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Pizza Hut 414 NW 21st St 1,994 SF Retail Building Guymon, OK 73942 $1,691,986 ($848.54/SF) 7.25% Cap Rate
Investment Highlights
- Triple Net (NNN) Lease | This investment is subject to absolute triple-net lease with no landlord responsibilities.
- Long Term Lease | The Lease contains 4, 5 year renewal options, resulting in an ultimate lease term of over 34 years.
- Experienced Multi-Unit Operator | The lease is subject to a guaranty from Grand Mere Restaurant Group, a reputable Pizza Hut Franchisee
Executive Summary
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 414 Northwest 21st Street, Guymon, OK 73942. The site consists of roughly 1,994 rentable square feet of building space on an estimated 0.361-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which commences at the Close of Escrow. The current annual rent is $122,669 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
1,994 SF
Building Class
C
Year Built
2017
Price
$1,691,986
Price Per SF
$848.54
Cap Rate
7.25%
NOI
$122,669
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.36 AC
Frontage
106’ on NW 21st St
Amenities
- Pylon Sign
- Restaurant
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $64,238 | |
| Land Assessment | $22,677 | Total Assessment | $86,915 |
Property Taxes
Parcel Numbers
Land Assessment
$22,677
Improvements Assessment
$64,238
Total Assessment
$86,915
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Pizza Hut | 414 NW 21st St
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