August 24, 2022 – Zach Smith, Russell Verzino, Bob Horvath, and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a Pizza Hut in Royston, Georgia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,025,000.
Pizza Hut is located at 200 Franklin Springs Circle in Royston, Georgia. The stand-alone building consists of 2,814 square feet and sits on a 0.90-acre lot. Pizza Hut has 23+ years remaining on their Absolute NNN Lease with four (4) 5-Year renewal options. The lease calls for 10% rent increases every 5-years throughout the base term and at the start of each renewal option period. The property is adjacent to the signalized intersection of Franklin Springs Circle and Franklin Springs Street (US Route 29), the area’s primary commercial and commuter corridors. The Property is seconds from Dill’s Food City and Food Lion, the area’s two grocery stores, and is also surrounded by national tenants, including Walgreens, Family Dollar, Dollar Tree, Wendy’s, and Hardee’s, driving traffic to the area. Royston is located in northeastern Georgia, approximately 30 miles north of Athens.
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.