Southeast Pizza Hut Portfolio

1037 Brentway Ave
Williamston, NC


The portfolio consist of newly executed 15-year absolute net leases:
MPV Properties, LLC on behalf of ownership as its exclusive advisor, is pleased to present the opportunity to acquire the fee simple ownership interest in 7 Pizza Hut locations located throughout North Carolina (4), South Carolina, Virginia, and Kentucky. The portfolio consist of newly executed 15-year absolute net leases by Tasty Hut LLC, a 221+ unit franchisee and wholly-owned subsidiary of Tasty Restaurant Group ( 420+ unit restaurant operator spanning over 21 states).  The Property is subject to absolute NNN leases with 15 years of term providing completely passive ownership and stabilized income. The 10% escalations every 5 years allows for future upside, and hedges against inflation.

  • Southeast based Pizza Hut portfolio with brand new 15-year leases with four 5-year options to renew.

  • Leases feature 10% rent escalations every 5 years throughout initial term and option periods.

  • Leases backed by Tasty Restaurant Group, a 420-unit restaurant operator.

  • Mix of recently renovated and new construction.

***Kentucky Broker of Record: Megan Petit - eXp Realty - License #218307
***Virginia Broker of Record: Alex Wilner - KLNB - License #0225243507

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