Listing Summary
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Full Description
Pizza Hut (Yum! Brands) | Absolute NNN Lease Investment | Bad Axe, MI
An outstanding commercial real estate acquisition opportunity featuring a single-tenant 2,398-square-foot quick-service restaurant in Bad Axe, Michigan (Huron County). Offered at an accessible $638,468 purchase price, this net-lease asset delivers a 5.00% cap rate and is 100% leased to Pizza Hut (backed by Yum! Brands). Operating under a passive Absolute NNN lease through December 2029, this offering combines globally recognized brand equity, zero landlord obligations, and an attractive entry basis on a high-exposure 0.92-acre outparcel.
Property Specifications & Financial Overview
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Offering Price: $638,468
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Cap Rate: 5.00%
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Building Size: 2,398 Net Rentable SF
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Lot Size: 0.92 Acres (40,075 SF)
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Property Type: Freestanding Retail / Quick-Service Restaurant (Storefront)
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Year Built: 1999 (Functional, efficient single-story restaurant layout)
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Tenant / Brand: Pizza Hut (Yum! Brands)
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Lease Structure: Absolute NNN (Zero Landlord Responsibilities)
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Primary Term Expiration: December 31, 2029 (~3.3 Years Remaining Term)
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Renewal Options: One (1) Additional 5-Year Option
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Zoning: C-1 Commercial District
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Parking Ratio: 34 Dedicated Surface Spaces
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Frontage: 150 Feet of Direct Frontage on North Van Dyke Road
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Market: Bad Axe, MI (Huron County Seat)
Globally Recognized Brand & Truly Passive Ownership
Pizza Hut operates under Yum! Brands, one of the world's largest restaurant companies with nearly 20,000 locations worldwide:
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100% Passive Absolute NNN Structure: The lease holds the tenant completely responsible for all property operating expenses—including real estate taxes, building insurance, common area maintenance (CAM), roof, building structure, HVAC, and parking lot maintenance.
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Low Acquisition Cost Basis: Offered at ~$638K, the asset represents a low entry price point relative to current replacement costs for freestanding corporate-backed QSR assets.
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Longstanding Operating History: Decades of continuous operation at this exact address highlight proven store profitability and deep customer loyalty within the Thumb region of Michigan.
Dominant Commercial Frontage & High-Traffic Outparcel
Situated along Bad Axe's primary commercial artery, the site captures steady regional vehicular volume and benefits from surrounding retail density:
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Prime Corridor Exposure: Features 150 feet of direct frontage along North Van Dyke Road, providing exceptional sightlines, prominent signage opportunities, and easy customer access.
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Major Regional Retail Neighbors: Positioned near high-volume anchors including Walmart Supercenter, Meijer, Tractor Supply Co., and Dollar General, driving continuous cross-shopping traffic.
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Regional Hub Mechanics: Bad Axe serves as the economic, healthcare, and retail center for Huron County, drawing residents, agricultural workers, and tourists from surrounding coastal communities.
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Proximity to Community Landmarks: Located minutes from Kettering University, local educational facilities, the Bad Axe Theatre, and Huron County Historical Society Museum.
Key Investment Highlights
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Single-Tenant Absolute NNN Lease guaranteed by iconic quick-service brand Pizza Hut (Yum! Brands).
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Attractive $638,468 Price Point delivering a 5.00% cap rate with low replacement-cost exposure.
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100% Passive Income Stream with zero landlord maintenance, structural, or operational duties.
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Prime 0.92-Acre Parcel with 150' of frontage on N Van Dyke Road and 34 parking spaces.
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Lease Active Through December 2029 with additional 5-year renewal upside.
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Surrounded by Dominant Anchors including Walmart Supercenter and Meijer.
Quick Glance
- Listing ID:
CL-Michigan-28400
- Status:
Active
- Year Build:
1999
- Building Size:
2,398 SqFt
- Lot Size:
0.92 Acr
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