Investment Highlights
- Long-Term, Well-Established Pizza Hut Location
- 15-Year, Triple Net Lease with No Landlord Responsibilities
- Three, Five-Year Renewal Options with 10 Percent Rental Increases Every Five Years
- Franchisee Operates 133 Pizza Hut Locations Throughout Central Florida, Ohio, Indiana and Kentucky
Investment Overview
The Pizza Hut located at 5004 N.W. 34th Street in Gainesville is a long-term, well-established location, which has a 15-year, triple net lease with no landlord responsibilities. There are more than seven years remaining on the lease. There are three, five-year renewal options with 10 percent rental increases every five years throughout the base term and option periods.
The franchisee, CFL Pizza, LLC, operates 133 Pizza Hut restaurants in central Florida, including metro Orlando, Ocala Brevard and Volusia counties, Gainesville, as well as metro Cincinnati, including nearby Indiana and Kentucky.
