Pizza Hut | Abs NNN Lease 338 S Washington St 1,894 SF Retail Building Afton, WY 83110 $1,088,580 ($574.75/SF) 7.15% Cap Rate

Marcus & Millichap is pleased to offer Pizza Hut located at 338 S Washington Street in Afton, Wyoming, a stable, long-term absolute NNN lease investment positioned along U.S. Highway 89, the primary north–south arterial serving Star Valley and connecting Afton to major regional destinations including Jackson Hole and Salt Lake City. Offered at $1,088,580 with a 7.15% cap rate, the property delivers $77,833 in annual base rent secured by a NNN lease with ±13 years remaining and 1.5% annual rent increases, providing predictable, inflation-protected income with zero landlord responsibilities.
Built in 1984, the ±1,894 SF building sits on ±0.30 acres and benefits from strong visibility, convenient access, and consistent traffic generated by local residents, regional commuters, and year-round tourism. The tenant is an experienced franchisee operator, providing additional operational stability and performance history in a market with limited QSR competition and strong demand for convenient dining options.
Afton serves as the commercial hub of Star Valley, supported by healthcare, education, tourism, and local government employment. The surrounding trade area continues to experience steady population growth, infrastructure investment, and residential development, reinforcing long-term demand for essential retail and service-oriented uses. With a proven operating history, durable franchisee backing, and a high-yield NNN structure, this offering provides investors with a reliable, passive income stream in a supply-constrained mountain market.