Pizza Hut Triple Net Lease Properties

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Pizza Hut

About Pizza Hut:

Pizza Hut (corporately known as Pizza Hut, Inc.) is an American restaurant chain and international franchise that offers different styles of pizza along with side dishes including pasta, buffalo wings, breadsticks , and garlic bread.

Pizza Hut is a subsidiary of Yum! Brands, Inc. (the world’s largest restaurant company[1]) with approximately 34,000 restaurants, delivery/carry-out locations, and kiosks in 100 countries.

Currently based in Addison, Texas [2] (a northern suburb of Dallas), Pizza Hut is relocating its headquarters to Legacy Office Park in nearby Plano when the lease on its current building, which it has occupied since 1995, expires at the start of 2011.[3][4]

Pizza Hut is split into several different restaurant formats; the original family-style dine-in locations; store front delivery and carry-out locations; and hybrid locations that offer carry-out, delivery, and dine-in options. Many full-size Pizza Hut locations offer lunch buffet, with “all-you-can-eat” pizza, salad, bread sticks, and a special pasta. Additionally, Pizza Hut also has a number of other business concepts that are different from the store type; Pizza Hut “Bistro” locations are “Red Roof”s which offer an expanded menu and slightly more upscale options.

Traditionally, Pizza Hut has been known for its ambiance as much as food offerings. Classic “Red Roof” locations can be found throughout the United States, and quite a few exist in the UK and Australia. Even so, many such locations offer delivery/carryout service. This building style was common in the 1960s and 1970s. The name “Red Roof” is somewhat anachronistic now, since many locations have brown roofs; dozens of these locations have closed or been relocated/rebuilt. In the 1980s, the company moved into other successful formats including delivery/carryout and the fast food “Express” model.