Pizza Hut NNN
New
For Sale
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427 Andrews Highway, Midland, TX 79701
Freestanding restaurant asset subject to a long-term triple-net lease with scheduled annual increases.
Property Size1,963 SF
Lot Size0.50 Acres
Price / SF$495.53
Days on Market7
Property Features for 427 Andrews Highway
General Information
Standard status
Active
Size
1,963 SF
Lot size
0.50 Acres
Property subtype
Retail
Net Operating Income
$77,718
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 14 at 5:22AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This NNN property includes a 1,963-square-foot Pizza Hut restaurant building on an approximately 0.50-acre parcel. The offering is structured as a leased restaurant asset rather than an owner-user opportunity, with the existing lease providing a defined contractual term and annual increases.
The property is located at 427 Andrews Highway in Midland, Texas. The original 15-year triple-net lease began in October 2018, with 7 years remaining in the primary term and 1.25% annual contractual increases during that period.
The property is located at 427 Andrews Highway in Midland, Texas. The original 15-year triple-net lease began in October 2018, with 7 years remaining in the primary term and 1.25% annual contractual increases during that period.
Key Highlights
- 1,963‑square‑foot Pizza Hut restaurant building
- Approximately 0.50‑acre parcel
- Original 15‑year triple‑net lease commenced in October 2018
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,445
Businesses Nearby
233k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Groceries 15%
Shops & Services 8%
Home Improvements & Furnishings 8%
Chick-fil-A
Dining
39,978 visits/mo
0.5 miles
United Supermarkets
Groceries
30,411 visits/mo
0.4 miles
Rosa's Cafe
Dining
28,707 visits/mo
0.4 miles
Whataburger
Dining
23,665 visits/mo
0.2 miles
Westlake Ace Hardware
Home Improvements & Furnishings
18,285 visits/mo
0.5 miles
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding restaurant asset subject to a long-term triple-net lease with scheduled annual increases.
Where is this nnn property located?
The property is located at 427 Andrews Highway Midland, TX.
What is the asking price?
The asking price for this property is $972,727.
What are key features of this property?
This property features: 1,963‑square‑foot Pizza Hut restaurant building; Approximately 0.50‑acre parcel; Original 15‑year triple‑net lease commenced in October 2018
