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Pizza Hut, Simmons Floorcovering
400 North Loop 288 - Denton, TX 76209
Sands Investment Group is Pleased To Exclusively Offer For Sale the 18,100 SF Market Square Shopping Center Asset on North Loop 288 in Denton, Texas. This is a Rare Value Add Opportunity in The Dallas-Fort Worth Metroplex With Low in-Place Rent and Short Term Leases
- Low in-Place Rent of $16.40/SF vs $20/SF Market Rate
- Value-Add DFW Neighborhood Strip Center
- Good Demos: 68,859 3-Mile Population With $78,388 Average Income
- Strong Traffic With Loop 288 Seeing 33,000+ VPD
- Significant Retail and Multi-Family Development on the Intersection of E McKinney St and Loop 288
- Center Has Ideal Frontage, Visibility, and Access
- Ability to Convert Tenants to NNN as Leases Roll
- Property Has Not Traded in Over 30 Years and Has Little to No Deferred Maintenance
In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481
Pizza Hut, Simmons Floorcovering
400 North Loop 288 - Denton, TX 76209
SIMMONS FLOOR COVERING & SUPPLY
Our showrooms are staffed with flooring experts who go through continuous training to understand consumer needs, recommend the best possible floor choice based on your needs, lifestyle, and budget. We have a state-of-the-art website where you can view flooring options and get information on how to select a new floor when you want, and where you want. We carry many products that are “Made in the USA. We offer complimentary measures and stay with you every step of the way from selection to installation. We use brands that are UL Greenguard and Cradle to Cradle certified. The Good Contractors List gives customers added peace of mind that their flooring project or remodel is guaranteed.
PIZZA HUT
Pizza Hut, a subsidiary of Yum! Brands, Inc. (NYSE: YUM), was founded in 1958 in Wichita, Kansas and since then has earned a reputation as a trailblazer in innovation with the creation of icons like Original® Pan and Original® Stuffed Crust pizzas. In 1994, Pizza Hut pizza was the very first online food order. Today, Pizza Hut continues leading the way in the digital and technology space with over half of transactions worldwide coming from digital orders. Pizza Hut is committed to providing an easy pizza experience – from order to delivery – and has Hut Rewards®. Hut Rewards is open to U.S. residents 18+. See applicable terms at https://hutrewards.pizzahut.com/terms/. A global leader in the pizza category, Pizza Hut operates more than 19,000 restaurants in more than 100 countries.
Similar Listings
Price
$3,150,000
Cap Rate
7.37%
PREMISES
18,100 SF
RENEWAL OPTIONS
Varies
Lease Expiration
Varies
Lease Type
Varies
RENTAL INCREASES
Varies
BROKERS
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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