4030 Singleton Pkwy is aretail property for lease in Memphis, TN.
. Pizza Hut is the World’s Largest Pizza Company
. NPC International is the World’s Largest Pizza Hut Franchisee
. Excellent Demographics; Memphis MSA
. Population Over 140,000 in Five-Mile Radius and Growing
. Absolute-Net Leased; No Landlord Responsibilities
. Dine-In Location with Wing Street Concept
. No State Income Tax Except on Interest and Dividends
The Jonna Group of Marcus & Millichap is pleased to present a freestanding Pizza Hut restaurant located in Memphis, Tennessee. The subject property was built in 2000 and is situated just off the hard intersection of Singleton Parkway (22,000 vehicles per day) and Austin Peay Highway (28,000 vehicles per day). The subject site sits adjacent to Walgreens and Firestone Auto Care, even sharing a common road to access an entrance point. Pizza Hut directly benefits from the extra traffic the Walmart Supercenter and Kroger generate from opposing corners. Also, several blocks away is Methodist North Hospital, a 246 bed community hospital. The Spring Gate Rehab and Health Care Center, 233 bed rehabilitation hospital, is situated behind Methodist North Hospital. Pizza Hut has five years remaining on an absolute-net lease, which features four five-year options with increases. The lease is guaranteed by NPC International, the world’s largest Pizza Hut franchisee. Pizza Hut has a more than 50-year history, beginning in 1958 in Wichita, Kansas. NPC opened its first Pizza Hut restaurant shortly after in 1962. Today, Pizza Hut is an iconic global brand that delivers more pizza, pasta and wings than any other restaurant in the world. NPC currently operates more than 1,240 Pizza Hut units in 27 states and more than 145 Wendy’s units in five states.