Pizza Hut Restaurant
For Sale
Contact for pricing
9541 East Truman Road, Independence, MO 64052
2,400 SF Pizza Hut is offered for sale with below-market rent at $10.80/SF.
Property Size2,400 SF
Price / SF$164.58
Days on Market74
Property Features for 9541 East Truman Road
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$25,920
Building Details
Year Built
1980
Year Renovated
2021
Tenancy
Single
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #CQ1059597
(949) 942-6585
Source:
Crexi
Added: Jul 2
Changed: Sep 11
Last Checked: Sep 13 at 7:51AM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
This offering includes a 2,400 SF Pizza Hut restaurant property for sale. The investment is currently under contract with significantly below-market rent of $10.80/SF, creating room for upward rent adjustment based on its current rent positioning.
The property is located at 9541 East Truman Road in Independence, Missouri. As a national brand unit, the asset benefits from tenant continuity through the Pizza Hut operation.
For investors or owner-users seeking a single-tenant restaurant asset, this Pizza Hut location presents a straightforward, income-focused profile supported by its existing below-market rent structure.
The property is located at 9541 East Truman Road in Independence, Missouri. As a national brand unit, the asset benefits from tenant continuity through the Pizza Hut operation.
For investors or owner-users seeking a single-tenant restaurant asset, this Pizza Hut location presents a straightforward, income-focused profile supported by its existing below-market rent structure.
Key Highlights
- 2,400 SF Pizza Hut for sale at 9541 East Truman Road in Independence, MO
- Year built: 1980
- Below‑market rent of $10.80/SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,178
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$663,560
$663.6K
Cap Rate 7%
$473,971
$474.0K
Cap Rate 9%
$368,644
$368.6K
Market Conditions
NOI Build-Up for 2,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.1K $19.20/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$44.2K $18.43/SF
− OpEx
−$11.1K −$4.61/SF
NOI
$33.2K $13.82/SF
Area
Independence, MO
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$663,560
Cap Rate 7%
$473,971
Cap Rate 9%
$368,644
Alternative Uses
Best Use
Specialty Retail
$474.0K
$414.7K – $553.0K
NOI $33,178 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$709.3K
$620.6K – $827.5K
NOI $49,651 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
Pizza Hut
Dining
3,632 visits/mo
0.0 miles
BP
Shops & Services
3,316 visits/mo
0.3 miles
Demographics for 64052, MO
22,204
Population
10,570
Households
2.1
Avg Household Size
38
Median Age
15%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,524
Density / Sq Mi
$56,981
Median Household Income
$35,931
Median Earnings
$1,105
Median Rent
$131,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - 2,400 SF Pizza Hut is offered for sale with below-market rent at $10.80/SF.
Where is this conventional restaurant located?
The property is located at 9541 East Truman Road Independence, MO.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,400 SF Pizza Hut for sale at 9541 East Truman Road in Independence, MO; Year built: 1980; Below‑market rent of $10.80/SF
