Tenant: Pizza Hut Premises: 2100 SF Renewal Options: 4 x (5) Yr
Lease Expiration: 15 Yrs from COE Lease Type: Absolute NNN Rental Increases: 7.5% Every 5 Yrs
Brand New 15 Year Absolute NNN Lease with 7.5% Increases Every 5 Years
Recently Renovated with Tenant Spending Close to $600k – Series 39 Remodel
Located in a Dense Retail Environment with Many National Retailers Such As: Kroger, CVS, Rite Aid, McDonald’s, Checkers, Burger King, Family Dollar, Taco Bell, Dairy Queen, Krystal and Captain D’s
Excellent Exposure with 18,000 Vehicles Per Day Along W. Main Street and 13,000 VPD Along East Avenue
In Cooperation with Sands Investment Group Atlanta, LLC Lic # H-67374
Pizza Hut is an American restaurant chain and international franchise, known for its Italian-American cuisine menu including pizza and pasta, as well as side dishes and desserts. The company has over 16,000 restaurants in more than 100 countries and is a subsidiary of Yum! Brands, Inc.
Pizza Hut was founded in June 1958 by two Wichita State University students, brothers Dan and Frank Carney, as a single location in Wichita, Kansas. The company announced a rebrand that began on November 19, 2014. The rebrand was an effort to increase sales. The menu was expanded to introduce various items such as crust flavors and eleven new specialty pies. Pizza Hut is split into several different restaurant formats; the original family-style dine-in locations; store front delivery and carry-out locations; and hybrid locations that have carry-out, delivery, and dine-in options. Some full-size Pizza Hut locations have a lunch buffet, with “all-you-can-eat” pizza, salad, bread sticks, and a pasta bar.
Pizza Hut also is the proprietor of the BOOK IT!® Program, which is a long-standing children’s literacy program used in more than 630,000 classrooms nationwide.