Pizza Hut Restaurant with Absolute
1201 E Milbank Ave Milbank, SD 57252
1201 E Milbank Ave, Milbank, SD, 57252
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For Sale
Contact for pricing
For sale Pizza Hut operating under an absolute net lease with a term through 2032.
Days on Market102
Property Features for 1201 E Milbank Ave
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
NYLA Group LLC
Listed by
Ted Thomsen · License #WI 51540-90
Source
Crexi
Added: Apr 11 Updated: Jul 20 at 5:43PM Checked: Jul 21 at 7:05AM
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 NYLA Group LLC
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present for offer an absolute net Pizza Hut located at 1201 E Milbank Ave in Milbank, South Dakota. The tenant will sign a new lease upon close of escrow, with an expiration date of 12/31/2032 and 5% increases every five years.
The property is leased to a growing franchisee with more than forty-five years in business. The franchisee currently operates 20 locations across three states.
The tenant is selling to fund location improvements and acquire more locations, and expansion plans for up to eight additional locations were referenced for 2018. The offering is available individually or as part of a package.
The property is leased to a growing franchisee with more than forty-five years in business. The franchisee currently operates 20 locations across three states.
The tenant is selling to fund location improvements and acquire more locations, and expansion plans for up to eight additional locations were referenced for 2018. The offering is available individually or as part of a package.
Key Highlights
- Absolute net Pizza Hut at 1201 E Milbank Ave in Milbank, South Dakota
- New lease to be signed upon close of escrow, expiring 12/31/2032
- Lease includes 5% increases every 5 years
Property Analytics
Location Intelligence
Current Use by Public Records
Pizza Hut
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - For sale Pizza Hut operating under an absolute net lease with a term through 2032.
Where is this conventional restaurant located?
The property is located at 1201 E Milbank Ave Milbank, SD.
What are key features of this property?
This property features: Absolute net Pizza Hut at 1201 E Milbank Ave in Milbank, South Dakota; New lease to be signed upon close of escrow, expiring 12/31/2032; Lease includes 5% increases every 5 years
