322 South 2nd Street, Canadian, TX 79014

Marcus & Millichap is pleased to offer a long‑term absolute NNN lease to Pizza Hut at 322 S 2nd St, Canadian, TX, an established Panhandle commercial corridor supported by regional highway traffic, energy activity, ranching, and local services. The property provides ±13 years of remaining primary term, backed by Grand Mere Restaurant Group, a proven ±126‑unit Pizza Hut franchisee operating across nine states. The lease includes 1.5% annual rent increases, delivering consistent income growth and fully passive ownership with zero landlord responsibilities.

Strategically positioned along U.S. Route 83, Canadian’s primary north–south arterial, the site benefits from strong visibility, convenient access, and steady traffic patterns generated by local residents, workforce housing, schools, and regional travel. The corridor is anchored by essential service businesses, hospitality, civic uses, and energy‑related employment, reinforcing stable consumer demand for delivery‑ and carryout‑oriented QSR concepts.

This long‑operating Pizza Hut location demonstrates durable performance and entrenched market presence within the Hemphill County trade area. With a 7.15% cap rate, strong franchisee guarantee, and predictable rent growth, the asset offers investors a high‑yield, low‑management net‑lease opportunity in a stable regional market with consistent economic drivers.