Pizza Hut

427 Andrews Highway, Midland, TX 79701

$1,182,000

Cap Rate 6.50%

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DOM: 101 Updated: 07.23.25 Posted: 07.23.25 Status: Active 07.23.25

Summary

Price $1,182,000	Built/Renov 1964	Tenant Pizza Hut
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 1,963	Lease Start 10-30-2018	#Units 20,000
Price/SF $602.14	Expiration 10-29-2033	Tenant Type Fast Casual/Rest.
NOI $76,857	R. Term 7.12	Ownership Fee Simple
Rent/SF $39.15	Increases 1.3%/8/yrs	Pop 5Mi 135,524
Lot/AC 0.50	Options 4/5yrs/1.25%	AHHI 5Mi $121,568

Highlights

8 Years Remaining on Lease | 4 (5-Year) Options to Extend | Strong Sales Performance Above AUV
Lease features 1.25% Annual Rent Increases
Absolute NNN | Zero Landlord Responsibilities
Franchisee-Guaranteed Lease (200+ Units)

Location Description

Pizza Hut is strategically located along Andrews Highway (27,300 VPD) in the heart of Midland’s primary retail corridor, adjacent to a Planet Fitness–anchored center with national tenants including McDonald’s, Harbor Freight, Dollar Tree, and O’Reilly Auto Parts. The property is surrounded by a mix of established retail, dining, and service businesses that drive strong consumer traffic. Less...

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Key Features

Re-purpose building
Hard corner intersection
Near major nationals
Freeway close
Dense 100M+ pop 5 mi
Population increase trend
Long 15+ yr lease
Favorable NN+ lease
Subsidiary guarantee
Top franchise operator

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Links

Pizza Hut Wikipedia Pizza Hut Wikipedia Midland, Texas Zip Code 79701 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Pizza Hut
Guarantor:Corp T and Rated
Company:Yum! Brands, Inc.
# Units:20,000
Tenant S&P: BB+
Moody’s: Ba2
Stock: NYSE: YUM

About Tenant

Pizza Hut is an American restaurant chain and international franchise that specializes in the sale of ready-to-eat pizza products and operates in the delivery, carryout, and casual dining...

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Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	9,771	86,111	140,624
2025 Total Population :	9,813	84,144	135,503
2025 Employed Civilian Pop :	5,568	47,972	78,067
2025 Total Businesses :	722	4,674	6,082
2025 Average Household Income :	$ 115,006	$ 107,843	$ 123,437
2025 Total Consumer Spending :	$ 369 M	$ 2927 M	$ 5406 M
2025 Median Age :	36	35	35
2025 Total Households :	3,719	31,246	50,726
2025 Pop Age 25+: Bachelor's Degree :	1,342	10,795	20,356
2025 Average Home Value :	$ 346,651	$ 317,172	$ 369,832

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Michigan Ave	Andrews Hwy	2012	3,950	0.04 mi
W Louisiana Ave	Lanham St	2002	4,930	0.14 mi
W Michigan Ave	Mariana Ave	2002	890	0.15 mi
W Illinois Ave	E Cir Dr	2002	10,700	0.16 mi
W Michigan Ave	N Garfield St	2015	3,372	0.19 mi
W Ohio Ave	N Kent St	2007	5,320	0.20 mi
Andrews Highway	W Illinois Ave	2022	25,895	0.21 mi
W Illinois Ave	Meta Dr	2015	10,978	0.21 mi
W Louisiana Ave	Andrews Hwy	2012	2,190	0.21 mi
W Louisiana Ave	N Kent St	2015	4,089	0.23 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

394 Listings
124624 Views
189 Sold

Patrick Luther

SRS National Net Lease Group

Contact

446 Listings
137039 Views
222 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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