Lee & Associates, listed in conjunction with New York real estate broker Great Dane Properties, LLC license 10991200160, is pleased to exclusively offer for sale to qualified investors the opportunity to purchase a 100% fee-simple interest in a Pizza Hut property located at 386 Grant Avenue in Auburn (Syracuse), New York (the “Property). Built in 1997, the Property consists of a 2,850-square-foot retail building that sits on an approximately 1.22-acre parcel.

The subject property is leased to GC Pizza Hut, LLC dba Pizza Hut and is the largest Pizza Hut franchisee in the northeast (74 units). The tenant will deliver a new 10-year absolute triple-net (NNN) lease with 10% increases every 5 years in the Primary Term and (4) 5-year Option periods. The site is a profitable location for the operator, which has reported an ideal 8% rent to sales ratio (see broker for unit level sales reporting). The long-term lease, low price point, and low rent make this asset an ideal 1031 exchange candidate.