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Pizza Hut 427 Andrews Hwy

2,639 SF Retail Building Midland, TX 79701 $1,336,651 ($506/SF) 5.75% Cap Rate

Restaurants Texas Midland 427 Andrews Hwy, Midland, TX 79701

Investment Highlights

  • Strong Unit Performance
  • Absolute Triple Net (NNN) Lease with Attractive Annual Rent Increases
  • Strong Franchise Guarantee

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 427 Andrews Highway, Midland, TX 79701. The site consists of roughly 2,639 rentable square feet of building space on an estimated 0.5-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which commenced 10/29/2018. The current annual rent is $76,857 and has scheduled increases of 1.25% annually.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,639 SF
Building Class
C
Year Built
1964
Price
$1,336,651
Price Per SF
$506
Cap Rate
5.75%
NOI
$76,857
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.50 AC
Zoning
LR2
Parking
15 Spaces (5.68 Spaces per 1,000 SF Leased)
Frontage
48 FT on Andrews Hwy

Amenities

  • Bus Line
  • Pylon Sign
  • Restaurant
  • Signage
1 of 1
427 Andrews Hwy, Midland, TX - aerial map view
Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

7 Brew Coffee
Sunbelt Rentals
Rosa's Cafe
9round Fitness
Truist
United Supermarkets
Buddy's Home Furnishings
Planet Fitness
CrossFit

PROPERTY TAXES

Parcel Number R000020-481 Improvements Assessment $208,060
Land Assessment $65,840 Total Assessment $273,900

PROPERTY TAXES

Parcel Number
R000020-481
Land Assessment
$65,840
Improvements Assessment
$208,060
Total Assessment
$273,900
(332) 345-4222

Contacts

  • Listing ID: 34414516

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 427 Andrews Hwy, Midland, TX 79701

More public record information on 427 Andrews Hwy, Midland, TX 79701

The Retail Property at 427 Andrews Hwy, Midland, TX 79701 is currently available for sale. Contact NNN Pro Group for more information.

Nearby Listings

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427 Andrews Hwy, Midland, TX for sale Primary Photo- Image 1 of 3
Pizza Hut - 427 Andrews Hwy, Midland, TX Main
427 Andrews Hwy, Midland, TX for sale Aerial- Image 2 of 3
Pizza Hut - 427 Andrews Hwy, Midland, TX Aerial

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Pizza Hut | 427 Andrews Hwy
(332) 345-4222 x

Pizza Hut | 427 Andrews Hwy

1/3

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Kenneth Tamres

(703) 408-1577

(703) 408-1577

David Weber

(703) 783-6151

(703) 783-6151

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