Pizza Hut NNN Property For Sale — Houston, TX
710 S. Wayside Drive, Houston, TX 77023
This offering presents a compelling opportunity to acquire a single-tenant Pizza Hut property in Houston, Texas. The property features a new 10-year absolute triple-net (NNN) sale-leaseback with no landlord responsibilities. The lease includes attractive rent escalations, with a 10% increase in years 6-10 and the first option term, followed by an 8% increase every four years for subsequent options. The tenant, AIGP, LLC, is an experienced Pizza Hut operator. Located in the vibrant East End of Houston, a city known for its diverse economy and dynamic growth, the property benefits from a strong retail presence and proximity to major universities. Houston is a leading destination for investors due to its superior infrastructure, reasonable cost of living, and diverse industries.
- Address: 710 S. Wayside Drive, Houston, TX 77023
- Asking price $1.30M
- 5.77% cap rate
- NOI $75,000
- 10 years remaining
- NNN lease
- Year built: 1974
- Building size: 3,051 SF
- Lot size: 0.53 acres
- Rent increases: Year 6: 10% increase; Option 1 (Years 11-15): 10% increase; Option 2-5: 8% increase every four years
- Guarantor: Corporate
Location
This Pizza Hut property is at 710 S. Wayside Drive in Houston, Texas.
Asset type: Retail, Free-Standing Restaurant