Eagle Pass, TX - Pizza Hut
$1,709,000
405 S Eagle Pass Rd, Eagle Pass, TX 78852
6.5
Cap Rate
111,045
NOI
Details:
Description:
• Ayvaz Pizza, LLC (350+ Unit Operator) franchisee guaranteed lease
• The tenant, Pizza Hut, has 5-years remaining in their first option period with 1 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increase at the beggining of the option period
• The asset boasts a strong sales-to-rent ratio of 4.40%, indicating attractive income to its purchase price
• The subject property is an outparcel to Mall de las Aguilas a 250,000+ square foot shopping mall anchored by Burlington featuring many other national/credit tenants, including Bath & Body Works, Krispy Kreme Doughnuts, Ross, JCPenny, Marshalls, and more
• The Pizza Hut is located across from a 100,000+ square foot Walmart Supercenter and a Lowe’s Home Improvement with Denny’s, and Texas Roadhouse pads
• Strong tenant synergy promotes crossover shopping to the subject property
Location
Gallery
