Pizza Hut – Blountstown, FL

$665,091
Price
$46,556.40
Noi
7.00%
Cap Rate
2,988
Leasable Area
1985
Year Built

Fortis Net Lease is pleased to present this 2,988 SF Pizza Hut located in Blountstown, Florida. The property offers an Absolute NNN Lease, leaving zero landlord responsibilities. Pizza Hut recently exercised their 3rd option to extend the lease for an additional 5 years, proving their commitment to this location. The lease is guaranteed by Hut American Group, which is part of The Flynn Restaurant Group. The store is currently open and has been operating successfully for the past 20 years.

This Pizza Hut is highly visible as it is strategically positioned on W. Central Avenue which sees 12,688 cars per day. The ten mile population from the site is 15,130 while the three mile average household income is $45,840 per year, making this location ideal for a Pizza Hut. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Pizza Hut. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant. List price reflects an 7.00% cap rate based on NOI of $46,556.40.

INVESTMENT HIGHLIGHTS
• Absolute (NNN) Lease | Zero Landlord Responsibilities
• 20+ Years of Success at This Location
• Three Mile Household Income $45,840
• Ten Mile Population 15,130
• 12,688 Cars Per Day on Central Avenue
• Strong Franchise Guarantee (Hut American Group – part of the Flynn Restaurant Group)
• Surrounded by National Tenants
• Note: The time change boundary line is within a ½ mile of this location. For example – when you cross the river just east of the site, if the time is 1 pm there, at this store it is 12 pm. Bonus: Two different lunch times for customers.

Instate Broker of Record: Michael Orden | Naples RE Consultants | FL LICENSE #BK3224663

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

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