September 2, 2021 – Rob DiFranco of Horvath & Tremblay has successfully completed the sale of Pizza Hut in Geneseo, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $895,000.
Pizza Hut is located at 1049 S Oakwood Avenue in Geneseo, Illinois. Pizza Hut has been at this location for years and recently executed a new 20-year Absolute NNN lease. Pizza Hut has 19-years remaining on their lease with four (4) 5-year renewal options remaining. The lease calls for attractive 10% rent increases every five years throughout the base term and at the start of each renewal option. Pizza Hut is well-located along S Oakwood Avenue in the heart of Geneseo’s commercial district. The property is 0.25-miles from the signalized intersection of S Oakwood Avenue and US Route 6. The Property is 0.6-miles from Interstate 80 and is within 1.75-miles of the areas elementary, middle, and high schools. The Property enjoys close proximity to the Hammond-Henry Hospital and numerous national and local retailers.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.