2025 Westside BlvdNewton, NC 28658

Property Details for 2025 Westside Blvd

Year built

1975

Lot size

0.59 AC

Property size (Sq ft)

2,576 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a Pizza Hut restaurant located at 2025 N Westside Blvd, Newton, NC 28658. The property boasts a 2,576 square foot building situated on a 0.59-acre lot, constructed in 1975. Currently operating under an absolute NNN lease with a franchisee tenant, this single-tenant property offers a strong, passive income stream. The lease features 9.4 years remaining, with attractive 1.25% annual rent bumps, ensuring consistent growth in rental income. The asking price is $1,184,000, representing a compelling $459.63 per square foot and a 6.25% cap rate based on a current Net Operating Income (NOI) of $73,998. The property benefits from a highly visible location on a hard corner intersection, directly across from a Walmart and in close proximity to Interstate 40, ensuring high traffic and excellent visibility within a dense retail corridor. This is a rare opportunity to acquire a stable, high-performing net lease property with significant upside potential. The property consists of a single, one-story building.

Location Insight

City

Newton

County

Catawba

State

North Carolina

Latitude

35.6599

Longitude

-81.2662

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