For Sale
$1,198,626

1295 7Th St Reno, NV 89503

High-yield Pizza Hut investment. 8 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
138
This fee-simple retail property offers a compelling investment opportunity. The 1,326 square foot Pizza Hut is located at 1295 W 7th St, Reno, NV 89503, on a 0.35-acre lot. Built in 1967 and renovated in 1972, the property is currently 100% occupied under a 15-year triple-net (NNN) lease with a franchisee tenant. The lease commenced November 26, 2017, and expires November 29, 2032, leaving over eight years remaining. The current annual net operating income (NOI) is $68,921, representing a 5.75% cap rate on the $1,198,626 asking price. The lease includes annual rent increases of 2.00%, providing consistent income growth. This is a tax-advantaged investment in Nevada, a state with no state income tax and low property taxes. The property presents a strong, passive income stream with significant lease term remaining and built-in rent escalations. This is a single-tenant, absolute NNN lease, meaning the landlord has no responsibility for property expenses.

Highlights

  • Absolute Triple-Net (NNN) Lease with over 8 years remaining.
  • 2.00% annual rent increases built into the lease.
  • Nevada location offers tax advantages with no state income tax and low property taxes.

Property Details for 1295 7Th St

Property type
Retail properties
Square Feet
1,326 SF
Year Built/Renovated
1967/1972
Lot Size (sq. ft)
15,246 SF

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.5310016
Longitude
-119.8333925

FAQs

What type of property is this?
Retail property - High-yield Pizza Hut investment. 8 years remaining.
Where is the retail property located?
The property is located at 1295 7Th St Reno, NV.
What is the asking price?
The asking price for this property is $1,198,626.
What are key features of this property?
This property features: Absolute Triple-Net (NNN) Lease with over 8 years remaining.; 2.00% annual rent increases built into the lease.; Nevada location offers tax advantages with no state income tax and low property taxes.
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.
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1295 7Th St
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