List Search

400 S Hermitage Rd

Hermitage, PA 16148

$1,600,000

Restaurant For Sale  •  4,872 Sq Ft

Property Details

  • Property Type Restaurant
  • Total Building Size 4,872 Sq Ft
  • Lot Size 1.28 ac
  • Building Class B
  • Year Built 1995
  • Cap Rate 5.00 %
  • Tenancy Single
0 Transit Score
38 Walk Score

Description

Free-Standing Pizza Hut NNN / Sale Leaseback For Sale in Hermitage, Pa. Multi-Unit operator. 

15 year Primary Term with (3) Five Year Options to renew. 

Yrs 1-5 $80,000/year NNN
Yrs 6-10 $82,000/year NNN
Yrs 11-15 $84,050/year NNN
Opt #1 16-20 $86,151.25/ year NNN
Opt #2 21-25 $88,305.03/ year NNN
Opt #3 26-30 $90,512.66/ year NNN

Located in Hermitage City, Mercer County, PA.

Highlights

Free-Standing Pizza Hut NNN / Sale Leaseback
Corner location on an outparcel of Kohl's
Adjacent to new Buffalo Wild Wings and Sheetz C-Store
Brand new 15 year lease with three 5 year renewal options
2.5% rent increase in each five year option
Proven 20-year track record at this location

Financial Summary (Actual)

Net Operating Income: $80,000 (2016)
Cap Rate: 5.00 %

Amenities

  • Pylon Sign
  • Signage

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Chad Stine 717-843-5555 Bennett Williams Commercial
Chad Stine 717-843-5555 Bennett Williams Commercial