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Property Overview

Price/Rent PSF $ 1,740,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 2,471
Date Available 12/11/2020
Additional URL Link
Floors 1
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Description

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.

Sale
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

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