Horvath, Tremblay and Black of Horvath & Tremblay sell Pizza Hut/Wing Street in Kingston for $675,000

July 13, 2018 - Front Section
Bob Horvath,
Horvath & Tremblay

 

Todd Tremblay,
Horvath & Tremblay

 

Jeremy Black,
Horvath & Tremblay

 

Kingston, NY Bob Horvath, Todd Tremblay and Jeremy Black of Horvath & Tremblay have completed the sale of Pizza Hut and WingStreet.

Horvath & Tremblay represented the seller of the free-standing Pizza Hut and WingStreet, closing at a sale price of $675,000. Pizza Hut and WingStreet fully occupy the 2,340 s/f building located along Ulster Ave. The 10-year, triple-net (NNN) lease, commenced in June 2014 and has seven years remaining on the current lease term plus one automatic, five-year renewal option. Pizza Hut has occupied the building since it’s completion in 1974. The property is located along a main thoroughfare in a mixed retail and residential area.

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.

Comments

Add Comment


More from the New York Real Estate Journal