Absolute NNN Pizza Hut
For Sale
$989,520
322 S 2nd St, Canadian, TX 79014
Long-term absolute NNN lease to Pizza Hut at 322 S 2nd St, with 1.5% annual rent increases.
Property Size2,644 SF
Price / SF$374.25
Days on Market115
Property Features for 322 S 2nd St
General Information
Standard status
Active
Size
2,644 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Amenities
Long-Term Absolute NNN Lease | ±13 Years Remaining
Established Pizza Hut Location Operated by Experienced Franchisee
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
Building Details
Building Size
2,644 SF
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: May 14
Changed: Aug 7
Last Checked: Sep 5 at 4:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a long-term absolute NNN lease opportunity with a Pizza Hut location at 322 S 2nd St, Canadian, TX. The lease features 13 years remaining on the primary term and includes 1.5% annual rent increases. The lease structure is presented as absolute NNN, with limited landlord responsibilities.
The property is positioned along U.S. Route 83, Canadian’s primary north–south arterial, where visibility and convenient access support delivery- and carryout-focused QSR activity. The tenant is backed by Grand Mere Restaurant Group, a 126-unit Pizza Hut franchisee operating across nine states, providing additional credit support for the lease.
This is offered for sale as a net-lease asset in a regional commercial corridor supported by energy activity, ranching, and local services.
The property is positioned along U.S. Route 83, Canadian’s primary north–south arterial, where visibility and convenient access support delivery- and carryout-focused QSR activity. The tenant is backed by Grand Mere Restaurant Group, a 126-unit Pizza Hut franchisee operating across nine states, providing additional credit support for the lease.
This is offered for sale as a net-lease asset in a regional commercial corridor supported by energy activity, ranching, and local services.
Key Highlights
- Long‑term absolute NNN lease to Pizza Hut at 322 S 2nd St, Canadian, TX
- Lease has 13 years of remaining primary term with rent increases of 1.5% annually
- Backed by Grand Mere Restaurant Group, a 126‑unit Pizza Hut franchisee operating across nine states
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 79014, TX
3,281
Population
1,642
Households
2
Avg Household Size
38
Median Age
25%
College-Educated
85%
High-School Grad
908.1 sq mi
ZIP Area
4
Density / Sq Mi
$72,743
Median Household Income
$39,814
Median Earnings
$950
Median Rent
$213,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Long-term absolute NNN lease to Pizza Hut at 322 S 2nd St, with 1.5% annual rent increases.
Where is this nnn property located?
The property is located at 322 S 2nd St Canadian, TX.
What is the asking price?
The asking price for this property is $989,520.
What are key features of this property?
This property features: Long‑term absolute NNN lease to Pizza Hut at 322 S 2nd St, Canadian, TX; Lease has 13 years of remaining primary term with rent increases of 1.5% annually; Backed by Grand Mere Restaurant Group, a 126‑unit Pizza Hut franchisee operating across nine states
