Pizza Hut

Pizza Hut

Pizza Hut
3010 Tamiami Trail E
Naples, FL 34112

$1,038,295

Cap Rate 7.00%
Gross Leasable Area (GLA) 2,520 Sq.Ft.
Price Per Square Foot (GLA) $412
Year Built 1976
Lot Size 0.60 Acres
  • Over Five Years Remaining on the NNN Lease Plus Two 5-Year Options
  • Located Across the Street From a Bealls Anchored Shopping Center
  • Surrounded by Several National Restaurant Brands
  • Average Daily Traffic Counts of 34,500 Vehicles on Tamiami Trail
  • Naples, FL - Second Highest Proportion of Millionaires Per Capita in the U.S.
  • Operated by NPC International, Inc - The Largest Franchisee of Any Restaurant Concept in the U.S.
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Pizza Hut (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to exclusively offer for sale this 2,520-square foot freestanding Pizza Hut located in Naples, FL. Pizza Hut has 5.3 years remaining on the base term of the triple-net lease with two additional 5-year option periods remaining. The rate schedule provides a new investor with a blended average unleveraged return of seven percent on the base term of the lease. This Pizza Hut is operated by NPC International Inc., a large operationally focused company with a history of delivering strong, consistent financial performance. Representing approximately 20 percent of the domestic Pizza Hut restaurant system, NPC International operates more than 1,240 Pizza Hut units in 27 states and is the largest franchisee of any restaurant concept in the United States.

The property lies on busy Tamiami Trail with easy ingress/egress and a daily average traffic count of 34,500 cars. Tamiami Trail is a major artery that connects several major cities up and down the Gulf Coast, and runs all the way accross the state into Miami. The property caters to the local residents and businesses with an average
household income of $82,096. Located across the street from Gulf Gate Plaza, a large 204,544-square foot shopping center occupied by Big Lots, Bealls Outlet, and Bravo Supermarket among other retailers. Pizza Hut also benefits from its close proximity to several national restaurant brands including McDonald’s, Wendy’s, Dunkin’
Donuts, Buffalo Wild Wings, and Burger King.

For More Information, Please Contact:

Jim Shiebler

Net-Leased Restaurant Specialist
(239) 340-7811
Jim.Shiebler@MarcusMillichap.com