Pizza Hut NNN Property For Sale — Ellicott City, MD
10120 Baltimore National Pike, Ellicott City, MD 21043
This Pizza Hut property, part of a 14-unit sale leaseback portfolio, offers a compelling investment opportunity under a brand new, 20-year Absolute Triple-Net (NNN) lease. The tenant is responsible for all real estate taxes, insurance, and property maintenance, providing a truly passive investment. The site has a long history of strong performance since opening in 1986, demonstrating its well-established presence. The lease is backed by Quality Huts, LLC, the 5th largest Pizza Hut franchisee in the U.S. with over 200 units. The franchisee is committed to remodeling the site by 2022, which will enhance its appeal and likely include interior and exterior updates. The lease also features attractive 1.25% annual rental increases, offering compounding rent growth and a strong hedge against inf…
- Address: 10120 Baltimore National Pike, Ellicott City, MD 21043
- Asking price $1.71M
- 5.75% cap rate
- NOI $98,208
- 20 years remaining
- NNN lease
- Year built: 1986
- Building size: 3,927 SF
- Lot size: 0.80 acres
- Rent increases: Year 1: $98,208.00; Year 2: $99,435.60; Year 3: $100,678.55; Year 4: $101,937.03; …
- Guarantor: Corporate
Location
This Pizza Hut property is at 10120 Baltimore National Pike in Ellicott City, Maryland.
Asset type: QSR