820 S Highway 207 - Restaurant FOR SALE


Spearman, TX 79081
$1,452,373 USD
917-697-3215
820 S Highway 207, Spearman, TX for Sale
$1,452,373 USD
Restaurant - FOR SALE
1/3
null | 7.5% Cap Rate

820 S Highway 207
Spearman, TX 79081


HIGHLIGHTS

  • Strong Unit Level Numbers
  • Strong Guarantee by Experienced Multi-Unit Operator
  • Zero Landlord Responsibilties
  • 2% Annually Increases Starting Year 7

OVERVIEW

Surmount 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

$1,452,373 USD

PRICE/SF

$783 USD /SF

CAP RATE

7.5%

% 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

Anthony BirdSurmountMore Info
917-697-3215

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Anthony BirdSurmountMore Info
917-697-3215

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