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Pizza Hut 1902 S Main St 4,822 SF Retail Building Perryton, TX 79070 $3,104,364 CAD ($643.79 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Triple Net (NNN) Lease | The investment property is subject to a long-term, triple net (NNN) lease with 20 years remaining.
- Tax-Free Income State | Texas does not levy a state income tax, providing extra incentive to invest in the state.
- Strong Franchisee Guarantee | The lease is subject to a strong franchisee guarantee from Grand Mere Restaurant Group (140+ units).
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 1902 South Main Street, Perryton, Texas 79070. The site consists of roughly 4822 rentable square feet of building space on an estimated 0.83-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 $157,590 and has scheduled increases of 2.00% Annually Starting Year 7.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,822 SF
Building Class
B
Year Built
2008
Price
$3,104,364 CAD
Price Per SF
$643.79 CAD
Cap Rate
7%
NOI
$217,306 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.83 AC
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 315001000000000000 | Improvements Assessment | $373,946 CAD |
| Land Assessment | $63,635 CAD | Total Assessment | $437,580 CAD |
PROPERTY TAXES
Parcel Number
315001000000000000
Land Assessment
$63,635 CAD
Improvements Assessment
$373,946 CAD
Total Assessment
$437,580 CAD
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Pizza Hut | 1902 S Main St
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