5180 Dickenson Hwy - Restaurant FOR SALE


Clintwood, VA 24228
$1,220,000 USD
470-344-2586
5180 Dickenson Hwy, Clintwood, VA for Sale
$1,220,000 USD
Restaurant - FOR SALE
1/11
null | 6.15% Cap Rate

5180 Dickenson Hwy
Clintwood, VA 24228


HIGHLIGHTS

  • New 17-Year Lease | Tasty Hut, LLC - Strong Operator | Annual Rental Increases | Options to Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Along Dickenson Hwy | Dickenson Community Hospital | Strong National/Credit Tenant Presence | Nearby School
  • Strong Demographics in 5-mile Trade Area

OVERVIEW

• The tenant, Tasty Hut, LLC, has entered into a brand new 17 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site • Tasty Restaurant Group, LLC is an experienced QSR franchisee with over 450 restaurants strong across 23 states operating under six iconic brands: Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken and Taco Bell brands • The lease features annual rental increases of 1.50% throughout initial term and option periods, generating NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$1,220,000 USD

PRICE/SF

$419 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut - Clintwood VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

GC

APN/PARCEL ID

890

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.