Listed by SURMOUNT
$1,452,373
Pizza Hut
Details
APN 3694
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,854
Cap Rate 7.50%
NOI $108,928
Tenancy Single
Brand/Tenant Pizza Hut
Lease Type NNN
Lease Term 20
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 1995
Buildings 2
Acreage 1.030
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple
Retail | 7.50% CAP | 1,854 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 820 Texas 207, Spearman, TX 79081 . The site consists of roughly 1,854 rentable square feet of building space on an estimated 1.03-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $108,928 and has scheduled increases of 2.00% annually starting year 7.
Investment highlights
- Strong Unit Level Numbers | This Pizza Hut location boasts strong unit-level performance, ranked 1,241 out of 4,431 nationwide and 152 out of 667 in Texas, according to Placer.ai. These rankings highlight the store's strong position in the competitive landscape, reflecting its solid customer base and consistent sales performance within both the national and regional markets.
- Strong Guarantee by Experienced Multi-Unit Operator | The lease is backed by a guaranty from Grand Mere Restaurant Group, an experienced multi-unit operator and reputable Pizza Hut franchisee with over 145 locations. This established operator brings a proven track record of success and operational expertise, providing added security and confidence in the long-term stability of the lease and the continued success of the property.
- Zero Landlord Responsibilties | This property is offered with zero landlord responsibilities, as it is leased under a long-term triple-net (NNN) lease. The NNN structure ensures that the tenant is responsible for all property expenses, including taxes, insurance, and maintenance, providing a low-risk, hassle-free investment for the landlord.
- 2% Annually Increases Starting Year 7 | The lease features annual increases of 2%, providing built-in rent escalations that help hedge against inflation. These consistent increases ensure that rental income keeps pace with rising costs, enhancing the long-term stability and profitability of the investment.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,928.00
$9,077.33/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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