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Pizza Hut - Independence, MO 9541 E Truman Rd 2,400 SF Retail Building Independence, MO 64052 $561,176 CAD ($233.82 CAD/SF) 6.56% Cap Rate
Investment Highlights
- The tenant of record is Hut Missouri LLC, a subsidiary of Flynn Restaurant Group, the single largest franchisee organization on the planet.
- 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).
- The original lease dates to September 1994; this Pizza Hut has operated continuously at this address for over 30 years across multiple ownership.
- 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.
- Independence is the fourth-largest city in Missouri at approximately 122,000 residents and serves as the primary suburban anchor to the Kansas City.
Executive Summary
In Cooperation With Sands Investment Group Missouri, LLC - Lic. #2019044754 BoR: Tom Gorman - Lic. MO #2023012377
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- 2,400 SF
- $15.34 CAD
- Jul 2030
Pizza Hut began in 1958, when two brothers borrowed money from their mother to open a pizza place in Wichita, Kansas. The business grew from that single restaurant into a franchised brand with a broad menu centered on pizza, pasta, chicken wings, breadsticks, desserts, and delivery or carryout service. Pizza Hut later became part of Yum! Brands and continues to operate as a global restaurant system with a large franchise network across many markets. The company has also built a history around menu and service milestones, including early online ordering and signature products such as Stuffed Crust and Pan pizza.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 2,400 SF | $15.34 CAD | Jul 2030 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $123,360 CAD | |
| Land Assessment | $144,274 CAD | Total Assessment | $267,634 CAD |
Property Taxes
Presented by
Pizza Hut - Independence, MO | 9541 E Truman Rd
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