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Pizza Hut 427 Andrews Hwy 1,963 SF Retail Building Midland, TX 79701 $961,000 ($489.56/SF) 8% Cap Rate
Investment Highlights
- Franchisee Guaranteed Lease | Options To Extend | Annual Rental Increases
- Planet Fitness Anchored Center | Midland Memorial Hospital |Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• ADT Pizza, LLC (200+ units) guaranteed lease
• 8+ years remaining with 4 (5-year) option periods to extend, demonstrating the tenant’s commitment to the site
• The lease features 1.25% annual rental increases throughout the term and each option period
• Very strong performing site with sales above Pizza Hut AUV | Contact listing Agent for details
• 8+ years remaining with 4 (5-year) option periods to extend, demonstrating the tenant’s commitment to the site
• The lease features 1.25% annual rental increases throughout the term and each option period
• Very strong performing site with sales above Pizza Hut AUV | Contact listing Agent for details
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,963 SF
Building Class
C
Year Built
1964
Price
$961,000
Price Per SF
$489.56
Cap Rate
8%
NOI
$76,880
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.50 AC
Zoning
RR - Regional Retail District
Parking
20 Spaces (10.19 Spaces per 1,000 SF Leased)
Frontage
48’ on Andrews Hwy
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | R000020-481 | Improvements Assessment | $211,780 |
| Land Assessment | $65,840 | Total Assessment | $277,620 |
Property Taxes
Parcel Number
R000020-481
Land Assessment
$65,840
Improvements Assessment
$211,780
Total Assessment
$277,620
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Pizza Hut | 427 Andrews Hwy
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