Pizza Hut - Hastings, MN
This is an excellent opportunity to purchase a sale/leaseback investment property for $1,010,000 at 5.75% cap rate, with a 20 year lease. This lease includes 10% rent increases every 5 years and in the four 5-year options. Hastings is part of the MSP MSA and is the county seat of Dakota County.
This Pizza Hut property is located on South Frontage Road just south of Highway 55 in Hastings, Minnesota. Traffic counts on Highway 55 average nearly 19,000 vehicles daily. Nearby retailers include McDonalds, AutoZone, Wells Fargo Bank, Arby’s, Culver’s, Cub Foods, Papa Murphy’s Pizza, Caribou Coffee, The UPS Store, Chipotle, Jimmy John’s, Walmart, Subway, Taco Bell and many more. Pizza Hut is located just south of the Alina Regina Hospital. A 57-bed acute care hospital employing almost 400 people and with a 250-plus medical staff. The Hastings High School, a 100-acre property is also located just northwest of Pizza Hut. Along with the High School, the Hasting’s Middle school and Pinecrest Elementary School are less than a mile away. Hastings, Minnesota is a city of over 22,000 people located just 30 miles southeast of downtown Minneapolis. Hastings is located in Dakota County near the confluence of the Mississippi, Vermillion, and St. Croix Rivers. It is the county seat of Dakota County, which contains most of it as well as a small part extending into Washington County.