Pizza Hut | New 15-Yr Abs NNN | 6380 Rittiman Rd
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Pizza Hut | New 15-Yr Abs NNN 6380 Rittiman Rd
3,105 SF Retail Building San Antonio, TX 78218 $1,781,321 ($574/SF) 5.60% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Established Brand & Operator
- Located Near Signalized, Hard Corner Intersection | Dense Retail 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 near the signalized, hard corner intersection of Rittiman Rd and Farm to Market Rd 78, which combine over 68,000 vehicles passing by daily
• The asset is located in dense retail corridor, with numeorus nearby national/credit tenants including Walmart, CVS, Ollie’s Bargain Market, Autozone, and many more
• 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 near the signalized, hard corner intersection of Rittiman Rd and Farm to Market Rd 78, which combine over 68,000 vehicles passing by daily
• The asset is located in dense retail corridor, with numeorus nearby national/credit tenants including Walmart, CVS, Ollie’s Bargain Market, Autozone, and many more
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,105 SF
Building Class
B
Year Built
1988
Price
$1,781,321
Price Per SF
$574
Cap Rate
5.60%
NOI
$99,754
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Land Acres
0.44 AC
Zoning
C-3 - Commercial
Parking
29 Spaces (9.34 Spaces per 1,000 SF Leased)
Frontage
75 FT on Rittiman
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 17628-002-0022 | Improvements Assessment | $383,400 |
| Land Assessment | $266,600 | Total Assessment | $650,000 |
PROPERTY TAXES
Parcel Number
17628-002-0022
Land Assessment
$266,600
Improvements Assessment
$383,400
Total Assessment
$650,000
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Pizza Hut | New 15-Yr Abs NNN | 6380 Rittiman Rd
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