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Pizza Hut 427 Andrews Hwy 2,639 SF Retail Building Midland, TX 79701 $1,280,950 ($485.39/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

Strong Unit Performance with Low Rent-to-Sales Ratio
Absolute Triple Net (NNN) Lease with Attractive Annual Rent Increases
Affluent Surrounding Demographics with Average Household Income Exceeding $102,000

Strong Franchise Guarantee - Lease guaranteed by ADT Pizza, LLC which operates over 200 locations throughout the Southeast and Texas
Adjacent to Midland Memorial Hospital with Over 2,500 Employees

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 427 Andrews Highway, Midland, TX 79701. The site consists of roughly 2,639 rentable square feet of building space on an estimated 0.5-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which commenced 10/29/2018. The current annual rent is $76,857 and has scheduled increases of 1.25% annually.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

2,639 SF

Building Class

Year Built

1964

Price

$1,280,950

Price Per SF

$485.39

Cap Rate

NOI

$76,857

Tenancy

Single

Building Height

1 Story

Building FAR

0.12

Lot Size

0.50 AC

Zoning

LR2

Parking

15 Spaces (5.68 Spaces per 1,000 SF Leased)

Frontage

48’ on Andrews Hwy

AMENITIES

Bus Line

Pylon Sign

Restaurant

Signage

MAJOR TENANTS

Accommodation and Food Services
-
-
Triple Net
Oct 2033

There’s nothing cookie-cutter about Pizza Hut. Not their pizzas. Not their people. And definitely not the way they live life. Around here, they don’t settle for anything less than food they are proud to serve. And they don’t just clock in. Not when they can also become their best, make friends, and have fun while they're at it. They're the pizza company that lives life unboxed. They are not for people who want to blend in: pushing boundaries is part of their heritage. They have thousands of restaurants and many team members in multiple countries. Whether it’s the original Stuffed Crust or putting a pizza in outer space, they never stop driving themselves to deliver hot pizzas, fast every time – anywhere one wants to enjoy it. At Pizza Hut, they don’t just make pizza. They make people happy. Pizza Hut was built on the belief that pizza night should be special, and they carry that belief into everything they do.