34080 Commerce Drive De Soto, KS 66018
- 3,822 Square Feet
- For Sale
Colliers International has been retained as the exclusive agent for the sale of freestanding, single tenant, net leased Pizza Hut restaurant in De Soto, KS (the "Offering"). Located on the primary retail corridor in De Soto, the Pizza Hut has been operating since 1999. The building contains 3,822 square feet and is operated by a brand new strong franchisee with 23 locations. A brand 20 year NNN lease will be put in place at close of escrow with four, five year options to renew. The lease will feature 1.5% annual increases. De Soto is due west of Overland Park on Route 10 and less than 30 miles from Kansas City.
Pizza Hut®, a subsidiary of Yum! Brands, is the world’s largest pizza company with more than 13,500 restaurants in 85 countries. Pizza Hut began 57 years ago in Wichita, Kansas, and today is an iconic global brand that delivers more pizza, pasta and wings than any other restaurant in the world. The operating franchisee, Grand Mere Capital, LLC, just acquired this 23 unit chain infusing the franchise with new capital and new energy.
34080 Commerce Drive is being offered for sale at $697,177 or a 6.20% cap rate.
Lot Size: 38768 Square Feet
Building Size: 3822 Square Feet
Area Available: 3,822 Square Feet