December 5, 2019 – Brian Ahrens of Horvath & Tremblay has successfully completed the sale of Pizza Hut in Littleton, New Hampshire. Horvath & Tremblay exclusively represented the 1031 exchange buyer to complete the transaction at a sale price of $674,069.
Pizza Hut is located at 238 Meadow Street in Littleton. The stand-alone building consists of 2,464 square feet and sits on a 0.74-acre lot. Pizza Hut signed a new 5-year absolute triple net lease at the close of escrow that has four, 5-Year renewal options. The lease calls for 1% annual rent increases throughout the base term and renewal options. The property is extremely well located along Meadow Street/US Highway 302/State Highway 10, which is the primary corridor in Littleton. Additionally, the property is just seconds from Interstate 93. Additionally, Pizza Hut enjoys excellent visibility and signage, and is surrounded by numerous national retailers.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.