427 Andrews Hwy - Restaurant FOR SALE


Midland, TX 79701
$972,727 USD
910-670-9153
427 Andrews Hwy, Midland, TX for Sale
$972,727 USD
Restaurant - FOR SALE
1/2
null | 8% Cap Rate

427 Andrews Hwy
Midland, TX 79701


HIGHLIGHTS

  • Bite-Size Investment Opportunity
  • Experienced Multi-Unit Franchisee
  • 7+ Years of Lease Term Remaining
  • Prominent Andrews Highway Exposure

OVERVIEW

SURMOUNT is pleased to present the exclusive listing of a Pizza Hut located at 427 Andrews Highway in Midland, Texas. The offering consists of a 1,963-square-foot building situated on an approximately 0.50-acre parcel. The property is subject to an original 15-year triple-net lease that commenced in October 2018 and currently generates $77,818 in annual rent, with contractual increases of 1.25% annually throughout the remaining 7 years primary term.

FOR SALE DETAILS

PRICE

$972,727 USD

PRICE/SF

$496 USD /SF

CAP RATE

8%

% 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

20

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

RR

APN/PARCEL ID

R000020-481

ASK ABOUT THIS PROPERTY

Vincenzo RendaSurmountMore Info
910-670-9153

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Vincenzo RendaSurmountMore Info
910-670-9153

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