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.
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