Absolute Net Pizza
1012 N 18th St Centerville, IA 52544
1012 N 18th St, Centerville, IA, 52544
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For Sale
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Single-tenant Pizza Hut offered for sale with a new lease through 2032 and periodic 5% increases.
Days on Market103
Property Features for 1012 N 18th St
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Marcus & Millichap Iowa
Listed by
Barry A'Hearn · License #IA B55614000
Source
Crexi
Added: Apr 10 Updated: Jul 20 at 8:16PM Checked: Jul 20 at 8:16PM
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Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present an absolute net Pizza Hut located at 1012 N 18th Street in Centerville, Iowa. The property is being offered for sale individually as well as in a portfolio.
Upon close of escrow, the tenant will sign a new lease expiring 12/31/2032. Lease payments include 5% increases every 5 years.
The operating franchisee has been in business for over forty-five years and currently operates 20 locations in three states. The franchisee is selling to fund location improvements and acquire more locations, with expansion plans mentioned for up to eight additional locations in 2018. Additional locations are available as part of a portfolio offering; contact the agent for more details.
Upon close of escrow, the tenant will sign a new lease expiring 12/31/2032. Lease payments include 5% increases every 5 years.
The operating franchisee has been in business for over forty-five years and currently operates 20 locations in three states. The franchisee is selling to fund location improvements and acquire more locations, with expansion plans mentioned for up to eight additional locations in 2018. Additional locations are available as part of a portfolio offering; contact the agent for more details.
Key Highlights
- Single‑tenant Pizza Hut at 1012 N 18th Street in Centerville, Iowa.
- New tenant lease to expire 12/31/2032 upon close of escrow.
- Lease includes 5% increases every 5 years.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Single-tenant Pizza Hut offered for sale with a new lease through 2032 and periodic 5% increases.
Where is this conventional restaurant located?
The property is located at 1012 N 18th St Centerville, IA.
What are key features of this property?
This property features: Single‑tenant Pizza Hut at 1012 N 18th Street in Centerville, Iowa.; New tenant lease to expire 12/31/2032 upon close of escrow.; Lease includes 5% increases every 5 years.
