3250 Main St Richmond, IN 47374
High-performing Pizza Hut, strong lease terms.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Fee-simple ownership of a Pizza Hut restaurant in a prime Richmond, IN retail corridor.
- Absolute NNN lease with 17.3 years remaining (expires 2/28/2042), including six 5-year renewal options and 1.75% annual rent increases starting year seven.
- Strong operating history (11+ years); top-performing Pizza Hut franchisee (120+ units) provides financial stability.
- 1,084 SF building on a 0.32-acre lot, built in 2012; $1,666,667 sale price ($1,537.52/SF), 6.00% cap rate, $100,000 NOI.
- 100% occupancy since 8/1/2012.
Property Details for 3250 Main St
- Property type
- Retail properties, Restaurants
- Square Feet
- 1,084 SF
- Year Built
- 2012
- Lot Size (sq. ft)
- 13,939 SF
Location Insight
- City
- Richmond
- County
- Wayne
- State
- Indiana
- Latitude
- 39.830851075857
- Longitude
- -84.857268653552
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-performing Pizza Hut, strong lease terms.
- Where is the retail property located?
- The property is located at 3250 Main St Richmond, IN.
- What is the asking price?
- The asking price for this property is $1,666,667.
- What are key features of this property?
- This property features: Fee-simple ownership of a Pizza Hut restaurant in a prime Richmond, IN retail corridor.; Absolute NNN lease with 17.3 years remaining (expires 2/28/2042), including six 5-year renewal options and 1.75% annual rent increases starting year seven.; Strong operating history (11+ years); top-performing Pizza Hut franchisee (120+ units) provides financial stability.
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