Pizza Hut
Guymon, OK
Key Details
| Price: | $1,722,556 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $103,353 |
| Address: | 414 Northwest 21st Street, Guymon, Oklahoma 73942 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 14 Years |
|---|---|
| Lease Commencement: | 12/15/2024 |
| Lease Expiration: | 5/31/2039 |
| Lease Term Remaining: | 14 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.36 Acres |
| Building Size: | 1,994 SF |
| Year Built: | 2017 |
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 414 Northwest 21st Street, Guymon, Oklahoma 73942. The site consists of roughly 1994 rentable square feet of building space on an estimated 0.36-acre parcel of land. This Pizza Hut is subject to a 14-year Triple Net (NNN) lease, which commenced 12/15/2024. The current annual rent is $103,353 and has scheduled increases of 1.50% Annually.
About the Investment
- Triple Net (NNN) Lease | This investment is subject to absolute triple-net lease with no landlord responsibilities.
- Experienced Multi-Unit Operator | The lease is subject to a guaranty from Grand Mere Restaurant Group, a reputable Pizza Hut Franchisee with over 145 locations.
- Long Term Lease | The Lease contains 4, 5 year renewal options, resulting in an ultimate lease term of over 34 years.
- Attractive Rental Increases | This lease features strong rental increases of 1.50% Annually, hedging against inflation.
Key Details
| Price: | $1,722,556 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $103,353 |
| Address: | 414 Northwest 21st Street, Guymon, Oklahoma 73942 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 14 Years |
|---|---|
| Lease Commencement: | 12/15/2024 |
| Lease Expiration: | 5/31/2039 |
| Lease Term Remaining: | 14 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.36 Acres |
| Building Size: | 1,994 SF |
| Year Built: | 2017 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Daniel Price
dprice@nnnpro.com
License: NY: 10401306175
Broker of Record
Brian Brockman
Bang Realty-Oklahoma, Inc
License: 177814
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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.