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Pizza Hut

San Angelo, Texas

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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.

About the Investment:

✓ Long Term Absolute Triple Net (NNN) Lease | +/- 15 Years Remaining
✓ Two and One-Half Percent (2.50%) Annual Rental Increases
✓ Two (2), Five (5)-Year Tenant Renewal Options
✓ Tenant Shall Invest $400,000 into Site by End of 2025
✓ Fee Simple Ownership

Key Details

Price:
$1,304,348
Cap Rate:
5.75%
Annual Rent:
$75,000
Address:
3510 Knickerbocker Rd, San Angelo, Texas 76904
Property Type:
Restaurant - Quick Service
Lease Type:
Absolute Triple Net (NNN)

Lease Commencement:
September 9, 2005
Lease Expiration:
December 31, 2038
Lease Term Remaining:
+/- 15.00 Years
Rental Increases:
2.50% Annually
Lot Size:
+/- 0.28 Acres
Building Size:
2,651 SF
Year Built:
1978
Year Renovated:
2004
Tenant:
Pizza Hut

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Russell Wachtler

License: 10401294048

Edward DeMatteis

Broker of record

Brian Brockman

Bang Realty-Texas, Inc

License: 701472


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