Current Use by Public Records
- Retail properties & Spaces
Property Details for 820 Tx-207
- Year built
- 2005
- Lot size
- 1.04 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 820 TX-207 in Spearman, Texas, 79081. The property boasts a strong location on a major thoroughfare (TX-207) within a high-traffic corridor. Built in 2005, this 2,161 square foot building sits on a 1.04-acre lot and is currently 100% occupied by a national credit tenant, Pizza Hut. The lease features a remaining term of 14.7 years with attractive 1.50% annual rent increases, providing consistent and predictable cash flow. The asking price is $1,507,000, representing a price per square foot of $697.36 and a 6.00% capitalization rate. The property's Net Operating Income (NOI) is $90,420. This is a rare opportunity to acquire a well-established, low-maintenance, and high-performing investment property with significant long-term growth potential. The single-story building offers a straightforward investment structure with minimal management responsibilities. The property's location and the strength of the tenant combine to create a compelling investment proposition. This is a turnkey investment ideal for passive income seekers.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spearman
- County
- Hansford
- State
- Texas
- Longitude
- -101.206
- Latitude
- 36.1891
