Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,338 SF Pizza Hut Absolute NNN Asset Located at 354 Broadway in Fort Edward, NY. This Deal Includes a 19-Year Absolute NNN Lease, Passive Income, an Experienced Operator and the Lease Features 1.5% Annual Rental Increases, Starting in Year 5, Throughout the Initial Term and in the Option Periods, Steadily Increasing NOI and Hedging Against Inflation, Providing For a Secured Investment.
19-Year Absolute NNN Lease | Passive Income | Experienced Operator:
- Strong 54-Unit Corporate Guarantee From Tasty Hut, LLC: a Subsidiary of Tasty Restaurant Group (TRG), a Premier Franchise Operator Managing Over 400 Restaurants Across Top-Tier Brands, Including Pizza Hut, Burger King, Dunkin’ and Taco Bell; TRG is an Affiliate of Triton Pacific Capital Partners
- Brand Strength: Operating Under the Globally Recognized Pizza Hut brand. This Location Benefits From TRG’s Extensive Experience and Market Presence: With 211 Pizza Hut Locations Under Their Management, the Combined Strength of Tasty Restaurant Group and Pizza Hut Provides Unparalleled Stability. Making This an Attractive and Secure Investment
- Rent Increases & Options: The Lease Features 1.5% Annual Rental Increases Starting in Year 5 and Throughout the Initial Term and in the Option Periods, Steadily Increasing NOI and Hedging Against Inflation
Strategically Located in a Vibrant Area | Surrounded By Key Economic Drivers:
- Prime Fort Edward, NY Location: This Pizza Hut is Strategically Positioned on Broadway in Fort Edward, a High-Traffic Area That Ensures Consistent Customer Flow; the Property Has Been a Community Staple For Over 20 Years, Delivering Strong Sales and Reinforcing Its Value as a Dependable Investment
- Proximity to Major Economic Drivers: the Property is Located Near Significant Local Economic Drivers, Including the Owens Corning Plant and General Electric, Which Contribute to a Stable and Robust Customer Base; Additionally, the Property Benefits From Its Proximity to Key Community Hubs and Local Schools, Enhancing Its Visibility and Accessibility
- Robust Retail Environment: the Location is Surrounded By a Mix of National and Regional Retailers, Including Hannaford Supermarket, Walgreens, and Dollar General, Driving Substantial Foot Traffic to the Area: This Established Retail Corridor Ensures Sustained Visibility and Customer Engagement
Strong Demographics | Proven Market Performance:
- Supportive and Growing Trade Area: The Fort Edward Area Boasts a Population of Over 25,000 Residents Within a 3-Mile Radius, With an Average Household Income of Approximately $65,000; These Strong Demographics are Indicative of Long-term Demand and Stability For the Tenant
- Established Success and Community Presence: With More Than Two Decades of Operation at this Location, This Pizza Hut Has Become a Trusted and Recognized Establishment Within the Fort Edward Community
In Cooperation With SIG RE Services NY LLC – Lic. #10991233211 BOR: Andrew Ackerman – Lic. NY #10491210161
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