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Pizza Hut 427 Andrews Hwy

2,639 SF Retail Building Midland, TX 79701 $1,921,569 CAD ($728 CAD/SF) 5.75% Cap Rate

Restaurants Texas Midland 427 Andrews Hwy, Midland, TX 79701

Investment Highlights

  • Strong Unit Performance
  • Absolute Triple Net (NNN) Lease with Attractive Annual Rent Increases
  • Strong Franchise Guarantee

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 427 Andrews Highway, Midland, TX 79701. The site consists of roughly 2,639 rentable square feet of building space on an estimated 0.5-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which commenced 10/29/2018. The current annual rent is $76,857 and has scheduled increases of 1.25% annually.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,639 SF
Building Class
C
Year Built
1964
Price
$1,921,569 CAD
Price Per SF
$728 CAD
Cap Rate
5.75%
NOI
$110,490 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.50 AC
Zoning
LR2
Parking
15 Spaces (5.68 Spaces per 1,000 SF Leased)
Frontage
48 ft on Andrews Hwy

Amenities

  • Bus Line
  • Pylon Sign
  • Restaurant
  • Signage
1 of 1
427 Andrews Hwy, Midland, TX - aerial map view
Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

7 Brew Coffee
Sunbelt Rentals
Rosa's Cafe
9round Fitness
Truist
United Supermarkets
Buddy's Home Furnishings
Planet Fitness
CrossFit

PROPERTY TAXES

Parcel Number R000020-481 Improvements Assessment $298,868 CAD
Land Assessment $94,576 CAD Total Assessment $393,444 CAD

PROPERTY TAXES

Parcel Number
R000020-481
Land Assessment
$94,576 CAD
Improvements Assessment
$298,868 CAD
Total Assessment
$393,444 CAD
(332) 345-4222

Contacts

  • Listing ID: 34414516

  • Date on Market: 2025-01-08

  • Last Updated:

  • Address: 427 Andrews Hwy, Midland, TX 79701

The Retail Property at 427 Andrews Hwy, Midland, TX 79701 is currently available for sale. Contact NNN Pro Group for more information.

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427 Andrews Hwy, Midland, TX for sale Primary Photo- Image 1 of 3
Pizza Hut - 427 Andrews Hwy, Midland, TX Main
427 Andrews Hwy, Midland, TX for sale Aerial- Image 2 of 3
Pizza Hut - 427 Andrews Hwy, Midland, TX Aerial

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Pizza Hut | 427 Andrews Hwy
(332) 345-4222 x

Pizza Hut | 427 Andrews Hwy

1/3

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Kenneth Tamres

(703) 408-1577

(703) 408-1577

David Weber

(703) 783-6151

(703) 783-6151

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