About This Restaurant
Investment Highlights
Long Term Absolute Triple Net (NNN) Lease | +/- 15 Years Remaining Two (2), Five (5)-Year Tenant Renewal Options Two and One-Half Percent (2.50%) Annual Rental Increases
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Pizza Hut located at 3510 Knickerbocker Rd in San Angelo, TX. The site consists of roughly 2,651 rentable square feet of building space on estimated 0.28-acre parcel of land. This Pizza Hut is subject to a 15-year absolute triple-net (NNN) lease, which commenced September 9, 2005. The current annual rent is $75,000 and is scheduled to increase by 2.50% annually throughout the base term and in each of the 2, 5-year renewal options.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 2,651
- Building Class B
- Year Built/Renovated 1978/2004
- Price 1,304,348
- Price Per SF 492
- Cap Rate 5.75
- NOI 75,000
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.22
- Land Acres 0.28 AC
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Amenities & Transportation
| Retail | Wingstop | ||
| Retail | Planet Fitness | ||
| Retail | Starbucks | ||
| Retail | Market Street | ||
| Retail | Jason's Deli | ||
| Retail | Pure Barre | ||
| Retail | Prosperity Bank | ||
| Retail | IHOP | ||
| Retail | Texas Roadhouse | ||
| Retail | Twin Peaks |
Property Taxes
| Parcel Number | 24-44700-0001-001-50 | Improvements Assessment | $104,590 |
| Land Assessment | $176,370 | Total Assessment | $280,960 |
| Date Created: | 2024-07-16 04:23:39 | Last Updated: | 2024-07-16 04:23:39 |
| Address: | 3510 Knickerbocker Rd , San Angelo, Texas, 76904 | ||