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Pizza Hut - Pineville KY 14455 U.S. Route 25 E 2,674 SF Retail Building Pineville, KY 40977 $435,000 ($162.68/SF) 7% Cap Rate
Investment Highlights
- 16+ Years Remaining | Tasty Hut, LLC - Strong Operator | Annual Rental Increases | Options to Extend
- Strong National/Credit Tenant Presence | Close Proximity to Pineville Community Health Center (120 beds)
- Strong Demographics in 5-mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Along U.S. Route 25 (16,900 VPD) | Excellent Visibility
Executive Summary
• The tenant, Tasty Hut, LLC, has 16+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• Tasty Restaurant Group, LLC is an experienced QSR franchisee with over 450 restaurants strong across 23 states operating under six iconic brands: Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken and Taco Bell brands
• The lease features annual rental increases of 1.50% throughout initial term and option periods, generating NOI and hedging against inflation
• Tasty Restaurant Group, LLC is an experienced QSR franchisee with over 450 restaurants strong across 23 states operating under six iconic brands: Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken and Taco Bell brands
• The lease features annual rental increases of 1.50% throughout initial term and option periods, generating NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,674 SF
Building Class
B
Year Built
1990
Price
$435,000
Price Per SF
$162.68
Cap Rate
7%
NOI
$30,450
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.79 AC
Zoning
C1 - Commercial
Parking
34 Spaces (12.72 Spaces per 1,000 SF Leased)
Frontage
185’ on Ridgewood Circle
Amenities
- Restaurant
- Signage
Property Taxes
| Parcel Number | 062-40-00-008.00 | Improvements Assessment | $0 |
| Land Assessment | $443,574 | Total Assessment | $443,574 |
Property Taxes
Parcel Number
062-40-00-008.00
Land Assessment
$443,574
Improvements Assessment
$0
Total Assessment
$443,574
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Pizza Hut - Pineville KY | 14455 U.S. Route 25 E
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