Pizza Hut | New 15-Yr Abs NNN | 14600 Nacogdoches Rd
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Pizza Hut | New 15-Yr Abs NNN 14600 Nacogdoches Rd
3,024 SF Retail Building San Antonio, TX 78247 $1,657,500 ($548/SF) 5.60% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Established Brand & Operator
- Located Along Nacogdoches Rd (29,300 VPD) | Dense Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Direct Consumer Base
Executive Summary
• The tenant, at close of escrow, will sign a brand new 15-year sale leaseback with 4 (5-year) options, demonstrating commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• A global leader in the pizza category, Pizza Hut operates more than 19,000 restaurants in more than 100 countries
• Tenant, Emerge Pizza of San Antonio LLC, is a subsidiary of Emerge! Restaurant Group, which operates 185 restaurants across their Pizza Hut, KFC, Taco Bell, and Sonic portfolio
• The subject property is located along Nacogdoches Rd, a major retail road that averages 29,300 vehicles passing by daily
• The asset is located in a dense retail corridor, with numerous nearby national/credit tenants including Big Lots, Walgreens, CVS, Ross, HEB, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• A global leader in the pizza category, Pizza Hut operates more than 19,000 restaurants in more than 100 countries
• Tenant, Emerge Pizza of San Antonio LLC, is a subsidiary of Emerge! Restaurant Group, which operates 185 restaurants across their Pizza Hut, KFC, Taco Bell, and Sonic portfolio
• The subject property is located along Nacogdoches Rd, a major retail road that averages 29,300 vehicles passing by daily
• The asset is located in a dense retail corridor, with numerous nearby national/credit tenants including Big Lots, Walgreens, CVS, Ross, HEB, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,024 SF
Building Class
C
Year Built
1986
Price
$1,657,500
Price Per SF
$548
Cap Rate
5.60%
NOI
$92,820
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.56 AC
Zoning
C-3 - Commercial
Parking
38 Spaces (12.57 Spaces per 1,000 SF Leased)
Frontage
144 FT on Nacodgoches
Amenities
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 15723-000-0140 | Improvements Assessment | $354,470 |
| Land Assessment | $470,530 | Total Assessment | $825,000 |
PROPERTY TAXES
Parcel Number
15723-000-0140
Land Assessment
$470,530
Improvements Assessment
$354,470
Total Assessment
$825,000
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Pizza Hut | New 15-Yr Abs NNN | 14600 Nacogdoches Rd
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