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- LoopNet Team
514 Columbia Ave
Lexington, SC 29072
Pizza Hut · Retail Property For Sale
Property Facts
Amenities
- Pylon Sign
About 514 COLUMBIA AVE , LEXINGTON, SC 29072
Fortis Net Lease is pleased to present a brand new free-standing Pizza Hut located at 514 Columbia Ave. in Lexington, SC. The tenant, Southeast Restaurants Corp. will sign a a brand new 15 Year lease which will expire in 2035. The absolute NNN lease will require zero landlord responsibilities and the entire 43 unit entity is responsible for the lease. The lease also features 7.5% rent increases every 5 years to hedge against inflation. These rent escalations are also included in the three, five year option periods. This is an ideal opportunity for an investor to purchase a passive income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance and capital expenditures including the roof, structure & HVAC.
Property Taxes
| Parcel Number | 004322-04-011 | Improvements Assessment | $30,155 |
| Land Assessment | $14,846 | Total Assessment | $45,001 |
Property Taxes
