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Pizza Hut 200 Franklin Springs St 2,626 SF Retail Building Royston, GA 30662 $1,300,000 ($495.05/SF) 5.22% Cap Rate
Investment Highlights
- Absolute Triple - Net (NNN) Lease | Zero (0) Landlord Responsibilities
- Ten Percent (10.00%) Rental Increases Every 5 Years & In Options
- Recently Executed Twenty - Five (25) - Year Lease | Approximate ly Twenty (20) Years Remaining
- 0.90 - Acre Lot | 2,626 Square - Foot Building | Large Pylon Sig n With Visibility Along Franklin Springs St | Royston’s Main Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 200 Franklin Springs Circle, Royston, GA 30662. The site consists of roughly 2,626 rentable square feet of building space on an estimated .09-acre parcel of land. Pizza Hut is subject to a 25-year Triple Net (NNN) lease, which commenced on January 1, 2021. The current annual rent is $67,925 and has scheduled increases of 10.00% Every 5 Years. The lease is guaranteed by Ayvaz Pizza, the #2 largest Pizza Hut Franchisee with 350+ units across the United States.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,626 SF
Building Class
C
Year Built
1987
Price
$1,300,000
Price Per SF
$495.05
Cap Rate
5.22%
NOI
$67,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Zoning
C - Commercial
Parking
28 Spaces (10.66 Spaces per 1,000 SF Leased)
Frontage
67’ on Franklin Springs Street
Nearby Major Retailers
Property Taxes
| Parcel Number | 068A-023 | Improvements Assessment | $70,982 |
| Land Assessment | $31,711 | Total Assessment | $102,693 |
Property Taxes
Parcel Number
068A-023
Land Assessment
$31,711
Improvements Assessment
$70,982
Total Assessment
$102,693
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Pizza Hut | 200 Franklin Springs St
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