May 4, 2022 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of Pizza Hut in Madisonville, Kentucky. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $690,000.
Pizza Hut is located at 315 S Main Street in Madisonville, Kentucky. The new construction Pizza Hut’s rent commenced on January 20, 2022. The Property features Pizza Hut’s best-in-class pick-up window for mobile ordering designed to enhance the customer experience and drive sales. This is a relocation store; Pizza Hut has successfully operated in this market for years and is relocating from an existing location on Hudson Park Drive. Pizza Hut executed a Corporate Backed, 10-year Absolute NNN Ground Lease with three (3), 5-year renewal options. The lease features a 10% rent increase every five years throughout the base term and at the start of each of the renewal options. Pizza Hut is situated on a corner lot that benefits from outstanding frontage and visibility and five (5) points of access along two streets. The Property is well-located at the signalized intersection of S Main Street (US Route 41), one of the primary commercial corridors traversing Madisonville, and Lake Street/McCoy Avenue, which is one of the town’s primary east-west roads. The Property is surrounded by the town’s municipal offices, area schools, and is just 1.5-miles from Interstate 69.
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.