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Pizza Hut 820 S Highway 207 1,854 SF Retail Building Spearman, TX 79081 $1,502,455 ($810.39/SF) 7.25% Cap Rate
Investment Highlights
- Strong Unit Level Numbers
- Zero Landlord Responsibiltiies
- Strong Guarantee | Lease is guaranteed by Grand Mere Restaurant Group, an experienced multi-unit operator and reputable Pizza Hut franchisee
- 2% Annually Increases Starting Year 7
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 820 Texas 207, Spearman, TX 79081 . The site consists of roughly 1,854 rentable square feet of building space on an estimated 1.03-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 $108,928 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
1,854 SF
Building Class
B
Year Built
1995
Price
$1,502,455
Price Per SF
$810.39
Cap Rate
7.25%
NOI
$108,928
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.03 AC
Frontage
212’ on S Highway 207
Amenities
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 120860890089909000000 | Improvements Assessment | $237,339 |
| Land Assessment | $12,000 | Total Assessment | $249,339 |
Property Taxes
Parcel Number
120860890089909000000
Land Assessment
$12,000
Improvements Assessment
$237,339
Total Assessment
$249,339
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Pizza Hut | 820 S Highway 207
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