5004 NW 34th Blvd
Gainesville, FL 32605
Pizza Hut · Retail Property For Sale

Marcus & Millichap is pleased to offer the opportunity to acquire Pizza Hut located at 5004 Northwest 34th Blvd, Gainesville, Florida 32605. The subject property consists of 1,352 square-feet on 0.39 acres of land. This is a long-term, well-established location, offering a 15-year, triple net lease with no landlord responsibilities. There are more than seven years remaining on the lease. The offering provides three, five-year renewal options with 10 percent rental increases every five years throughout the base term and option periods. The franchisee, CFL Pizza, LLC, operates 133 Pizza Hut restaurants in central Florida, including metro Orlando, Ocala Brevard and Volusia counties, Gainesville, as well as metro Cincinnati, including nearby Indiana and Kentucky. CFL Pizza, LLC is a strong operator with 133 Pizza Hut restaurants in central Florida, including metro Orlando, Ocala Brevard and Volusia counties, Gainesville, as well as metro Cincinnati, including nearby Indiana and Kentucky. Located in Gainesville, the property offers attractive demographics. The property is four miles from the University of Florida which was ranked as the ninth best public university in the United States by U.S. News & World Report in 2018. The region is home to the state’s greatest concentration of 18-44-year old’s along with the highest number of individuals with advanced degrees, making the metro Florida’s youngest and most educated area.