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Pizza Hut 1420 N Main St 4,318 SF Retail Building Rushville, IN 46173 $916,879 ($212.34/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New Long-Term Lease
- Dense Retail Corridor
- Strong Franchisee Guarantee
- Strong Traffic Counts & Visibility
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 1420 N Main St, Rushville, IN 46173. The site consists of roughly 2,250 rentable square feet of building space on an estimated 1.01-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 $61,889 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,318 SF
Year Built/Renovated
1984/2014
Price
$916,879
Price Per SF
$212.34
Cap Rate
6.75%
NOI
$61,889
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.01 AC
Opportunity Zone
Yes
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 70-07-32-101-004.000-011 | Improvements Assessment | $492,600 |
| Land Assessment | $176,800 | Total Assessment | $669,400 |
PROPERTY TAXES
Parcel Number
70-07-32-101-004.000-011
Land Assessment
$176,800
Improvements Assessment
$492,600
Total Assessment
$669,400
CONTACTS
-
Glen Kunofsky -
Kyle Karsian -
Patrick Finn -
Walker Stevens -
Christopher Marks -
Surmount
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Pizza Hut | 1420 N Main St
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