Pizza Hut - Libby, MT_Property for Sale
Pizza Hut - Libby, MT_Property for Sale
903 California Ave, Libby, MT, 59923, US

Pizza Hut - Libby, MT

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 3,746 square foot freestanding, single-tenant Pizza Hut located at 903 California Avenue in Libby, Montana (“Property” or “Asset”). GMRG ACQ1, LLC (“Tenant”) has ±14.1 years of primary lease term remaining with 1.50% annual rent escalations, four, 5-year extensions and zero landlord responsibilities


The Tenant is a leading Pizza Hut franchisee with 145 stores and 3,000+ employees that achieve strong sales (please contact broker for details). Notably, the Property is the only Pizza Hut location in the surrounding 50 miles, and ranks as the #12 most visited location in Montana and in the top 37% of most visited locations in the U.S.

...

Attributes

Asking price
£1,095,000
Cap rate
6%
NOI
£66,000
WAULT
14.1 years
Building area net
3,746 sf

Media

Investment Highlights

  • ±14.1 years of primary lease term remaining with zero landlord responsibilities
  • 1.50% annual rent escalations and low $81K annual rent
  • Experienced franchisee with 145 locations and 3,000+ employees
  • Only Pizza Hut location within a 50-mile radius
  • Positioned at a signalized intersection with direct visibility to more than 18,000 VPD
  • Fast-growing residential market with 23% population growth since 2010 within a 1-mile radius
Pizza Hut - Libby, MT 4_Property for Sale
Pizza Hut - Libby, MT 4_Property for Sale

Contact brokers

Pizza Hut - Libby, MT (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
7 Jan 2025