820 S Highway 207 - Restaurant FOR SALE


Spearman, TX 79081
$1,502,455 USD
480-252-0226
820 S Highway 207, Spearman, TX for Sale
$1,502,455 USD
Restaurant - FOR SALE
1/2
null | 7.25% Cap Rate

820 S Highway 207
Spearman, TX 79081


HIGHLIGHTS

  • Strong Unit Level Numbers
  • Strong Guarantee | Lease is guaranteed by Grand Mere Restaurant Group, an experienced multi-unit operator and reputable Pizza Hut franchisee
  • Zero Landlord Responsibiltiies
  • 2% Annually Increases Starting Year 7

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 820 Texas 207, Spearman, TX 79081 . The site consists of roughly 1,854 rentable square feet of building space on an estimated 1.03-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 $108,928 and has scheduled increases of 2.00% annually starting year 7.

FOR SALE DETAILS

PRICE

$1,502,455 USD

PRICE/SF

$810 USD /SF

CAP RATE

7.25%

% 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

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

45,002 SF

ZONING

-

APN/PARCEL ID

120860890089909000000

ASK ABOUT THIS PROPERTY

Jonathan EckerdSurmountMore Info
480-252-0226

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Jonathan EckerdSurmountMore Info
480-252-0226

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