Pizza Hut NNN Property For Sale — Sterling, CO
224 W. Main Street, Sterling, CO 80751
This Pizza Hut property offers investors a secure, long-term absolute net (NNN) sale-leaseback opportunity. The tenant is responsible for all real estate taxes, insurance, and property maintenance, ensuring zero landlord responsibilities. The lease is backed by GMRG ACQ 1, LLC, a substantial franchisee operating over 148 Pizza Hut units. The lease features attractive 1.25% annual rental increases, providing compounding rent growth and a strong hedge against inflation. Pizza Hut is a globally recognized brand with over 16,000 restaurants worldwide, making it the largest pizza company globally. The property recently underwent a significant remodel in 2017, demonstrating the tenant's long-term commitment to the location. Strategically situated on West Main Street, the property benefits from…
- Address: 224 W. Main Street, Sterling, CO 80751
- Asking price $1.31M
- 6.00% cap rate
- NOI $78,751
- 17.3 years remaining
- NNN lease
- Year built: 2017
- Building size: 4,868 SF
- Lot size: 0.60 acres
- Lease expiration: Dec 31, 2043
- Rent increases: Year 1: $78,751.00; Year 2: $79,735.39; Year 3: $80,732.08; Year 4: $81,741.23; …
- Guarantor: Corporate
Location
This Pizza Hut property is at 224 W. Main Street in Sterling, Colorado.
Asset type: QSR