London, Winchester, Radcliff, Maysville, Berea, KY
Pizza Hut PortfolioKey Information
Highlights
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Below-Market Rents – The portfolio’s average annual rent of $36,426 per location is notably below market levels, offering near-term upside potential.
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Low Rent Per Square Foot – Current average rental rate stands at $9.61 per square foot, supporting future mark-to-market opportunities.
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Attractive Sub-$1M Price Points – The portfolio’s average asset price of $604,919 presents an accessible basis with strong yield potential.
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Mid to Short-Term Leases With Upside Potential – Several leases include near-term kick-out options within two years, enabling accelerated rent adjustments to market rates.
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Contractual Rent Growth – All leases incorporate 1.50% annual rental escalations, providing built-in income growth.
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Healthy Rent-to-Sales Ratios – The portfolio exhibits an average rent-to-sales ratio of 5.15%, indicating sustainable occupancy costs and tenant profitability.
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Prime QSR Locations – Each property is situated along the dominant retail corridor in its respective market, ensuring strong visibility and access.
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Favorable Land Basis – Sites are priced below intrinsic real estate value, offering an attractive land-to-price ratio if delivered unencumbered.
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Efficient Store Footprints – The average building size exceeds approximately 3,789 square feet, supporting tenant operations and future reusability.
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