Pizza Hut 427 Andrews Hwy 2,639 SF Retail Building Midland, TX 79701 $1,280,950 ($485.39/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Unit Performance with Low Rent-to-Sales Ratio
- Absolute Triple Net (NNN) Lease with Attractive Annual Rent Increases
- Affluent Surrounding Demographics with Average Household Income Exceeding $102,000
- Strong Franchise Guarantee - Lease guaranteed by ADT Pizza, LLC which operates over 200 locations throughout the Southeast and Texas
- Adjacent to Midland Memorial Hospital with Over 2,500 Employees
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Restaurant
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Oct 2033
There’s nothing cookie-cutter about Pizza Hut. Not their pizzas. Not their people. And definitely not the way they live life. Around here, they don’t settle for anything less than food they are proud to serve. And they don’t just clock in. Not when they can also become their best, make friends, and have fun while they're at it. They're the pizza company that lives life unboxed. They are not for people who want to blend in: pushing boundaries is part of their heritage. They have thousands of restaurants and many team members in multiple countries. Whether it’s the original Stuffed Crust or putting a pizza in outer space, they never stop driving themselves to deliver hot pizzas, fast every time – anywhere one wants to enjoy it. At Pizza Hut, they don’t just make pizza. They make people happy. Pizza Hut was built on the belief that pizza night should be special, and they carry that belief into everything they do.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Triple Net | Oct 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R000020-481 | Improvements Assessment | $208,060 |
| Land Assessment | $65,840 | Total Assessment | $273,900 |
