Pizza Hut
Spearman, TX
Key Details
Price: | $1,596,105 |
---|---|
Cap Rate: | 5.75% |
Annual Rent: | $91,776 |
Address: | 820 Texas 207, Spearman, Texas 79081 |
Property Type: | Retail |
Lease Type: | Triple Net (NNN) |
Property Data
Original Lease Term: | 20 Years |
---|---|
Lease Commencement: | 1/28/2019 |
Lease Expiration: | 1/31/2039 |
Lease Term Remaining: | 14.1 Years |
Rental Increases: | 1.50% Annually |
Lot Size: | 1.03 Acres |
Building Size: | 1,854 SF |
Year Built: | 1995 |
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 820 Texas 207, Spearman, Texas 79081. The site consists of roughly 1854 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 commenced 1/28/2019. The current annual rent is $91,776 and has scheduled increases of 1.50% Annually.
About the Investment
- Very Profitable Store | This Pizza Hut location is a very profitable store (please reach out to Broker for more details). The strong sales performance highlights the store’s success in the local market and its ability to generate consistent revenue.
- Strong Unit Level Numbers | This Pizza Hut location boasts strong unit-level performance, ranked 1,241 out of 4,431 nationwide and 152 out of 667 in Texas, according to Placer.ai. These rankings highlight the store’s strong position in the competitive landscape, reflecting its solid customer base and consistent sales performance within both the national and regional markets.
- Zero Landlord Responsibilities | This property is offered with zero landlord responsibilities, as it is leased under a long-term triplenet (NNN) lease. The NNN structure ensures that the tenant is responsible for all property expenses, including taxes, insurance, and maintenance, providing a low-risk, hassle-free investment for the landlord.
- 1.50% Annually Increases | The lease features annual increases of 1.50%, providing built-in rent escalations that help hedge against inflation. These consistent increases ensure that rental income keeps pace with rising costs, enhancing the long-term stability and profitability of the investment.
Key Details
Price: | $1,596,105 |
---|---|
Cap Rate: | 5.75% |
Annual Rent: | $91,776 |
Address: | 820 Texas 207, Spearman, Texas 79081 |
Property Type: | Retail |
Lease Type: | Triple Net (NNN) |
Property Data
Original Lease Term: | 20 Years |
---|---|
Lease Commencement: | 1/28/2019 |
Lease Expiration: | 1/31/2039 |
Lease Term Remaining: | 14.1 Years |
Rental Increases: | 1.50% Annually |
Lot Size: | 1.03 Acres |
Building Size: | 1,854 SF |
Year Built: | 1995 |
Talk to the Pros
Cassandra Mosser
cmosser@nnnpro.com
License: AZ: SA677563000
Jonathan Eckerd
jeckerd@nnnpro.com
License: AZ: SA663487000
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.