1616 N 2nd St
Clinton, IA 52732
Pizza Hut | Clinton, IA · Retail Property For Sale

The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. There are eleven (11.2) years remaining on the lease term, plus one (1), five (5) year option. Reported sales at this location are more than twice the national average for Pizza Hut and increased ~25% from 2018 to 2019. Please contact broker for details. The lease is signed by 2JR Enterprises, LLC, an experienced Pizza Hut franchisee with approximately 30 locations. The average household income in the five (5) mile demographic ring is $61,517. Pizza Hut is surrounded by several popular retailers including Jewel-Osco, Walgreens, KFC Burger King, Wendy’s, Taco Bell and Dollar General, among others. The subject property is located just 42 miles (50 minutes) from Davenport, IA, and 86 miles (110 minutes) from Cedar Rapids, IA. Pizza Hut is located within three (3) miles of a half-dozen schools (elementary, middle, high, community college), implying a built-in customer base. The city of Clinton is the county seat of Clinton County, Iowa. There are 65 barge terminals along Iowa, 57 on the Mississippi River and eight along the Missouri River. The ports, terminals and fleeting areas in Iowa provide jobs and income for their communities, and support Iowa industries dependent on the river for transportation. River transportation, including harbors and terminals, are an engine for continued economic growth. Clinton Community High School is the third-best ranked in the state with a 91% graduation rate (US News and World Report, 2019). Iowa’s high school graduation rate remains #1 in the nation.