1020 Eldridge Rd - Restaurant FOR SALE


Sugar Land, TX 77478- Sugar Creek
$1,413,451 USD
813-697-1255
1020 Eldridge Rd, Sugar Land, TX for Sale
$1,413,451 USD
Restaurant - FOR SALE
1/9
null | 5.65% Cap Rate

1020 Eldridge Rd
Sugar Land, TX 77478
Sugar Creek


HIGHLIGHTS

  • Attractive Rent Increases
  • Strong Operator
  • Zero Landlord Responsibilities
  • Strategic Location
  • High Traffic Counts
  • Outstanding Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a Pizza Hut located at 1020 Eldridge Road in Sugar Land, Texas (the “Property”). Pizza Hut consists of a single-story 1,456 square foot building on a 0.40-acre parcel and has 15+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 10% rent increases every five years throughout the base term and at the start of each renewal option. Pizza Hut is well located along Eldridge Road, one of the area’s primary commercial and commuter corridors. The Property is close to national and local retailers, large industrial complexes, and warehouses, all of which drive traffic to the area. Pizza Hut is also surrounded by densely populated residential neighborhoods and more than 10 area schools that provide a built-in and captive customer base. The Property is close to the area’s primary roadways including US Alt Route 90, Interstate 69, and TX Routes 6 and 8. Sugar Land is approximately 20 miles southwest of downtown Houston, and its proximity to the city has facilitated its growth as a desirable place to do business and a sought-after and growing residential community.

FOR SALE DETAILS

PRICE

$1,413,451 USD

PRICE/SF

$1,069 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,467 SF

ZONING

-

APN/PARCEL ID

2899-01-001-0011-907

ASK ABOUT THIS PROPERTY

Chris KingHorvath & TremblayMore Info
813-697-1255

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Chris KingHorvath & TremblayMore Info
813-697-1255

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.