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Pizza Hut 1644 Brantley ave 2,361 SF Retail Building Cullman, AL 35055 $1,851,852 ($784.35/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Absolute Triple Net (NNN) Lease | At closing the tenant will execute a brand-new 15-year absolute triple net lease.
- Strong Franchisee Guarantee | The lease will feature a guarantee from JJB Brands.
- Attractive Rent Increases | The lease will feature scheduled increases of 10% Every 5 Years.
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 1644 Brantley Avenue Northwest, Cullman, Alabama 35055. The site consists of roughly 2000 rentable square feet of building space on an estimated 1.13-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $125,000 and has scheduled increases of 10.00% Every 5 Years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,361 SF
Building Class
B
Year Built
2023
Price
$1,851,852
Price Per SF
$784.35
Cap Rate
6.75%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.15 AC
Parking
34 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
198’ on Brantley Avenue Northwest
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-02-04-4-004-009.005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $176,560 |
PROPERTY TAXES
Parcel Number
17-02-04-4-004-009.005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$176,560
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Pizza Hut | 1644 Brantley ave
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