May 20, 2022 – Rob DiFranco of Horvath & Tremblay has successfully completed the sale of a Pizza Hut and Thrift Store in Ahoskie, North Carolina. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $458,736.
The Pizza Hut and Thrift Store are located at 405 Peacock Street in Ahoskie, North Carolina. The two-tenant retail center is 100% occupied by Pizza Hut and a Thrift Store. Pizza Hut has been in this location for more than 25 years and they have less than 1 year remaining on their primary lease term with two, 3-year renewal options. Pizza Hut is operated by an experienced operator with more than 60 locations. The Thrift Store has been in this location for several years and has less than 1-year remaining on their primary lease. The Property is situated along Peacock Street adjacent to the intersection of Peacock Street and E Memorial Drive (US Route 13), the area’s primary commercial and commuter corridor. The Property is surrounded by national retailers including Walmart Supercenter, Piggly Wiggly, Food Lion and Walgreens that drive traffic and customers to the trade area.
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.