Listed by Marcus & Millichap | The Patel Yozwiak Group
$2,349,000
Pizza Hut | Ranked #1 in Texas for Site Visits -Placer.ai
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,835
Net Rentable (SqFt) 2,835
Units 1
Cap Rate 6.18%
NOI $145,200
Occupancy 100%
Tenancy Single
Brand/Tenant Pizza Hut
Lease Type Absolute NNN
Lease Expiration 12/31/2038
Remaining Term 12.4
Rent Bumps Yes
Lease Options Four, 5 Year
Price per SqFt $829
Year Built 1977
Year Renovated 2023
Stories 1
Acreage 0.590
Parking Spaces 39 spaces
Parking per 1,000 SqFt 13.76
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 07/01/2023
Ground Lease No
2023 Renovations | Strong Store Sales | Ranked #1 in Texas for Site Visits -Placer.ai
Investment highlights
- SINGLE TENANT PIZZA HUT LOCATION: 2,835-SF on a 0.59 acre lot with 39 parking spaces, full service dining room and lighted pylon sign.
- ABSOLUTE NET LEASE: 2023 renovations with just over 12 years remaining on the original Absolute Net lease after an early extension. No landlord responsibilities.
- RENTAL INCREASES IN EACH OPTION: 10% rental increases in each of four, 5-year renewal options.
- FRANCHISEE GUARANTEE: Lease is guaranteed by Ayvaz Pizza, the second-largest Pizza Hut franchisee in the United States, operating hundreds of locations across 10 states.
- EXTREMELY STRONG STORE PERFORMANCE: This location is ranked #1 in Texas and 12th in the entire US for store visits according to Placer.ai. Store sales average over $2 million for the previous two years.
- FEE SIMPLE OWNERSHIP: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.
- HIGH VISIBILITY LOCATION: Situated along E Main Street/ US-57, a major traffic artery through downtown Eagle Pass and onto the US/Mexico border seeing 23,300 vehicles per day (VPD), and easy access from all traffic directions.
- DENSE RETAIL HUB: Located near multiple national tenants including Walmart Supercenter, Lowe’s, 7 Brew, Denny’s, Starbucks, Wendy’s, Kohl’s Chick Fil A, Ross, HEB, Burlington, Hibbett, Marshalls, Sonic, Comfort Inn and more.
- HEAVY TRAFFIC CORRIDOR: Located 2 miles from the Eagle Pass International Bridge into Mexico, seeing over 5 million annual passengers. 1.5 miles from Fort Duncan Medical Center and CC Winn High School, with 2,300 students.
- STABLE DEMOGRAPHICS: The population exceeds 50,700 within 5-miles and is projected to increase by 2030. Eagle Pass receives nearly 10,000 daily visitors from across the Mexico border to shop and eat within the city limits.
Listing Contacts
Listed by Marcus & Millichap | The Patel Yozwiak Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$145,200.00
$12,100.00/mo
Valuation Metrics
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DSCR
6.18%
Cap Rate
6.18%
ROI
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