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Pizza Hut
Restaurant
1105 North Young Blvd.
Chiefland, FL
$1,034,480
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Pizza Hut Restaurant located in the West Gainesville suburb of Chiefland, Florida. Notable retailers in the immediate area include Save-A-Lot, Ford Dealership, Dollar General, North Florida Pharmacy, Best Western, McDonald’s, Hardees, Huddle House Restaurant, Perkins, State Bank, Drummond Community Bank, Texaco, and Chiefland High School. Other national retailers north of this site include Wal-Mart, Bealls Outlet, Winn-Dixie, CVS Pharmacy, Movie Gallery, Sonic Drive-In, Church’s Chicken, Taco Bell, Burger King, Subway, KFC, Capital City Bank and Holiday Inn Express.
Tenant: TNT Pizza Partners, Inc. The Tenant is a current Pizza Hut franchisee, who operates 26 Pizza Hut Restaurants in Texas and Florida and 3 Ruby Tuesday Restaurants in Texas. The recent acquisition of 6 units in Gainesville will bring the number of Pizza Hut properties under management to 32. With more than 20+ years of experience, and a specific expertise in Restaurant Operations and Finance, the Tenant sees an opportunity to increase revenues in the Gainesville market. The Tenant brings new capital and a new enthusiasm to the Gainesville market. The business plan calls for the remodel of the Gainesville and Chiefland units and the addition of the popular Wings Street concept to all locations. The lease will be guaranteed by the entity operating 6 Pizza Hut units in Greater Gainesville.
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Purchase Price:
$1,034,480
Annual Rent:
$75,000
Cap Rate:
7.25%

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