1608 S Story St
Boone, IA 50036
Pizza Hut · Retail Property For Sale

Marcus & Millichap is pleased to present the Pizza Hut located on 1608 South Story Street in Boone, Iowa. The offering consists of a 2,170-square foot single tenant, free standing building that was a build-to-suit in 1971 on approximately 0.36 acres. NPC International, Inc. has been the operator since 2000. The tenant has approximately three years and six months remaining on the last five-year option. The subject property is located within Boone County. The market area consists of 15,140 residents and 15,740 employees within a five-mile radius. The site is located near State Route 30 with 12,500 vehicles per day. The subject property sits in the main retail area in Boone. Pizza Hut is located near multiple traffic drivers such as: Walmart Supercenter, a Chevrolet Dealership, Super 8 Motel, Iowa High School Athletic Association, Kum & Go, Boone Speedway, Fareway Grocery, Baymont Inn & Suites, Cedar Creek & Honey Creek Golf Courses, and Boone Municipal Airport. Boone Iowa is a city in Des Moines Township and the county seat of Boone County. It is the principal city of the Boone, Iowa Micropolitan Statistical Area, which encompasses all of Boone County, including over 26,300 residents. Boone County was established January 13, 1846, from free land. It was named after Captain Nathan Boone, son of Daniel Boone, an American pioneer, who had formed the Wilderness Trail. Boone sits approximately forty-miles northwest of Des Moines and thirteen-miles west of Ames. This offering provides an incoming investor the ability to acquire a high yield, passive income stream guaranteed by a strong operator with a national brand that is growing and the opportunity to structure a new long-term lease.