This Retail Property is Off-Market.

1551 Southwest Wilshire Boulevard
Burleson, TX 76028 ·

10,000 SF · Retail For Sale

N/A

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Peter Piper Pizza - Corporate Lease

Price N/A Commission Split 1.25%
Building Size 10,000 SF Cap Rate 8.05%
Property Type Retail Occupancy 100%
Property Sub-type Restaurant Tenancy Single
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.45 AC
Listing ID: 16073454 Date Created: 01/25/2009 Last Updated: 04/06/2009

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.

Research

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

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