Pizza Hut Ground Lease
16166 Rippling Water Dr Houston, TX 77084
16166 Rippling Water Dr, Houston, TX, 77084
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For Sale
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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 Market104
Property Features for 16166 Rippling Water Dr
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Lot size
- 0.31 Acres
- Property subtype
- Retail
Listing agency
Partners Houston
Listed by
Jason Ridenbaugh · License #FLBO
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 2:53PM Checked: Jul 22 at 2:53PM
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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
Location Intelligence
Current Use by Public Records
Wing Street
Restaurant
Pizza Hut
Take-out & Catering
Similar For Sale Nearby
FAQs
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
