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Pizza Hut 777 Manor St 3,054 SF Retail Building Lancaster, PA 17603 $990,082 ($324.19/SF) 6% Cap Rate
Investment Highlights
- Strong Unit-Level Performance
- Long-Term Operating History
- Franchisee-Guaranteed Lease
- Established Neighborhood Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Pizza Hut sale-leaseback located at 777 Manor Street, Lancaster, PA 1 7603. The site consists of roughly 3,054 rentable square feet of building space on an estimated .31 -acre parcel of land. Pizza Hut is subject to a 20 -year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $59,405 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
3,054 SF
Year Built/Renovated
1952/2020
Price
$990,082
Price Per SF
$324.19
Cap Rate
6%
NOI
$59,405
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.31 AC
Zoning
C2
Walk Score®
Very Walkable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | 338-02483-0-0000 | Improvements Assessment | $266,000 |
| Land Assessment | $66,600 | Total Assessment | $332,600 |
Property Taxes
Parcel Number
338-02483-0-0000
Land Assessment
$66,600
Improvements Assessment
$266,000
Total Assessment
$332,600
Contacts
-
Francis Purritano -
Joseph Kelly -
Alexandre Marietto -
Glen Kunofsky -
Christopher Marks -
Surmount
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Photos
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Pizza Hut | 777 Manor St
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