Bull Realty is pleased to offer this absolute single tenant NNN leased Pizza Hut located in Newport, TN. This is a wonderful opportunity to purchase a proven NNN property at a price point less than $1M! Newport is located just off I-40 between Knoxville and Asheville. The 2,040 SF building is located on busy Cosby Hwy with over 23K vehicles per day. The NNN lease runs through January 2026 with an upcoming 8% rent increase in February 2021. There are 2 five year options, each with 8% rent bumps. The lease is guaranteed by NPC International, Inc., 1 of the largest Pizza Hut franchisees currently operating more than 1,144 Pizza Huts in 27 states (and 386 Wendy's in 8 states). Location Description: The town of Newport is situated along the Pigeon River in an area where the Foothills of the Great Smoky Mountains descend into the French Broad and Nolichucky drainage basins. The Great Smoky Mountains National Park boundary passes some ten miles (sixteen kilometer) to the south.<br />

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