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Pizza Hut 3404 Highway 13 3,471 SF Retail Building Higginsville, MO 64037 $855,000 ($246.33/SF) 5.71% Cap Rate
Investment Highlights
- Absolute NNN lease with 12+ years remaining and 1.50% annual increases.
- New 20-year lease signed in 2018.
- Higginsville is experiencing steady population growth.
- Strong franchisee with 150+ unit guarantee (Grand Mere Restaurant Group).
- Affordable, low rent at $14.29 per square foot.
Executive Summary
Broker of Record
Chris Zoellner
Scout Realty Group LLC
MO LIC# 2019003987
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Founded in 1958 in Wichita, Kansas by brothers Dan and Frank Carney, Pizza Hut operates as a global pizza restaurant brand offering pan pizza, thin crust varieties, wings, pasta, and related menu items. The brand began franchising in 1959 and introduced its recognizable red-roof restaurant design in the 1960s. Pizza Hut expanded nationally and internationally through a predominantly franchised model, becoming one of the most recognizable names in the pizza restaurant category. Over time, Pizza Hut has shifted its operational focus toward delivery and carryout formats alongside traditional dine-in locations. The brand has also introduced menu and digital ordering updates as part of broader operational adjustments within a highly competitive restaurant sector. Pizza Hut is privately operated as a brand within its publicly traded parent company, Yum! Brands.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Property Taxes
| Parcel Number | 16-1.0-12-0-000-004.110 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $78,413 |
Property Taxes
Presented by
Pizza Hut | 3404 Highway 13
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