Property History
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.
- Long-Term Absolute NNN Lease | ±13 Years Remaining
- Established Pizza Hut Location Operated by Experienced Franchisee (±126‑Units)
- Prime Position Along U.S. Route 83 | Canadian’s Main Commercial Corridor
- Stable Rural Market Supported by Energy, Ranching & Local Services
- High-Performing Trade Area With Strong Household Incomes
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.
- Long-Term Absolute NNN Lease | ±13 Years Remaining
- Established Pizza Hut Location Operated by Experienced Franchisee (±126‑Units)
- Prime Position Along U.S. Route 83 | Canadian’s Main Commercial Corridor
- Stable Rural Market Supported by Energy, Ranching & Local Services
- High-Performing Trade Area With Strong Household Incomes
Single Tenant Absolute NNN in Canadian, TX
Strong Corridor with National Credit Presence
Located on US Hwy 83
O’Reilly Auto Parts Outparcel
Signalized Hard Corner Intersection
14+ Years Remaining
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
Does any data look off? Help us improve Crexi by offering your feedback!
