For Sale
$1,265,000

427 Andrews Hwy Midland, TX 79701

High-yield QSR in prime location.

Overview

Added:
Dec 11, 2024
Days on market:
133
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.

Highlights

  • $1,265,000 asking price for this 1,963 SF Pizza Hut.
  • Absolute NNN lease.
  • Located at 427 Andrews Hwy, Midland, TX 79701 on a 0.47-acre lot.
  • 6.00% cap rate with a $75,909 NOI.
  • 100% occupancy.
  • $644.42 price per square foot.

Property Details for 427 Andrews Hwy

Property type
Retail properties, Restaurants
Square Feet
1,963 SF
Year Built
1964
Lot Size (sq. ft)
20,473 SF

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
31.9967877
Longitude
-102.10371

FAQs

What type of property is this?
Retail property - High-yield QSR in prime location.
Where is the retail property located?
The property is located at 427 Andrews Hwy Midland, TX.
What is the asking price?
The asking price for this property is $1,265,000.
What are key features of this property?
This property features: $1,265,000 asking price for this 1,963 SF Pizza Hut.; Absolute NNN lease.; Located at 427 Andrews Hwy, Midland, TX 79701 on a 0.47-acre lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
427 Andrews Hwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message