Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1991
Building Area
Land Area
Number of units 1

Property Description

For sale is a freestanding Pizza Hut property, located in Waupaca, Wisconsin. PH Hospitality Group is a franchisee for Applebee’s and Pizza Hut locations throughout Wisconsin, offering family dining and pizza for over 21 years. The property is strategically located along West Fulton Street (13,100 VPD), a retail thoroughfare that features tenants such as Aldi, K-Mart, Pick ‘N Save, Verizon and Chevrolet. PH Hospitality Group leases the property until December 31, 2024 but the tenant has closed operations. Investors can hold the property until the end of the lease earning an 8.8% cap rate then redevelop it for a new user. They can also negotiate a lease termination and use the funds to immediately redevelop the property.

Investment Highlights

• Fee simple interest

• Lease term of 4.9 years remaining offering a secure income stream 

• Absolute NNN lease with zero landlord responsibilities

• Strategically located, offering excellent visibility

• Excellent redevelopment opportunity with rental cash flow 

Last Updated Date: 30 Jul 2020
Pierce Owens
Pierce Owens
Senior Vice President
License details
TX - 510337
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 30 Jul 2020

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