April 10, 2025 – Kyle Danielson and Hill Kanellos of Horvath & Tremblay have successfully completed the sale of a Pizza Hut in Elkton, Virginia. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $635,000.
Pizza Hut is located at 249 S Stuart Avenue in Elkton, Virginia. Pizza Hut has been at this location since 2012 (12 years) and just extended their lease demonstrating their commitment to the site and the market. Pizza Hut has 4+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 5.0% rental increases at the beginning of each option period. Pizza Hut is well-located at the signalized intersection of S Stuart Avenue (US Route 340) and W Spotswood Trail (US 33 BUS) and is 500 feet from US Highway 33, the area’s primary commercial and commuter corridors. The Property benefits from excellent visibility, frontage, and signage and is surrounded by the area’s retailers and businesses, all of which drive traffic to the immediate area. The Property is 2-miles from Food Lion, the area’s primary grocery store, and enjoys convenient access to Elkton’s elementary, middle, and high schools.
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.