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Pizza Hut, with a 20 year lease, Mason City, IA

GBP 1,123,667
For Sale

This is an excellent opportunity to purchase an investment property for $1,455,000 at 5.50% cap rate, with a 20 year lease. This lease includes 10% rent increases every 5 years and in the four 5-year options. $YUM Companies is the 5th largest franchise in America, operating 754 restaurants in Minnesota.

  • New 20 year lease with 10% increases every 5 years.
  • Located in the heart of Mason City retail trade area with excellent visibility on Highway 18.
  • Large oversized land parcel of approximately .66 acres with plentiful parking.
  • Traffic counts exceeding 26,000 cars per day on Highway 18 with favorable traffic patterns.
  • The Tenant is MUY Pizza Minnesota LLC who oper-ates 59 Pizza Hut Restaurants in Minnesota and is part of MUY Companies who operates 754 restau-rants nationally and is the 5th largest restaurant franchise in America.
  • Excellent demographics with a 5-mile population of 28,948 and an average household income over $65,000.
  • Located just west of central Mason City this property is located only a mile away from the MercyOne North Iowa Medical Center which is the largest care system in Iowa with locations in 14 counties across northern Iowa.

Disclaimers: Information provided here for illustration purposes only and may be subject to change from time to time. Prices shown here always will be the prices to pay in local currency. Please contact the agent to be certain for pricing, specification, viewing, booking and reservation process and for any other queries you may have. Any viewings are strictly subject to the due process and pre-orgasined with the agent only. All purchases are subject to a sourcing fee, payable to The BBPEstates Global, as mutually agreed, unless otherwise stated within the description area.  BBPEstates may not be the exclusive agent and this can be sourced from one of its various channels, please inquire for further details.

Country: United States
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Property Id : 22809
Price: GBP 1,123,667
Property Size: 2.00 ft2
Fire & Safety Complaint
Fitted Kitchen
Fitted Security
Garage/Parking Lot
walkscore54 / Somewhat Walkable more details here

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