For Sale
$1,854,000

832 Chester StGastonia, NC 28052

High-Yield Pizza Hut Investment, NC

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a Pizza Hut restaurant located at 832 S Chester St, Gastonia, NC 28052. The property boasts a strong location directly off Highway 321 within the Charlotte MSA, benefiting from high visibility and traffic counts. Built in 2001, this single-story, 2,357 square foot building sits on a 0.82-acre lot and is situated near a signalized hard corner intersection. The property is currently under a single-tenant, absolute NNN lease with a national franchisee (Pizza Hut), offering significant stability and minimal landlord responsibilities. The lease features 9.4 years remaining and includes annual rent bumps of 1.25%, ensuring consistent income growth. The asking price is $1,854,000, representing a price per square foot of $786.59 and a compelling 6.25% cap rate based on a current Net Operating Income (NOI) of $115,899. This investment offers a rare opportunity to acquire a well-performing, nationally branded retail property in a prime location with significant long-term growth potential. The property's strong location within a corridor featuring big-box national credit tenants further enhances its investment appeal. This is a turnkey investment ideal for passive income seekers.

Highlights

  • Fee-simple ownership of a Pizza Hut in the Charlotte MSA.
  • Located directly off Highway 321 with high visibility and traffic.
  • Situated near a signalized intersection on a 0.82-acre lot.
  • Strong location within a corridor featuring big-box national credit tenants.

Property Details for 832 Chester St

Property type
Retail properties, Restaurants
Square Feet
2,357 SF
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
35,719 SF

Location Insight

City
Gastonia
County
Gaston
State
North Carolina
Latitude
35.2513736
Longitude
-81.1898869
832 Chester St, Gastonia, North Carolina

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832 Chester St
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