Pizza Hut NNN Property For Sale — Reisterstown, MD
10 W. Chestnut Hill Lane, Reisterstown, MD 21136
This newly offered Pizza Hut is part of an 18-unit sale leaseback portfolio, featuring 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 location boasts a long history of strong performance since its opening in 1992, making it a well-established and seasoned asset. The lease is further strengthened by a substantial 200+ unit franchisee, Quality Huts, LLC, the 5th largest Pizza Hut franchisee in the U.S. with over $145 million in annual revenues. The tenant is committed to remodeling the site by 2022, which will include both interior and exterior updates. Investors will benefit from annual rental increases of 1.25%, offering compounding rent growth and a he…
- Address: 10 W. Chestnut Hill Lane, Reisterstown, MD 21136
- Asking price $1.33M
- 6.00% cap rate
- NOI $79,801
- 20 years remaining
- NNN lease
- Year built: 1970
- Building size: 2,649 SF
- Lot size: 0.34 acres
- Rent increases: Year 1: $79,801.00; Year 2: $80,798.51; Year 3: $81,808.49; Year 4: $82,831.10; …
- Guarantor: Corporate
Location
This Pizza Hut property is at 10 W. Chestnut Hill Lane in Reisterstown, Maryland.
Asset type: QSR