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