Pizza Hut Absolute-Net
For Sale
Contact for pricing
1018 W Madison St, Washington, IA 52353
New lease term runs through 12/31/2032 with scheduled 5% increases every 5 years.
Property SizeContact for details
Days on Market145
Property Features for 1018 W Madison St
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap Iowa
Listed By:
Barry A'Hearn · License #IA B55614000
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 3:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap Iowa
Investment Insights
Based on property information with market context.
This conventional restaurant property at 1018 W Madison Street is occupied by Pizza Hut and is structured for an absolute-net lease. At closing, the tenant will execute a new lease expiring 12/31/2032, with 5% rent increases scheduled every 5 years.
The Washington, Iowa property may be acquired individually or as part of a package. The operating franchisee has more than forty-five years in business and currently runs 20 locations across 3 states. The franchisee is pursuing location improvements and additional acquisitions, providing the operating context for the sale.
The Washington, Iowa property may be acquired individually or as part of a package. The operating franchisee has more than forty-five years in business and currently runs 20 locations across 3 states. The franchisee is pursuing location improvements and additional acquisitions, providing the operating context for the sale.
Key Highlights
- Pizza Hut restaurant at 1018 W Madison Street, Washington, Iowa
- Absolute‑net lease structure
- New lease at closing expires 12/31/2032
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Apparel 16%
Electronics 6%
Washington #3
Shops & Services
13,067 visits/mo
0.5 miles
BP
Shops & Services
5,862 visits/mo
0.3 miles
Goodwill
Apparel
4,354 visits/mo
0.5 miles
Discount Tire Store
Shops & Services
1,794 visits/mo
0.2 miles
U.S. Cellular
Electronics
1,688 visits/mo
0.4 miles
Demographics for 52353, IA
9,416
Population
3,995
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
157.4 sq mi
ZIP Area
60
Density / Sq Mi
$63,232
Median Household Income
$36,062
Median Earnings
$912
Median Rent
$155,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - New lease term runs through 12/31/2032 with scheduled 5% increases every 5 years.
Where is this conventional restaurant located?
The property is located at 1018 W Madison St Washington, IA.
What are key features of this property?
This property features: Pizza Hut restaurant at 1018 W Madison Street, Washington, Iowa; Absolute‑net lease structure; New lease at closing expires 12/31/2032
