1902 S Main St - Restaurant FOR SALE


Perryton, TX 79070
$2,521,440 USD
332-345-4222
1902 S Main St, Perryton, TX for Sale
$2,521,440 USD
Restaurant - FOR SALE
1/2
null | 6.25% Cap Rate

1902 S Main St
Perryton, TX 79070


HIGHLIGHTS

  • Long-Term Triple Net (NNN) Lease | The investment property is subject to a long-term, triple net (NNN) lease with 20 years remaining.
  • Strong Franchisee Guarantee | The lease is subject to a strong franchisee guarantee from Grand Mere Restaurant Group (140+ units).
  • Tax-Free Income State | Texas does not levy a state income tax, providing extra incentive to invest in the state.

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 1902 South Main Street, Perryton, Texas 79070. The site consists of roughly 4822 rentable square feet of building space on an estimated 0.83-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 $157,590 and has scheduled increases of 2.00% Annually Starting Year 7.

FOR SALE DETAILS

PRICE

$2,521,440 USD

PRICE/SF

$523 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

-

APN/PARCEL ID

315001000000000000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.