March 22, 2024 – Mark Heidecke and Corbin Schwartz of Horvath & Tremblay have successfully completed the sale of Pizza Hut in Arlington Heights, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $525,000.
Pizza Hut is located at 15 W Dundee Road in Arlington Heights, Illinois. Pizza Hut has been at this location since 2005 and has 1+ years remaining on their Triple Net lease with one (1) 5-year renewal option remaining. The location is operated by Quality Huts Midwest, a seasoned franchisee. Pizza Hut has a Triple Net Lease and requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, repairs, and replacements, making it an attractive investment for the passive real estate investor. Pizza Hut is well-located along W Dundee Road, the area’s primary commercial corridor. The Property is located across the street from Buffalo Grove High School and is 1-mile from IL Route 53 and 1.8-miles from US Route 12. The Property is surrounded by national retailers and restaurants that drive traffic to the area and densely developed residential neighborhoods that provide a built-in customer base.
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.