Pizza Hut
Perryton, TX
Key Details
| Price: | $2,309,143 |
|---|---|
| Cap Rate: | 5.75% |
| Annual Rent: | $132,776 |
| Address: | 1902 South Main Street, Perryton, Texas 79070 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 5/31/2019 |
| Lease Expiration: | 5/31/2039 |
| Lease Term Remaining: | 14.4 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.83 Acres |
| Building Size: | 4,822 SF |
| Year Built: | 2008 |
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 1902 South Main Street, Perryton, Texas 79070. The site consists of roughly 4822 rentable square feet of building space on an estimated 0.83-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which commenced 5/31/2019. The current annual rent is $132,776 and has scheduled increases of 1.50% Annually.
About the Investment
- Long-Term Triple Net (NNN) Lease | The investment property is subject to a long-term, triple net (NNN) lease with over 14 years remaining. The lease has no landlord responsibilities.
- Strong Franchisee Guarantee | The lease is subject to a strong franchisee guarantee from Grand Mere Restaurant Group (145 units). Grand Mere is one of the leading operators in the Pizza Hut system and has grown rapidly since its founding in 2017.
- Tax-Free Income State | Texas does not levy a state income tax, providing extra incentive to invest in the state.
- Attractive Annual Rent Increases | The lease features attractive annual increases of 1.50%, providing a hedge against inflation.
Key Details
| Price: | $2,309,143 |
|---|---|
| Cap Rate: | 5.75% |
| Annual Rent: | $132,776 |
| Address: | 1902 South Main Street, Perryton, Texas 79070 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 5/31/2019 |
| Lease Expiration: | 5/31/2039 |
| Lease Term Remaining: | 14.4 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.83 Acres |
| Building Size: | 4,822 SF |
| Year Built: | 2008 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Alexandre Marietto
amarietto@nnnpro.com
License: NY: 10401294047
James Westerberg
jwesterberg@nnnpro.com
License: NY: 10401304686
Andrew Darby
adarby@nnnpro.com
License: NY: 10401380956
Broker of Record
Brian Brockman
Bang Realty-Texas, Inc
License: 701472
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.