427 Andrews Hwy Midland, TX 79701
- Commercial real estate
- 1,963 SF
- 0.47 lot acres
Current Use by Public Records
- Pizza Hut / Pizza Restaurant / Pizza Takeout
Property Details for 427 Andrews Hwy
- Year built
- 1964
- Lot size
- 0.47 lot acres
- Property size
- 1,963 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 100% occupied Pizza Hut restaurant located at 427 Andrews Hwy, Midland, TX 79701. The property boasts 1,963 square feet situated on a 0.47-acre lot. Built in 1964, this single-tenant retail building operates under an Absolute NNN lease, minimizing landlord responsibilities. The current asking price is $1,265,000, translating to a compelling price per square foot of $644.42 and a strong 6.00% capitalization rate. The property generates a substantial Net Operating Income (NOI) of $75,909 annually. This established Pizza Hut location benefits from its strategic position in Midland County, Texas, within a thriving commercial area. The property's strong performance and favorable lease terms make it an attractive addition to any investment portfolio seeking stable cash flow and significant return on investment. The property's size and location offer potential for future growth and appreciation. This is a rare opportunity to acquire a well-established, high-performing QSR property in a desirable Texas market. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.10371
- Latitude
- 31.9967877
