Pizza Hut
Absolute NNN Investment with Long-Term Lease & Strong Freeway Visibility
Marketing description
Located at the signalized interchange of S. Akers Street and State Route 198 in Visalia, this absolute NNN-leased Pizza Hut offers a rare opportunity for true passive ownership with zero landlord responsibilities. The property is secured by a newly executed 15.5-year lease with four 5-year renewal options and features 10% rent increases every five years, providing strong long-term income growth and inflation protection. Backed by Southern PacPizza, a highly experienced franchise operator, and supported by the globally recognized Yum! Brands platform, the asset benefits from over two decades of operating history and a recession-resistant quick-service restaurant category. Positioned along a high-traffic freeway off-ramp with approximately 62,800 vehicles per day and surrounded by national retailers and hotels, the site captures both commuter and destination traffic within one of Visalia’s primary retail corridors, delivering stable and durable cash flow in a growing Central Valley market.
Investment highlights
- True Passive Ownership - Structured as a genuine Absolute Triple Net lease (NNN), the tenant assumes full responsibility for all real estate taxes, insurance, and maintenance, both structural and non-structural, providing zero management responsibilities.
- Long Term Lease - Recently executed 15.5-year lease term with 4 (four) five-year renewal options, signaling long-term tenant commitment and stability.
- Healthy Rental Increases - 10% rent escalations every five years drive meaningful NOI growth over the hold period, enhance exit valuation potential, and provide a natural hedge against inflation.
- Nationally Recognized Brand - Pizza Hut / Yum! Brands - Pizza Hut is second-largest pizza concepts in the world, with approximately 19,000+ locations across 110 countries & territories.
- Elite Franchise Operator & Guarantor - Southern PacPizza, the operator, is one of the most established Pizza Hut franchisee groups in the system, with 77 locations and nearly 30 years of operating history. Southern PacPizza guarantees and manages 24 units across Southern California and has demonstrated consistent, long-term operational stability across multiple California markets.
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