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Pizza Hut 1819 W Highway 40

3,185 SF Retail Building Vernal, UT 84078 £1,081,383 (£340/SF) 6% Net Initial Yield

Investment Highlights

  • 14 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Outparcel to a Walmart Supercenter | Vernal Towne Center |Dense Retail Corridor
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Pizza Hut investment property located in Vernal, Utah. The tenant, Pizza Hut has approximately 14 years of initial term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The operator, Grand Mere Restaurant Group, operates over 140 locations and is the leading Pizza Hut franchisee. The lease features 1.50% annual rental increases throughout the initial term and the option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

Attachments

Vernal UT - Pizza Hut OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,185 SF
Building Class
B
Year Built
1995
Price
£1,081,383
Price Per SF
£340
Net Initial Yield
6%
NOI
£64,897
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
0.76 AC
Zoning
CP2 - City Planned Commercial
Parking
27 Spaces (8.48 Spaces per 1,000 SF Leased)
Frontage
161 ft on W U.S. 40

Amenities

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalised Intersection

Links

1 of 1

Nearby Major Retailers

Wingers Restaurant & Alehouse
Freddy's Frozen Custard & Steakburgers
Beans & Brews Coffee House
Anytime Fitness
Denny's
Cafe Rio
Gandolfo's New York Deli
Golden Corral
Starbucks
Smith's

PROPERTY TAXES

Parcel Number 05:080:0033 Improvements Assessment £222,123
Land Assessment £212,716 Total Assessment £434,839

PROPERTY TAXES

Parcel Number
05:080:0033
Land Assessment
£212,716
Improvements Assessment
£222,123
Total Assessment
£434,839
(470) 344-2586

Contacts

  • Listing ID: 34397938

  • Date on Market: 07/01/2025

  • Last Updated:

  • Address: 1819 W Highway 40, Vernal, UT 84078

The Retail Property at 1819 W Highway 40, Vernal, UT 84078 is currently available for sale. Contact SRS Real Estate Partners for more information.

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© 2025 CoStar Group

Pizza Hut | 1819 W Highway 40
(470) 344-2586 x

Pizza Hut | 1819 W Highway 40

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Michael Berk

(470) 344-2586

(470) 344-2586

Jarrett Slear

(813) 683-5115

(813) 683-5115

Patrick Luther

(480) 221-4221

(480) 221-4221

Patrick Nutt

(954) 302-7365

(954) 302-7365

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