Absolute NNN Pizza Hut
For Sale
Contact for pricing
374 Grant Avenue Rd, Auburn, NY 13021
Leased-fee Pizza Hut property with franchisee guarantees and an absolute NNN structure, situated on a major commuter corridor.
Property SizeContact for details
Days on Market121
Property Features for 374 Grant Avenue Rd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SRS Louisville
Listed By:
Sarah Shanks · License #271256
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 7:05PM
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 SRS Louisville
Investment Insights
Based on property information with market context.
SRS National Net Lease Group is pleased to offer the leased-fee interest (land ownership) in an absolute NNN Pizza Hut investment property in Auburn, NY. The asset is leased to GC Pizza Hut, LLC (74-unit entity), and will be covered by a brand new 5-year sale leaseback executed at the close of escrow. The lease includes four (5-year) option periods and is franchisee guaranteed for the entire term, with rare 1% annual increases during the initial term and throughout the option periods. The property is structured as absolute NNN with zero landlord responsibilities.
The site is located along Grant Avenue Rd / State Highway 5, described as a major east/west commuter thoroughfare and retail corridor connecting travelers to and from Syracuse (26,400 VPD). The property benefits from highway frontage and increased visibility provided by a large pylon sign.
The location is positioned adjacent to Grant Avenue Plaza, a 101,840 SF neighborhood center anchored by Tractor Supply Co. and Big Lots. Nearby national/credit tenants referenced in the offering include a 24-hour Walmart Supercenter, Lowe’s, and BJ’s Wholesale.
The site is located along Grant Avenue Rd / State Highway 5, described as a major east/west commuter thoroughfare and retail corridor connecting travelers to and from Syracuse (26,400 VPD). The property benefits from highway frontage and increased visibility provided by a large pylon sign.
The location is positioned adjacent to Grant Avenue Plaza, a 101,840 SF neighborhood center anchored by Tractor Supply Co. and Big Lots. Nearby national/credit tenants referenced in the offering include a 24-hour Walmart Supercenter, Lowe’s, and BJ’s Wholesale.
Key Highlights
- Leased‑fee Pizza Hut property in Auburn, NY (land ownership) with franchisee guarantees for the entire lease term.
- Tenant will execute a brand‑new 5‑year sale leaseback at close of escrow with four (5‑year) option periods to extend.
- Lease includes 1% annual increases during the initial term and throughout the option periods.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
109k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 42%
Shops & Services 23%
Home Improvements & Furnishings 19%
Dining 16%
BJ's Wholesale Club
Superstores
30,521 visits/mo
0.5 miles
Tractor Supply Co.
Home Improvements & Furnishings
20,284 visits/mo
0.1 miles
Big Lots
Superstores
15,264 visits/mo
0.1 miles
BJ's Gas
Shops & Services
13,486 visits/mo
0.5 miles
Panera Bread
Dining
12,719 visits/mo
0.5 miles
Demographics for 13021, NY
38,479
Population
18,847
Households
2
Avg Household Size
44
Median Age
27%
College-Educated
91%
High-School Grad
119.2 sq mi
ZIP Area
323
Density / Sq Mi
$58,946
Median Household Income
$41,990
Median Earnings
$874
Median Rent
$169,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - Leased-fee Pizza Hut property with franchisee guarantees and an absolute NNN structure, situated on a major commuter corridor.
Where is this nnn property located?
The property is located at 374 Grant Avenue Rd Auburn, NY.
What are key features of this property?
This property features: Leased‑fee Pizza Hut property in Auburn, NY (land ownership) with franchisee guarantees for the entire lease term.; Tenant will execute a brand‑new 5‑year sale leaseback at close of escrow with four (5‑year) option periods to extend.; Lease includes 1% annual increases during the initial term and throughout the option periods.
