427 Andrews Hwy - Restaurant FOR SALE


Midland, TX 79701
$1,182,000 USD
949-903-8099
427 Andrews Hwy, Midland, TX for Sale
$1,182,000 USD
Restaurant - FOR SALE
1/8
null | 6.5% Cap Rate

427 Andrews Hwy
Midland, TX 79701


HIGHLIGHTS

  • Franchisee Guaranteed Lease | Options To Extend | Annual Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Planet Fitness Anchored Center | Midland Memorial Hospital |Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• ADT Pizza, LLC (200+ units) guaranteed lease • 8+ years remaining with 4 (5-year) option periods to extend, demonstrating the tenant’s commitment to the site • The lease features 1.25% annual rental increases throughout the term and each option period • Very strong performing site with sales above Pizza Hut AUV | Contact listing Agent for details

FOR SALE DETAILS

PRICE

$1,182,000 USD

PRICE/SF

$448 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

RR

APN/PARCEL ID

R000020-481

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

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