Absolute Net Pizza
For Sale
Contact for pricing
1012 N 18th St, Centerville, IA 52544
Single-tenant Pizza Hut offered for sale with a new lease through 2032 and periodic 5% increases.
Property SizeContact for details
Days on Market146
Property Features for 1012 N 18th 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 8
Last Checked: Jul 23 at 9:46AM
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 Marcus & Millichap Iowa
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
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 83%
Shops & Services 17%
Fareway
Groceries
8,706 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
1,299 visits/mo
0.3 miles
Carquest Auto Parts
Shops & Services
527 visits/mo
0.5 miles
Demographics for 52544, IA
7,481
Population
4,096
Households
1.8
Avg Household Size
44
Median Age
19%
College-Educated
88%
High-School Grad
138.3 sq mi
ZIP Area
54
Density / Sq Mi
$45,257
Median Household Income
$36,792
Median Earnings
$779
Median Rent
$114,100
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 - 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.
