3397 State Route 11 | Malone, NY 12953
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3397 State Route 11
Malone, NY 12953
PIZZA HUT 15-YR ABSOLUTE NET (NNN) -Malone NY · Retail Property For Sale
Investment Highlights
- OPEN & PAYING RENT (During COVID-19) * Brand New 15-Year Lease * Zero Landlord Responsibilities * Very Healthy Rent-to-Sales Ratio - Conservative
- Increasing Sales - Year After Year * On Main Retail Corridor w/ Plenty of Frontage * Minutes from North Country Community College - 1,475 Students
- Caters to Multiple Schools in the area with over 3,200 Students * Single Tenant Absolute Triple-Net Leased Asset
- 5% Bumps Every Five Years * Operated by one of the Largest Pizza Hut Franchisees * Award Winning Franchisee - Year After Year
- Adjacent to ALDI, KFC, and FORD Dealership * Minutes from Walmart Supercenter * Conveniently Located Close to Malone Dufort Airport
- Globally Recognized Brand That Is Located in 106 Countries and Has 16,500 Locations Worldwide
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,668 SF
Building Class
C
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.83 AC
Zoning
01
About 3397 State Route 11 , Malone, NY 12953
Marcus & Millichap is pleased to offer this Pizza Hut property paired with an absolute net long term lease with zero landlord responsibilities. Pizza Hut, is the largest pizza company in the world. www.caprates.com
PROPERTY TAXES
| Parcel Number | 164889-112-000-0001-003-300-0000 | Improvements Assessment | $466,703 |
| Land Assessment | $143,789 | Total Assessment | $610,491 |
PROPERTY TAXES
Parcel Number
164889-112-000-0001-003-300-0000
Land Assessment
$143,789
Improvements Assessment
$466,703
Total Assessment
$610,491
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