Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MinnesotaNet Lease

Upland Real Estate Group sells Pizza Hut in Minnesota community

June 18, 2020
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Upland Real Estate Group has arranged the sale of a Pizza Hut property in Virginia, Minnesota. The property has 20 years remaining on its NNN lease and includes 10 percent increases every five years with four five-year renewal options.

The tenant on the lease, MUY Pizza Minnesota LLL, currently operates 59 Pizza Hut restaurants in Minnesota and Iowa.

Keith Strum of Upland Real Estate Group said that Pizza Hut has perfomed well during the COVID-19 pandemic. The 1031 buyer saw long-term value in the asset, operator and brand, Strum said.

This Pizza Hut is an outparcel to Thunderbird Mall at the curve of Highway 53 in Virginia, Minnesota. Traffic counts average 16,000 vehicles daily. Thunberbird Mall is a regional shopping destination with more than 20 specialty shops.

Tags
Keith Strumnet leasePizza HutretailUpland Real Estate GroupVriginia
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasIndustrial

Cresa represents Careismatic Brands in its new 1,014,254-square-foot industrial lease in Dallas

February 3, 2023
TexasCRE

Hartman’s Anthony Trollope named Rising Star at CPE Influence Award ceremony

February 3, 2023
WisconsinMultifamily

CBRE brokers sale of 11-property multifamily portfolio in Milwaukee area

February 3, 2023
OhioIndustrial

Contegra completes reshoring project for American Nitrile in Ohio

February 3, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com