Current Use by Public Records
- Retail properties & Spaces
Property Details for 2025 Westside Blvd
- Year built
- 1975
- Lot size
- 0.59 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple ownership of a Pizza Hut restaurant located at 2025 N Westside Blvd, Newton, NC 28658. The property boasts a 2,576 square foot building situated on a 0.59-acre lot, constructed in 1975. Currently operating under an absolute NNN lease with a franchisee tenant, this single-tenant property offers a strong, passive income stream. The lease features 9.4 years remaining, with attractive 1.25% annual rent bumps, ensuring consistent growth in rental income. The asking price is $1,184,000, representing a compelling $459.63 per square foot and a 6.25% cap rate based on a current Net Operating Income (NOI) of $73,998. The property benefits from a highly visible location on a hard corner intersection, directly across from a Walmart and in close proximity to Interstate 40, ensuring high traffic and excellent visibility within a dense retail corridor. This is a rare opportunity to acquire a stable, high-performing net lease property with significant upside potential. The property consists of a single, one-story building.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Catawba
- State
- North Carolina
- Longitude
- -81.2662
- Latitude
- 35.6599
