Log In/Sign Up
Your email has been sent.
Pizza Hut 427 Andrews Hwy 1,963 SF Retail Building Midland, TX 79701 $1,060,000 ($539.99/SF) 7.25% 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
$1,060,000
Price Per SF
$539.99
Cap Rate
7.25%
NOI
$76,857
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
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Pizza Hut | 427 Andrews Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.