December 5, 2023 – Zach Smith of Horvath & Tremblay has successfully completed the sale of Pizza Hut in Marshfield, Wisconsin. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,550,000.
Pizza Hut is located at 2112 N Central Avenue in Marshfield, Wisconsin. The Property features Pizza Hut’s best-in-class pick-up window for mobile ordering designed to enhance the customer experience and drive sales. Pizza Hut signed a new 15-year Absolute NNN Lease with three (3) renewal options upon the close of escrow. This location is operated by PH Hospitality Group, a growing franchisee with 30+ locations. The Absolute NNN Lease calls for attractive 1.5% annual rent increases throughout the primary lease term and renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. Pizza Hut is situated along N Central Avenue (WI Route 97), the area’s primary commercial and commuter corridor and benefits from outstanding frontage and visibility. The Property is shadow anchored by a Menards and ALDI, and is across the street from a Walmart Supercenter, all of which drive traffic to the immediate area. Additionally, the Property is close to the town’s municipal offices, area schools, and is less than 2-miles from the Marshfield Medical Center (Hospital) and W Veterans Parkway (WI Route 13).
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.