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Pizza Hut 3 Old Farm Rd 2,501 SF Retail Building Danville, IN 46122 $1,159,891 ($463.77/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New Long-Term Lease
- Dense Retail Corridor
- Strong Franchisee Guarantee
- Strong Traffic Counts & Visibility
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 3 Old Farm Rd, Danville, IN 46122. The site consists of roughly 2,501 rentable square feet of building space on an estimated 0.73-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which commenced 6/1/2025. The current annual rent is $78,293 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,501 SF
Building Class
C
Year Built
1978
Price
$1,159,891
Price Per SF
$463.77
Cap Rate
6.75%
NOI
$78,293
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.73 AC
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 32-11-02-386-003.000-003 | Improvements Assessment | $248,900 |
| Land Assessment | $219,000 | Total Assessment | $467,900 |
PROPERTY TAXES
Parcel Number
32-11-02-386-003.000-003
Land Assessment
$219,000
Improvements Assessment
$248,900
Total Assessment
$467,900
CONTACTS
-
Glen Kunofsky -
Kyle Karsian -
Patrick Finn -
Walker Stevens -
Christopher Marks -
Surmount
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Pizza Hut | 3 Old Farm Rd
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