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|Last Updated Date||26 Jun 2020|
For sale is a freestanding Pizza Hut property, located in Waupaca, 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 along West Fulton Street (13,100 VPD), a retail thoroughfare that features tenants such as Aldi, K-Mart, Pick ‘N Save, Verizon and Chevrolet. 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 an 8.8% cap rate then redevelop it for a new user. They can also negotiate a lease termination and use the funds to immediately redevelop the property.
• 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