Pizza Hut | 427 Andrews Hwy
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Pizza Hut 427 Andrews Hwy
2,639 SF Retail Building Midland, TX 79701 £1,071,326 (£406/SF) 5.75% Net Initial Yield
Investment Highlights
- Strong Unit Performance
- Absolute Triple Net (NNN) Lease with Attractive Annual Rent Increases
- Strong Franchise Guarantee
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 427 Andrews Highway, Midland, TX 79701. The site consists of roughly 2,639 rentable square feet of building space on an estimated 0.5-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which commenced 10/29/2018. The current annual rent is $76,857 and has scheduled increases of 1.25% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,639 SF
Building Class
C
Year Built
1964
Price
£1,071,326
Price Per SF
£406
Net Initial Yield
5.75%
NOI
£61,601
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
0.50 AC
Zoning
LR2
Parking
15 Spaces (5.68 Spaces per 1,000 SF Leased)
Frontage
48 ft on Andrews Hwy
Amenities
- Bus Route
- Pylon Sign
- Restaurant
- Signage
Walk Score ®
Very Walkable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R000020-481 | Improvements Assessment | £166,760 |
| Land Assessment | £52,771 | Total Assessment | £219,531 |
PROPERTY TAXES
Parcel Number
R000020-481
Land Assessment
£52,771
Improvements Assessment
£166,760
Total Assessment
£219,531
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Pizza Hut | 427 Andrews Hwy
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