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Midland, TX - Pizza Hut

$1,182,000

427 Andrews Highway, Midland, TX 79701

Active
Last Updated: 06/28/2025

6.5

Cap Rate

76,857

NOI

Details:
Cap Rate:    6.5%
NOI:    $76,857
Building Size:    1,963 sqft
Lot Area:    0.5 acres
Year Built:    1964
Zoning:    RR: Regional Retail District
Description:

• ADT Pizza, LLC (200+ units) guaranteed lease
• 8+ years remaining with 4 (5-year) option periods to extend, demonstrating the tenant’s commitment to the site
• The lease features 1.25% annual rental increases throughout the term and each option period
• Very strong performing site with sales above Pizza Hut AUV | Contact listing Agent for details

• The subject property is located near a Planet Fitness anchored center that features other national/credit tenants such as Harbor Freight, McDonald’s, O’Reilly Auto Parts, Dollar Tree, and Take 5 Oil Change
• Less than one mile from Midland Memorial Hospital, a 546 bed campus
• The property is located in the center of a primary retail corridor with other national/credit tenants including Albertson’s, CVS, Walgreens, Chick-fil-A, Whataburger, Wendy’s, 7 Brew, AutoZone, and many others
• Strong tenant synergy promotes crossover shopping to the subject property

Map:
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