Pizza Hut | Herndon, VA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,561 SF Pizza Hut Absolute NNN Asset Located at 1061 Elden Street in Herndon, VA. This Deal Includes a Long-Term 20-Year Absolute NNN Lease With No Landlord Responsibilities, Offering Investors True Passive Income, Providing For a Secured Investment.
20-Year Absolute NNN | Scheduled Rent Increases & Options | Experienced Operator:
- Strong 211+ 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: This Location Operates Under the Pizza Hut Brand, With TRG Managing 211 Pizza Hut Locations Across 12 States; the Backing From Tasty Restaurant Group and the Pizza Hut Brand Provides Unparalleled Stability and Reinforces the Strength of This Investment
- Rent Increases & Options: The Lease Features 1.5% Annual Rental Increases Throughout the Initial Term and in the Option Periods, Steadily Increasing NOI and Hedging Against Inflation
Located in Suburban Washington DC | Surrounded By Multiple Major Economic Drivers
- Prime Herndon, VA Location: This Location Benefits From a High-Traffic Count With Over 37,000 Vehicles Passing Daily; The Property Has Been a Community Mainstay For Over 20 Years, Consistently Delivering Strong Sales and Reinforcing Its Value as a Dependable Investment
- Proximity to Major Economic Drivers: The Property is Strategically Located Near Dulles International Airport, a Key Economic Driver For the Region, Which Sees More Than 24 Million Travelers Per Year; Additionally. the Area is Home to Major Employers in the Dulles Technology Corridor, Further Enhancing the Property’s Attractiveness and Ensuring a Steady Flow of Business
- Robust Retail Environment: The Location is Surrounded By a Dynamic Mix of National and Regional Retailers, Including Safeway, Starbucks, Target, and Walgreens, Driving Significant Foot Traffic to the Area; This Prime Retail Corridor Ensures Sustained Visibility and Customer Engagement
Strong Demographics | Affluent Population | Proven Market Performance
- Affluent and Growing Trade Area: The Herndon Area Boasts a High Average Household Income Exceeding $181,000 Within a 3-Mile Radius, Coupled With a Dense Population, Supporting a Robust Local Economy: These Strong Demographics are Indicative of Sustained Demand and Long- Term Stability For the Tenant
- Established Success and Community Presence: With More Than Two Decades of Operation at This Site, This Pizza Hut Has Become a Trusted and Recognized Establishment Within the Community
In Cooperation With Sands Investment Group, Inc Lic. # BoR: Tom Gorman – Lic. VA #0225269275
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