September 14, 2021 – Hobart Hare of Horvath & Tremblay has successfully completed the sale of Pizza Hut in Clemson, South Carolina. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $895,000.
Pizza Hut is located at 1073 Tiger Boulevard in Clemson, South Carolina. Pizza Hut has been at this location since 1977 and completed a sale-leaseback of the property in 2014. Pizza Hut has 3+ years remaining on their Absolute NNN lease with six (6) 5-year renewal options remaining. The lease calls for attractive 5% rent increases at the start of each renewal option. Pizza Hut is well-located along Tiger Boulevard, and is adjacent to the intersection of Tiger Boulevard and College Avenue, two of the area’s primary commercial and commuter corridors. The Property is 1-mile from Clemson University and its more than 26,400 students. The site benefits form traffic counts in excess of 28,000 vehicles per day, and is less than 0.25-miles from the Clemson Amtrak Train Station. Additionally, the property is 1.5-miles from the newly constructed Anmed Health Clemson complex and Hartwell Village, a 45-acre mixed use development.
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.