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Pizza Hut 1236 St Georges Ave 1,500 SF Retail Building Avenel, NJ 07001 $1,250,000 ($833.33/SF) 6% Cap Rate
Investment Highlights
- Strong Unit-Level Performance
- High-Traffic Retail Corridor
- Franchisee-Guaranteed Lease
- Affluent Demographics
Executive Summary
Surmount is pleased to present the exclusive listing for a Pizza Hut sale-leaseback located at 1236 Saint Georges Avenue, Avenel, NJ 07001. The site consists of roughly 1,500 rentable square feet of building space on an estimated .34-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) l ease which will commence upon close of escrow. The annual rent will be $75,000 and has scheduled increases of 2.00% Annually
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,500 SF
Building Class
C
Year Built/Renovated
1940/2021
Price
$1,250,000
Price Per SF
$833.33
Cap Rate
6%
NOI
$75,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.34 AC
Zoning
B3
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Restaurant
- Signage
- Air Conditioning
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-00832-0000-00001 | Improvements Assessment | $86,900 |
| Land Assessment | $70,000 | Total Assessment | $156,900 |
Property Taxes
Parcel Number
25-00832-0000-00001
Land Assessment
$70,000
Improvements Assessment
$86,900
Total Assessment
$156,900
Contacts
-
Francis Purritano -
Joseph Kelly -
Alexandre Marietto -
Glen Kunofsky -
Christopher Marks -
Surmount
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Pizza Hut | 1236 St Georges Ave
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