September 22, 2022 – Jason Woods and Chris King of Horvath & Tremblay have successfully completed the sale of a Pizza Hut in Sugar Land, Texas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,496,907.
Pizza Hut is located at 1020 Eldridge Road in Sugar Land, Texas. The stand-alone building consists of 1,456 square feet and sits on a 0.40-acre lot. Pizza Hut has 18+ years remaining on their Triple Net (NNN) Lease with four (4) 5-Year renewal options. The lease calls for 10% rent increases every 5-years throughout the base term and at the start of each renewal option period. The property is well located along Eldridge Road, one of the area’s primary commercial corridors, and backs up to the Sugar Land Industrial & Business Corridor which is home to more than fifty businesses and thousands of employees. Additionally, Pizza Hut is within 1-mile of ten (10) area schools, providing a strong, built-in customer base. Sugar Land is the largest city and economic center of Fort Bend County, located in the southwestern part of the Houston–The Woodlands–Sugar Land metropolitan area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.