Pizza Hut 1020 Eldridge Rd 1,456 SF Retail Building Sugar Land, TX 77478 $1,790,206 CAD ($1,229.54 CAD/SF) 6.25% Cap Rate

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a Pizza Hut located at 1020 Eldridge Road in Sugar Land, Texas (the “Property”). Pizza Hut consists of a single-story 1,456 square foot building on a 0.40-acre parcel and has 14+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 10% rent increases every five years throughout the base term and at the start of each renewal option.
Pizza Hut is well located along Eldridge Road, one of the area’s primary commercial and commuter corridors. The Property is close to national and local retailers, large industrial complexes, and warehouses, all of which drive traffic to the area. Pizza Hut is also surrounded by densely populated residential neighborhoods and more than 10 area schools that provide a built-in and captive customer base. The Property is close to the area’s primary roadways including US Alt Route 90, Interstate 69, and TX Routes 6 and 8. Sugar Land is approximately 20 miles southwest of downtown Houston, and its proximity to the city has facilitated its growth as a desirable place to do business and a sought-after and growing residential community.