996 200Roosevelt, UT 84066

Property Details for 996 200

Year built

1983

Lot size

0.79 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located in Roosevelt, Utah. The property boasts a prime location directly off U.S. Highway 191 at a hard corner intersection, ensuring excellent visibility and accessibility for customers. Built in 1983, this 0.79-acre property features a single-story building with a 100% occupancy rate. The current lease with Pizza Hut has a remaining term of 14.7 years, providing long-term stability and predictable cash flow. The lease includes annual rent bumps of 1.50%, offering protection against inflation. The property generates a substantial net operating income (NOI) of $97,200, resulting in an attractive 7.00% cap rate. This makes it an ideal addition to any diversified real estate portfolio seeking strong returns and minimal management responsibilities. The property's strategic location within a thriving retail corridor and its association with a nationally recognized brand like Pizza Hut contribute to its exceptional investment potential. The asking price for this lucrative opportunity is $1,388,605. This is a rare chance to acquire a well-established, high-performing commercial property in a desirable location. The property's strong fundamentals and long-term lease make it a compelling investment for discerning buyers.

Location Insight

City

Roosevelt

County

Duchesne

State

Utah

Latitude

40.3019

Longitude

-109.977

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