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Pizza Hut 6825 Pines Rd 1,700 SF Retail Building Shreveport, LA 71129 $1,220,472 ($717.92/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Across the Street from The Home Depot | Dense Retail Corridor
- Robust Guarantee from Growing Franchisee
- High Traffic Counts on Strong Throughway
- Absolute NNN Sale-Leaseback with Annual Rental Increases
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 6825 Pines Rd, Shreveport, LA 71129. The site consists of roughly 1,700 rentable square feet of building space on an estimated 0.66-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $77,500 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,700 SF
Building Class
C
Year Built
2022
Price
$1,220,472
Price Per SF
$717.92
Cap Rate
6.35%
NOI
$77,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.67 AC
Opportunity Zone
Yes
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 171524-074-0001-00 | Improvements Assessment | $0 |
| Land Assessment | $30,369 | Total Assessment | $30,369 |
PROPERTY TAXES
Parcel Number
171524-074-0001-00
Land Assessment
$30,369
Improvements Assessment
$0
Total Assessment
$30,369
CONTACTS
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Robert Stein -
John McHugh -
Christopher Marks -
Surmount
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Pizza Hut | 6825 Pines Rd
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