427 Andrews Hwy - Restaurant FOR SALE


Midland, TX 79701
$1,280,950 USD
332-345-4222
427 Andrews Hwy, Midland, TX for Sale
$1,280,950 USD
Restaurant - FOR SALE
1/2
null | 6% Cap Rate

427 Andrews Hwy
Midland, TX 79701


HIGHLIGHTS

  • Strong Unit Performance with Low Rent-to-Sales Ratio
  • Strong Franchise Guarantee - Lease guaranteed by ADT Pizza, LLC which operates over 200 locations throughout the Southeast and Texas
  • Absolute Triple Net (NNN) Lease with Attractive Annual Rent Increases
  • Adjacent to Midland Memorial Hospital with Over 2,500 Employees
  • Affluent Surrounding Demographics with Average Household Income Exceeding $102,000

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,280,950 USD

PRICE/SF

$485 USD /SF

CAP RATE

6%

% 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

1964

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

LR2

APN/PARCEL ID

R000020-481

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.