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Papa John’s in Hampton, VA | Absolute-Net Lease

231 E Mercury Blvd, Hampton, VA 23669, USA
$409,091

Description

Marcus & Millichap is pleased to offer this Papa John’s property with an absolute-net lease with zero landlord responsibilities.
Papa John’s Pizza is an American restaurant company. It runs the third largest take-out and pizza delivery restaurant chain in the world, with headquarters in Jeffersontown, Kentucky, a suburb of Louisville.
Its slogan is “Better Ingredients. Better Pizza. Papa John’s.” Internationally, there are over 4,600 Papa John’s establishments, including over 3,200 in the U.S. and the remainder spread among 34 other countries. In September 2012, Papa John’s Pizza opened its 4,000th restaurant, in New Hyde Park, New York.

  • Absolute Triple-Net
  • Zero Landlord Responsibilities
  • Experienced and Strong Franchisee
  • Annual Escalations
  • Very Low Conservative Rent of $14 Per SF
  • Adjacent to Walgreens
  • Close to Hampton University 5,000 Students
  • Single Tenant Net Leased Asset

Property Documents

  • City: Hampton
  • State/county: Virginia
  • Zip/Postal Code: 23669
  • Country: United States

Detail

  • Price: $409,091

Additional details

  • CAP Rate: 5.50%
  • NOI: $22,500

Features