Pizza Hut | 820 S Highway 207
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Pizza Hut 820 S Highway 207
1,854 SF Retail Building Spearman, TX 79081 £1,279,278 (£690/SF) 5.75% Net Initial Yield
Investment Highlights
- Very Profitable Store
- Zero Landlord Responsibilities
- Strong Unit Level Numbers
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 820 Texas 207, Spearman, TX 79081 . The site consists of roughly 1,854 rentable square feet of building space on an estimated 1.03-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which commenced 1/28/2019. The current annual rent is $91,776 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,854 SF
Building Class
B
Year Built
1995
Price
£1,279,278
Price Per SF
£690
Net Initial Yield
5.75%
NOI
£73,558
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
1.03 AC
Parking
33 Spaces
Frontage
212 ft on S Highway 207
Amenities
- Pylon Sign
- Restaurant
- Signage
PROPERTY TAXES
Parcel Number | 120860890089909000000 | Improvements Assessment | £190,227 |
Land Assessment | £9,618 | Total Assessment | £199,845 |
PROPERTY TAXES
Parcel Number
120860890089909000000
Land Assessment
£9,618
Improvements Assessment
£190,227
Total Assessment
£199,845
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Pizza Hut | 820 S Highway 207
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