Pizza Hut Ground Lease
For Sale
Contact for pricing
16166 Rippling Water Dr, Houston, TX 77084
17-year Pizza Hut ground lease on a pad site with building improvements and two potential termination dates.
Property Size1,728 SF
Lot Size0.31 Acres
Days on Market121
Property Features for 16166 Rippling Water Dr
General Information
Standard status
Active
Size
1,728 SF
Lot size
0.31 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Partners Houston
Listed By:
Jason Ridenbaugh · License #FLBO
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 2:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Partners Houston
Investment Insights
Based on property information with market context.
This offering is a Pizza Hut carryout and delivery ground lease with 17 years remaining, placed on a +/- 13,436 SF pad site. The property includes approximately 1,728 SF of building improvements. The lease features 10% increases in years 2027 and 2032, along with two termination options scheduled for 2027 and 2032. Pizza Hut has been operating at the location for more than 27 years.
The site is located across from an H-E-B along Highway 6 North in the Bear Creek/Copperfield area. It is surrounded by numerous residential neighborhoods, apartments, and national retailers.
RTL Foods executed its option in August 2020, two years early, and is the current operator at the site. RTL is an experienced multi-unit restaurant operator with 56 Pizza Hut stores in Houston and Dallas, and more than 100 KFC and Taco Bell restaurants.
The site is located across from an H-E-B along Highway 6 North in the Bear Creek/Copperfield area. It is surrounded by numerous residential neighborhoods, apartments, and national retailers.
RTL Foods executed its option in August 2020, two years early, and is the current operator at the site. RTL is an experienced multi-unit restaurant operator with 56 Pizza Hut stores in Houston and Dallas, and more than 100 KFC and Taco Bell restaurants.
Key Highlights
- 17‑year Pizza Hut ground lease on a +/-13,436 SF pad site with approx. 1,728 SF of building improvements
- 10% lease increases scheduled for years 2027 and 2032
- Two tenant termination options: one in 2027 and one in 2032
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77084, TX
109,808
Population
39,087
Households
2.8
Avg Household Size
34
Median Age
30%
College-Educated
84%
High-School Grad
31.7 sq mi
ZIP Area
3,464
Density / Sq Mi
$76,327
Median Household Income
$39,937
Median Earnings
$1,522
Median Rent
$232,600
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - 17-year Pizza Hut ground lease on a pad site with building improvements and two potential termination dates.
Where is this conventional restaurant located?
The property is located at 16166 Rippling Water Dr Houston, TX.
What are key features of this property?
This property features: 17‑year Pizza Hut ground lease on a +/-13,436 SF pad site with approx. 1,728 SF of building improvements; 10% lease increases scheduled for years 2027 and 2032; Two tenant termination options: one in 2027 and one in 2032
