1295 7Th StReno, NV 89503

For Sale
$1,198,626

High-yield Pizza Hut investment. 8 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
92
This fee-simple retail property offers a compelling investment opportunity. The 1,326 square foot Pizza Hut is located at 1295 W 7th St, Reno, NV 89503, on a 0.35-acre lot. Built in 1967 and renovated in 1972, the property is currently 100% occupied under a 15-year triple-net (NNN) lease with a franchisee tenant. The lease commenced November 26, 2017, and expires November 29, 2032, leaving over eight years remaining. The current annual net operating income (NOI) is $68,921, representing a 5.75% cap rate on the $1,198,626 asking price. The lease includes annual rent increases of 2.00%, providing consistent income growth. This is a tax-advantaged investment in Nevada, a state with no state income tax and low property taxes. The property presents a strong, passive income stream with significant lease term remaining and built-in rent escalations. This is a single-tenant, absolute NNN lease, meaning the landlord has no responsibility for property expenses.

Highlights

  • Absolute Triple-Net (NNN) Lease with over 8 years remaining.
  • 2.00% annual rent increases built into the lease.
  • Nevada location offers tax advantages with no state income tax and low property taxes.

Property Details for 1295 7Th St

Property type
Other retail properties, Restaurants
Square Feet
1,326 SF
Year Built/Renovated
1967/1972
Lot Size (sq. ft)
15,246 SF

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.5310016
Longitude
-119.8333925
1295 7Th St, Reno, Nevada

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1295 7Th St
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