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820 S Highway 207
Spearman, TX 79081
Pizza Hut · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Very Profitable Store
- Zero Landlord Responsibiltiies
- Strong Unit Level Numbers
- 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
$1,556,114
Price Per SF
$839.33
Cap Rate
7%
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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