Pizza Hut
Cut Bank, MT
Key Details
| Price: | $1,386,033 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $83,162 |
| Address: | 609 West Main Street, Cut Bank, Montana 59427 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 2/1/2019 |
| Lease Expiration: | 1/31/2039 |
| Lease Term Remaining: | 14 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.68 Acres |
| Building Size: | 3,334 SF |
| Year Built: | 1984 |
| Year Renovated: | 1990 |
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 609 West Main Street, Cut Bank, Montana 59427. The site consists of roughly 3334 rentable square feet of building space on an estimated 0.68-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which commenced 2/1/2019. The current annual rent is $83,162 and has scheduled increases of 1.50% Annually.
About the Investment
- Absolute Triple-Net Lease | This property is subject to an absolute triple-net lease with zero landlord responsibilities. Providing the landlord with a truly passive income stream.
- Attractive Rental Increases | 1.50% annual rental increases to hedge against inflation.
- Large Guarantee From a Proven Operator | Grand Mere Restaurant Group is backing the lease. GMRG operates 145+ Pizza Hut locations across nine different states.
- Strong Retail Corridor | The surrounding retail corridor contains national and local tenants such as, McDonald’s, Albertson’s, Family Dollar, Napa Auto Parts, Exxon, and more.
- Excellent Unit Level Financials | The subject property boasts exceptional unit level sales. Contact listing agent for exact revenue numbers.
- Logan Health - Cut Bank | Logan Health is a 20-bed critical access hospital located in the center of Cutbank, MT.
Key Details
| Price: | $1,386,033 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $83,162 |
| Address: | 609 West Main Street, Cut Bank, Montana 59427 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 2/1/2019 |
| Lease Expiration: | 1/31/2039 |
| Lease Term Remaining: | 14 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.68 Acres |
| Building Size: | 3,334 SF |
| Year Built: | 1984 |
| Year Renovated: | 1990 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Christopher Urban
curban@nnnpro.com
License: NY: 10401294011
Brendan Murphy
bmurphy@nnnpro.com
License: NY: 10401389060
Broker of Record
Brian Brockman
Bang Realty, Inc
License: RRE-BRO-LIC71129
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.