Available For Sale - Retail

2,471 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
2,471 SF
Price/SF
Show Pricing $
Listing ID
SA504913
Notes
Highlights

12+ years remaining on original lease term of 15-years commencing January 2020

1.25% annual rental increases beginning in lease year 6

76-unit Franchisee Guarantee

Located directly off S Saginaw Blvd with ADTC over 33,750 vehicles

Top 50 Best Brand "Multi-Brand" operator per Franchising.com

Description

Absolute NNN Pizza Hut in Saginaw, TX. The property is subject to a 15-year lease that commenced on January 1, 2020 with annual rent of $87,000 per year with 1.25% annual rental increases beginning in year six. Additionally, the tenant has four, five-year options to renew. The lease is guaranteed by a 76-unit Pizza Hut entity which is a subsidiary of Ampex Brands Services, Inc which operates various other concepts: KFC, Taco Bell, Long John Silvers, A&W, Tim Hortons, and Pizza Hut. The operator is listed as the 14th best Multi-Brand Franchisee in Franchising.com's 50 Best Brands "Multi-Brand" and operates over 409 locations throughout the continental United States.



Location

Located on Saginaw's main boulevard with over 33,750 vehicles per day. Located nine miles north of Fort Worth, TX. The subject property is well-positioned in an active retail and industrial corridor, providing this Pizza Hut location with exposure to a variety of



national retail and industrial tenants. Major national tenants in the surrounding area include: McDonald’s, Advance Auto Parts, Jack in the Box, Goodwill, Dollar General, Rent-a-Center, MetroPCS, Taco Casa, Valero, Southwest Bank, Wendy’s, Taco Bell, Days Inn, Valero, Shell, Whataburger, as well as many others. Major national industrial tenants in the area include: International Paper, Frontier Logistics, Del Monte, Ardent Mills, CTI Foods, UFP Saginaw, LLC, Standard Meat, Russo Corporation, Bana-Box, Attebury



Grain, and Northwest Pipe Company, among many others. Saginaw High School is located two miles away and has over 590 students enrolled.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jorge Jimenez, SVN