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Gatti's Pizza

2665 Buffalo Gap Road, Abilene, TX 79605

Last Updated: 11/21/2016
Property Type:Retail
Year Built:1961
Class:C
Size:23,895 SF
1 of 4
2665 Buffalo Gap Road, Abilene, TX 79605

Building Overview

Building Description

View Offering Memorandum: http://info.stanjohnsonco.com/Gattis-Pizza-Abilene-TX-Retail.html?utm_medium=listing&utm_source=realmassive&utm_campaign=Gattis-Pizza-Abilene-TX-Retail-realmassive&utm_content=link Stan Johnson Company is pleased to offer the opportunity to purchase the net-leased fee interest in the commercial building occupied by Gatti's Pizza (Gatti's) located in Abilene, Texas. • 15-Yr Absolute NNN Lease: Zero LL responsibility • 47+ Yr Operator w/ Expanding Footprint: Nearly 100 locations across 13 states • Broad Regional Draw: Largest retail hub in an 80-mi radius • Credit Enhancement: Personal guarantee by the operator • Proximity to Top Economic Driver: Dyess Air Force Base, just ± 5 mi away, has annual economic impact of $433M • Target Demographics: Population of 108,900+; Avg. Household Income of $58,890+ (5-mi radius) Operating for more than 47 years, Texas-based Gatti's continues to expand its popular concept with nearly 100 restaurants across 13 US states. The company reports more than $100 million in annual revenue. In July 2016, the chain debuted their first updated prototype in Richardson, Texas with more units forecast to open by year end. The City of Abilene, Texas, is located approximately 180 miles due west of the Dallas/Fort Worth Metroplex. Situated adjacent to Interstate 20, Abilene is the center of a 22-county area commonly referred to as the Texas Midwest or the Big Country. Abilene serves as the county seat for Taylor County, an area with a population of approximately 136,000, 120,373 of which live within the Abilene city limits. Abilene is home to Dyess Air Force Base, a 6,409-acre base with over 14,470 military and civilian personnel. With a total economic impact of over $433 million annually on the local community, it is the single-largest employer in the area. Abilene is the largest shopping destination and retail hub in a 19-county trade area attracting consumers from over 80 miles away with total annual retail sales of $2.8 billion.

Building Details

Property Type:Retail
Year Built:1961
Class:C
Size:23,895 SF
Build Status:Existing
Signage:Pylon Signage; Drive Thru; Family Entertainment Center
Tenancy:Single Tenant
Lot Size:3 SF

Location

2665 Buffalo Gap Road, Abilene, TX 79605

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