Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Building Area
Land Area
Number of units 1

Property Description

For sale is a freestanding Pizza Hut property, located in Tomahawk, Wisconsin. PH Hospitality Group is a franchisee for Applebee’s and Pizza Hut locations throughout Wisconsin, offering family dining and pizza for over 21 years. The property is strategically located on North 4th Street (10,700 VPD), a retail thoroughfare that features tenants such as Verizon, Chevrolet and Ace Hardware. PH Hospitality Group leases the property until December 31, 2024 but the tenant has closed operations. Investors can hold the property until the end of the lease earning a 7.1% cap rate then redevelop it for a new user. They can also negotiate a possible lease termination and use the funds to immediately redevelop the property.

Investment Highlights

• Fee simple interest

• Lease term of 4.9 years remaining offering a secure income stream 

• Absolute NNN lease with zero landlord responsibilities

• Strategically located, offering excellent visibility

• Excellent redevelopment opportunity with rental cash flow

Last Updated Date: 30 Jul 2020
Pierce Owens
Pierce Owens
Senior Vice President
License details
TX - 510337
Donna Kolius
Donna Kolius, CCIM
Executive Vice President
License details
TX - 309164

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Last Updated Date: 30 Jul 2020

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