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Pizza Hut | 2021 Remodel 218 Heather Rd 2,750 SF Retail Building Guthrie, OK 73044 $1,482,000 ($538.91/SF) 7.50% Cap Rate
Investment Highlights
- 20+ Year Operating History | Options To Extend | Strong Franchisee | Recent 2021 Remodel
- Interstate 35 & State Highway 33 | Frontage Visibility | Pylon Sign | Nearby National/Credit Tenants | Tesla Charging Station
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The site is drive-thru equipped
• Pizza Hut recently exercised its first five-year extension option, with one additional extension option remaining
• The site is backed by a strong franchisee with over 35 locations across Kansas, Oklahoma, and Northern Ohio, and the franchisee has operated this location for over 20 years, demonstrating their commitment to the site
• Full exterior and interior remodel completed in 2021, demonstrating strength in the location
• Pizza Hut recently exercised its first five-year extension option, with one additional extension option remaining
• The site is backed by a strong franchisee with over 35 locations across Kansas, Oklahoma, and Northern Ohio, and the franchisee has operated this location for over 20 years, demonstrating their commitment to the site
• Full exterior and interior remodel completed in 2021, demonstrating strength in the location
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,750 SF
Building Class
C
Year Built/Renovated
2004/2021
Price
$1,482,000
Price Per SF
$538.91
Cap Rate
7.50%
NOI
$111,132
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.65 AC
Zoning
C-2
Parking
80 Spaces (29.09 Spaces per 1,000 SF Leased)
Frontage
276’ on Heather Rd
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 420040283 | Improvements Assessment | $103,122 |
| Land Assessment | $21,781 | Total Assessment | $124,903 |
Property Taxes
Parcel Number
420040283
Land Assessment
$21,781
Improvements Assessment
$103,122
Total Assessment
$124,903
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Pizza Hut | 2021 Remodel | 218 Heather Rd
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