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Pizza Hut - Clintwood VA 5180 Dickenson Hwy 2,912 SF Retail Building Clintwood, VA 24228 $1,000,000 ($343.41/SF) 7.50% Cap Rate
Investment Highlights
- New 17-Year Lease | Tasty Hut, LLC - Strong Operator | Annual Rental Increases | Options to Extend
- Located Along Dickenson Hwy | Dickenson Community Hospital | Strong National/Credit Tenant Presence | Nearby School
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-mile Trade Area
Executive Summary
• The tenant, Tasty Hut, LLC, has entered into a brand new 17 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• Tasty Restaurant Group, LLC is an experienced QSR franchisee with over 450 restaurants strong across 23 states operating under six iconic brands: Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken and Taco Bell brands
• The lease features annual rental increases of 1.50% throughout initial term and option periods, generating NOI and hedging against inflation
• Tasty Restaurant Group, LLC is an experienced QSR franchisee with over 450 restaurants strong across 23 states operating under six iconic brands: Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken and Taco Bell brands
• The lease features annual rental increases of 1.50% throughout initial term and option periods, generating NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,912 SF
Building Class
C
Year Built
1978
Price
$1,000,000
Price Per SF
$343.41
Cap Rate
7.50%
NOI
$75,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.73 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
27 Spaces (9.26 Spaces per 1,000 SF Leased)
Frontage
120’ on Dickenson Hwy
Amenities
- Pylon Sign
- Restaurant
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 890 | Improvements Assessment | $365,700 |
| Land Assessment | $109,500 | Total Assessment | $475,200 |
Property Taxes
Parcel Number
890
Land Assessment
$109,500
Improvements Assessment
$365,700
Total Assessment
$475,200
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Pizza Hut - Clintwood VA | 5180 Dickenson Hwy
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