Pizza Hut
3,012 SF | Retail Building | Orlando, FL 32819 | $4,450,000 ($1,477/SF) | 5.10% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,450,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 3,012 SF
- Price / Square Foot
- $1,477
Listing Contacts
John Krzyminski
Verified Profile
Max Krzyminski
Verified Profile
- Property Info
Property Overview
- Pizza Hut has been a long-term tenant in the space for 47 years and is currently undergoing a renovation at tenants cost and expense! The Property has a new 10-year triple net (NNN) lease term extension beginning June 2024 with favorable annual rent increases, two option periods, and no Landlord responsibilities.
- Pizza Hut is guaranteed by CFL Pizza, LLC (Tenant), or Celebration Restaurant Group, a franchisee which owns 102 Pizza Huts throughout Central Florida, showing strong commitment to the local region.
- Strategically positioned along International Drive (25,000 VPD), the Property benefits from having more than 128 total feet of superior frontage.
- Enjoying an irresistible location in the heart of the world-renowned tourist hotspot, more than 6,100 hotel rooms surround the Properties within only a half-mile radius. Attraction for the area has helped rank Pizza Hut in the top-10th percentile in most annual visitors among its U.S. chain locations.
- Within a 3-mile radius of the Properties, the residential population has grown 8.81% just since 2020 and is projected to grow another 8.12% over the next 5 years. The area also currently boasts an average household income of $109,551.
- Pizza Hut is guaranteed by CFL Pizza, LLC (Tenant), or Celebration Restaurant Group, a franchisee which owns 102 Pizza Huts throughout Central Florida, showing strong commitment to the local region.
- Strategically positioned along International Drive (25,000 VPD), the Property benefits from having more than 128 total feet of superior frontage.
- Enjoying an irresistible location in the heart of the world-renowned tourist hotspot, more than 6,100 hotel rooms surround the Properties within only a half-mile radius. Attraction for the area has helped rank Pizza Hut in the top-10th percentile in most annual visitors among its U.S. chain locations.
- Within a 3-mile radius of the Properties, the residential population has grown 8.81% just since 2020 and is projected to grow another 8.12% over the next 5 years. The area also currently boasts an average household income of $109,551.
Property Details
- Class
- B
- Year Built/Renovated
- 1978/2024
- Stories
- 1
- Lot Size (sq. ft)
- 31,363 SF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].