Description

We are pleased to present this opportunity. Pizza Hut is a single-tenant net-lease retail investment offered for sale at 790 N. Van Dyke Road in Bad Axe, Michigan. The 2,398-square-foot freestanding restaurant is priced at $638,468, or approximately $266.25 per square foot, at a reported 5.00% capitalization rate.

The tenant operates under an absolute NNN lease structure that places taxes, insurance, maintenance, roof and HVAC responsibilities with the tenant. Broker materials report that the current lease term runs through December 2029 and includes one five-year renewal option. Built in 1999, the restaurant occupies an approximately 0.92-acre parcel.

The property is positioned on Bad Axe’s primary retail corridor near Walmart, Meijer and other national retailers. Its established restaurant use, nationally recognized tenant, visible corridor location and limited landlord obligations are the offering’s principal investment attributes.