Pizza Hut | 1902 S Main St
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Pizza Hut 1902 S Main St
4,822 SF Retail Building Perryton, TX 79070 $2,309,143 ($479/SF) 5.75% Cap Rate
Investment Highlights
- Long-Term Triple Net (NNN) Lease
- Tax-Free Income State
- Strong Franchisee Guarantee
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 1902 S. Main St, Perryton, TX 79070. The site consists of roughly 4,822 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 annual rent is $132,776 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,822 SF
Building Class
B
Year Built
2008
Price
$2,309,143
Price Per SF
$479
Cap Rate
5.75%
NOI
$132,776
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.83 AC
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 315001000000000000 | Improvements Assessment | $253,928 |
| Land Assessment | $45,999 | Total Assessment | $299,927 |
PROPERTY TAXES
Parcel Number
315001000000000000
Land Assessment
$45,999
Improvements Assessment
$253,928
Total Assessment
$299,927
Contacts
-
Glen Kunofsky -
Alexandre Marietto -
James Westerberg -
Andrew Darby -
NNN Pro Group
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Pizza Hut | 1902 S Main St
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