Pizza Hut NNN Property For Sale — Burlington, NC
2405 N Church Street, Burlington, NC 27217
This absolute NNN Pizza Hut offers an investor a stable income stream with over 7 years remaining on the primary lease term. The lease features rare 1% annual rent increases, providing a hedge against inflation. This offering includes four 5-year options to extend. The lease is guaranteed by Muy Pizza Southeast, LLC, a strong operator and the second-largest franchisee in the Yum Brands System with over 510 units. The property benefits from excellent visibility and exposure along Burlington's main east/west thoroughfare, enhanced by large monument signage visible from Church Street.
- Address: 2405 N Church Street, Burlington, NC 27217
- Asking price $564,000
- 7.00% cap rate
- NOI $39,480
- 7 years remaining
- NNN lease
- Building size: 2,162 SF
- Lot size: 1.29 acres
- Rent increases: Rare 1% annual increases offer an investor a hedge against inflation
- Guarantor: Corporate
Location
This Pizza Hut property is at 2405 N Church Street in Burlington, North Carolina.
Asset type: Retail - Free Standing