Absolute NNN Pizza Hut
211 High Street Ellsworth, ME 04605
211 High Street, Ellsworth, ME, 04605
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For Sale
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Absolute NNN Pizza Hut is leased on a new 5-year term with multiple extension options and annual 1% rental increases.
Days on Market103
Property Features for 211 High Street
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
SRS Louisville
Listed by
Sarah Shanks · License #271256
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 12:06AM Checked: Jul 22 at 12:06AM
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Investment Insights
Based on property information with market context.
This Pizza Hut investment property is offered as a fee simple ownership interest with an absolute NNN lease in place. The tenant, GC Pizza Hut, LLC (74-unit entity), is scheduled to sign a brand new 5-year lease with four 5-year options at the close of escrow. The lease includes annual 1.00% rental increases throughout the initial term and option periods.
The restaurant is located directly along US Highway 1/High Street, with reported traffic of 30,500 VPD, providing visibility along the primary retail thoroughfare through Ellsworth. The site is positioned between two shopping centers, with Maine Coast Mall anchored by Hannaford Supermarket and including T.J. Maxx, and Ellsworth Shopping Center anchored by Shaw’s grocery.
Additional retail draw in the immediate area includes Walmart Supercenter and Home Depot located less than a mile down U.S. Highway 1, supporting continued regional shopping activity within the 5-mile trade area described in the offering materials.
The restaurant is located directly along US Highway 1/High Street, with reported traffic of 30,500 VPD, providing visibility along the primary retail thoroughfare through Ellsworth. The site is positioned between two shopping centers, with Maine Coast Mall anchored by Hannaford Supermarket and including T.J. Maxx, and Ellsworth Shopping Center anchored by Shaw’s grocery.
Additional retail draw in the immediate area includes Walmart Supercenter and Home Depot located less than a mile down U.S. Highway 1, supporting continued regional shopping activity within the 5-mile trade area described in the offering materials.
Key Highlights
- Absolute NNN Pizza Hut investment in Ellsworth, ME with fee simple (land & building) ownership available
- Tenant GC Pizza Hut, LLC (74‑unit entity) to sign a brand‑new 5‑year lease with 4 (5‑year) options to extend at close of escrow
- Lease includes annual 1.00% rental increases throughout the initial term and option periods
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Absolute NNN Pizza Hut is leased on a new 5-year term with multiple extension options and annual 1% rental increases.
Where is this nnn property located?
The property is located at 211 High Street Ellsworth, ME.
What are key features of this property?
This property features: Absolute NNN Pizza Hut investment in Ellsworth, ME with fee simple (land & building) ownership available; Tenant GC Pizza Hut, LLC (74‑unit entity) to sign a brand‑new 5‑year lease with 4 (5‑year) options to extend at close of escrow; Lease includes annual 1.00% rental increases throughout the initial term and option periods
