Pizza Hut – Independence, MO

Pizza Hut
9541 E Truman Rd, Independence, MO, USA

We are pleased to exclusively offer for sale the 2,400 SF Pizza Hut Absolute NNN located at 9541 East Truman Road in Independence, MO. This investment features significantly below-market rent of just $10.80/SF, providing substantial rent growth potential and supporting strong unit-level profitability. With rent well below the brand’s typical occupancy cost threshold, the asset offers investors a secure, low-risk income stream backed by a proven national tenant.

  • World’s Largest Pizza Hut Franchisee – Ironclad Operator: The tenant of record is Hut Missouri LLC, a subsidiary of Flynn Restaurant Group, the single largest franchisee organization on the planet, operating 1,000+ Pizza Huts across the U.S. (representing over 15% of the entire domestic system) plus 260+ in Australia. Flynn operates approximately 2,900 franchise locations across Applebee’s, Arby’s, Taco Bell, Wendy’s, and Panera, generating $5B+ in annual sales – offering an institutional-grade operator rarely found at this price point.
  • Dramatically Below-Market Rent – Exceptional Rent-to-Sales Upside: Base rent of just $2,160/month ($25,920/year) equates to $10.80/SF on a 2,400 SF building, a figure significantly below prevailing QSR market rent in the Kansas City metro. For a unit of this size operated by a tenant generating Pizza Hut’s average AUV, implied rent-to-sales is well below the brand’s typical 8% threshold, signaling robust store-level profitability and minimal lease risk.
  • Long-Term Lease With Built-in Rent Growth and Auto-Renewal Options: The lease runs through July 31, 2030, with two additional 5-year renewal options. The first option period resets rent to $2,376/month ($28,512/year) – a built-in 10% step-up – and both options are structured to automatically exercise unless Flynn affirmatively opts out, reflecting the tenant’s long-term commitment to the site.
  • Embedded in The Kansas City MSA’s Core Eastern Spine: Independence is the fourth-largest city in Missouri at approximately 122,000 residents and serves as
    the primary suburban anchor to the Kansas City metro (2.2M population, $169.5B GDP). The subject property fronts E. Truman Road (Missouri Route 12), the primary east-west commercial corridor through central Independence, with US Highway 24 running parallel approximately half a mile north, putting the site at the crossroads of the city’s densest daytime and residential traffic.
  • 30-Year Proven Operating History at This Location: The original lease dates to September 1994; this Pizza Hut has operated continuously at this address for over 30 years across multiple ownership and franchisee transitions. That durability through multiple economic cycles, brand changes, and corporate restructurings is the most compelling proof of concept a buyer could ask for: this unit has earned its place in the market.

In Cooperation With ParaSell, Inc. , A Licensed Missouri Broker – Lic. #2019035835 BoR: Sco Reid – Lic. MO #2019024102

Pizza Hut
9541 E Truman Rd, Independence, MO, USA

Pizza Hut

Pizza Hut was founded in 1958 in Wichita, Kansas, and is a global leader in the pizza category with nearly 20,000 restaurants in more than 110 markets and territories. The brand 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, and today Pizza Hut continues leading the way in the digital and technology space, with over half of transactions worldwide coming from digital orders. In addition, Pizza Hut has Hut Rewards®, the brand’s loyalty program in the U.S. that offers points for every dollar spent on food, any way you order. Leveraging its global presence, Pizza Hut also works to positively impact restaurant employees, the communities they serve, and the environment through commitments across three priority areas: More Equity, Less Carbon, and Better Packaging. In June 2026, it was announced that the Pizza Hut brand was sold for $2.7 Billion to LongRange Capital and Yum! China.

Price

$395,000

Cap Rate

6.56%

PREMISES

2,400 SF

YEAR BUILT

1980

RENEWAL OPTIONS

2 x 5 Year Options

Lease Expiration

07/31/2030

Lease Type

Absolute NNN

RENTAL INCREASES

10% at 1st Option / FMV at 2nd Option

BROKERS

Tyler McGarry
Los Angeles
Daniel Hoogesteger
Nashville
Adam Scherr
Los Angeles

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