Historical Retail Sale Listing - Peter Piper Pizza - Corporate Lease

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Peter Piper Pizza - Corporate Lease

1551 Southwest Wilshire Boulevard, Burleson, TX 76028

N/A

10,000 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
10,000 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
1.25%
Cap Rate:
8.05%
Occupancy:
100%
Tenancy:
Single
Lot Size:
1.45 AC
Listing ID
16073454
Last Updated
over 1 year ago

Description

Marcus & Millichap is pleased to offer for sale a newly constructed (2007) single-tenant net-lease restaurant in Burleson, Texas. The property is occupied by Peter Piper Pizza, a strong privately held company. The offering consists of a 10,000 square foot building situated on a 1.45 acre lot. The subject is being offered at a 8.05 percent cap rate with nine years remaining on a 10 year lease. There is an 11.8 percent rent increase in year six with two five-year options. Landlord is responsible for roof and structure.

The subject property is located within Burleson Commons, a 32-acre property located at the intersection of State Highway 174 (Wilshire Boulevard) and 731 in Burleson, Texas. Premiere Cinemas, a 43,000 square foot brand new 14 screen all stadium theater anchors the property. Burleson Commons is shadow anchored by Target, Home Depot, Office Depot, and H-E-B Grocery. Peter Piper Pizza is well positioned along S.H. 174 (Wilshire Boulevard), the main retail thoroughfare in Burleson. Please contact us for a full marketing book.

Burleson, Texas is located 12 miles south of downtown Fort Worth and approximately 45 miles west of downtown Dallas. Interstate Highway 35W and State Highway 174 intersect in Burleson, with Interstate Highway 20 only eight miles north.

Map of 1551 Southwest Wilshire Boulevard, Burleson, TX 76028 (Johnson County)

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