1217 Mount Hermon Rd | Salisbury, MD 21804
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1217 Mount Hermon Rd
Salisbury, MD 21804
Pizza Hut - 4 Unit Portfolio · Retail Property For Sale
Investment Highlights
- Stabilized Lease Term – There are approximately 8 years remaining on original 20-year lease, with two (2) 5-year options to extend
- Rare Annual Increases – There are 1.00% bumps scheduled every year in the primary term and options
- World’s Largest Pizza Hut Operator – NPC International operates roughly 20% of all domestic Pizza Hut units
- Absolute NNN Investment – Tenant is responsible for insurance, taxes, maintenance, roof and structure
- Portfolio Pricing – Portfolio is listed at a 7.50% cap rate enabling an excellent cash-on-cash return opportunity with financing for buyers
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,980 SF
Building Class
B
Year Built
1983
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.64 AC
Frontage
98’ on Mount Hermon Rd
Amenities
- Pylon Sign
- Restaurant
- Signage
About 1217 MOUNT HERMON RD , SALISBURY, MD 21804
Portfolio Pricing – Portfolio is listed at a 7.50% cap rate enabling an excellent cash-on-cash return opportunity with financing for buyers Top Ranked Multi-Concept Franchisee – NPC International is the 2nd largest restaurant operator in the country with over $1,334,697,000 in sales according to Franchise Times (Aug. 2018) – They operate 1,144 Pizza Huts in 27 states and 384 Wendy’s units in 7 states, plus Washington D.C.
Property Taxes
| Parcel Number | 05-084911 | Improvements Assessment | $556,300 |
| Land Assessment | $291,300 | Total Assessment | $847,600 |
Property Taxes
Parcel Number
05-084911
Land Assessment
$291,300
Improvements Assessment
$556,300
Total Assessment
$847,600
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