Pizza Hut Restaurant with Absolute
For Sale
Contact for pricing
1201 E Milbank Ave, Milbank, SD 57252
For sale Pizza Hut operating under an absolute net lease with a term through 2032.
Property SizeContact for details
Days on Market123
Property Features for 1201 E Milbank Ave
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
NYLA Group LLC
Listed By:
Ted Thomsen · License #WI 51540-90
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 11:46AM
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
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
31k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 26%
Electronics 2%
Hotels & Casinos 2%
Milbank #2
Shops & Services
10,264 visits/mo
0.4 miles
Dollar General
Shops & Services
5,952 visits/mo
0.2 miles
Family Dollar
Shops & Services
3,984 visits/mo
0.3 miles
Hardee's
Dining
3,829 visits/mo
0.0 miles
Pizza Hut
Dining
2,919 visits/mo
0.1 miles
Demographics for 57252, SD
5,020
Population
2,171
Households
2.3
Avg Household Size
44
Median Age
31%
College-Educated
93%
High-School Grad
164.9 sq mi
ZIP Area
30
Density / Sq Mi
$69,900
Median Household Income
$35,502
Median Earnings
$525
Median Rent
$184,500
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 - 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
