrick Finn -
Walker Stevens -
Christopher Marks -
Surmount
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Pizza Hut | 1010 N State St
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