6019 S Coulter St
Amarillo, TX 79119
Pizza Hut (Absolute NNN) · Retail Property For Sale

Offered for sale is the opportunity to acquire an absolute net leased Pizza Hut in Amarillo, Texas. The property consists of a 2,688-square foot, freestanding building that sits on approximately 0.85 acres of land. There are approximately 5.7 years remaining on the current lease term, with an 8 percent rental escalation scheduled in 2018, as well as in each option period. The property has excellent access and visibility on South Coulter Street. The area is extremely dense with more than 108,986 residents within a five-mile radius and an average household income of $115,834 within a one-mile radius. Surrounding retailers in the immediate area include Walmart, Lowe’s, CVS, Walgreens, Taco Bell, AutoZone, Burger King, Chick-fil-A, Panda Express, and many more. The lease is guaranteed by Tumbleweed Pizza Partners. The company operates nine Pizza Huts throughout Texas, and is a subsidiary of Pizza Partners Inc., a 32-unit Pizza Hut operator in Texas. Pizza Partners Inc. also manages 32 Pizza Huts in Florida and Pennsylvania. The company was founded in 1998 by Michael Baird, who has over 30 years of experience with Pizza Hut (Baird was the Director of Franchise Operations for Pizza Hut’s domestic market prior to starting Pizza Partners, Inc.). In terms of U.S. sales, Pizza Hut was the leading pizza restaurant in 2016. Pizza Hut is wholly owned by Yum! Brands, Inc. Based in Louisville, Kentucky, Yum! Brands, Inc. has 43,617 restaurants in more than 135 countries and is one of the Aon Hewitt Top Companies for Leaders in North America. In 2017, Yum! Brands was named to the Dow Jones Sustainability North America Index and among the top 100 Best Corporate Citizens by Corporate Responsibility Magazine. The company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories. Yum! Brands opens over six new restaurants per day on average. Amarillo is the regional economic center for the Texas Panhandle and is economically important to Eastern New Mexico and the Oklahoma and handle. With a population of 190,695 at the 2010 census, Amarillo is the 14th largest city in the state of Texas. The city serves as the county seat of Potter county. The Amarillo metropolitan area has an estimated population of 236,113 in four different counties.