About This Restaurant
Investment Highlights
Absolute NNN Lease Pizza Hut - 4+ Years Remaining on Lease Zero Landlord Responsibilities - Tenant Pays Taxes/Insurance Directly Corner Lot on .516 Acres - Great Access With Ample Parking Lease Features Attractive 5% Increases Every 5 Years Located Along Retail Corridor - Surrounded by National/Regional Credit Tenants Sweetwater is Located Along Interstate 20 just 40 Miles West of Abilene
Executive Summary
Very Recently Renovated! A wonderful opportunity to acquire an Absolute NNN Leased Pizza Hut in Sweetwater, Texas. The subject property is located along Broadway Avenue ,8,000 VPD, in Sweetwater, Texas. This area is surrounded by other local, regional, national, credit tenants as well as Sweetwater Intermediate School and Sweetwater Middle School. Sweetwater is the largest city and county seat of Nolan County located directly off Interstate 20 about 30 Miles West of Abilene. 4 plus remaining years on current lease with an option to renew another 5 years with a 5 percent increase.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food Restaurant
- Building Size 3,088
- Building Class C
- Year Built 1975
- Price 910,000
- Price Per SF 295
- Cap Rate 6.44
- NOI 58,621
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.14
- Land Acres 0.52 AC
Amenities
- Corner Lot
- Restaurant
| Date Created: | 2024-07-16 04:23:42 | Last Updated: | 2024-07-16 04:23:42 |
| Address: | 800 E Broadway St , Sweetwater, Texas, 79556 | ||