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Pizza Hut 1902 S Main St 4,822 SF Retail Building Perryton, TX 79070 $2,173,655 ($450.78/SF) 7.25% Cap Rate
Investment Highlights
- Strong Franchisee Guarantee
- Robust Academic Presence
- Long-Term Triple Net (NNN) Lease
- Ochiltree General Hospital
Executive Summary
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 1902 S. Main St, Perryton, TX 79070. The site consists of roughly 4,822 rentable square feet of building space on an estimated 0.83-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $157,590 and has scheduled increases of 2.00% annually starting year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,822 SF
Building Class
B
Year Built
2008
Price
$2,173,655
Price Per SF
$450.78
Cap Rate
7.25%
NOI
$157,590
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.83 AC
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 315001000000000000 | Improvements Assessment | $270,311 |
| Land Assessment | $45,999 | Total Assessment | $316,310 |
Property Taxes
Parcel Number
315001000000000000
Land Assessment
$45,999
Improvements Assessment
$270,311
Total Assessment
$316,310
Contacts
-
Glen Kunofsky -
Alexandre Marietto -
James Westerberg -
Andrew Darby -
Christopher Marks -
Surmount
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Pizza Hut | 1902 S Main St
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