820 Tx-207 Spearman, TX 79081
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.