SRS Real Estate Partners announced today the $14 million sale of a portfolio of 13 Pizza Hut properties. The assets are located in Montana, Ohio, Oklahoma, Texas, Utah, and Wyoming and are part of a larger nine-state, 68-property Pizza Hut portfolio marketed by SRS.
SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble who are based in Florida represented the seller, an entity controlled by a publicly traded Real Estate Investment Trust (REIT). The buyer was a real estate-focused private equity group based in Florida.
“This portfolio has garnered interest from investors of all backgrounds, from institutional groups and public REITs looking for sub-portfolios, to private high-net worth investors purchasing single sites,” said Nutt. “The long-term leases, low price-point per property and large franchisee operators have given us the ability to sell through 80% of the entire 68-property portfolio in a few short months with only 13 properties remaining available.”
In 2024, SRS Capital Markets completed approximately $2.5 billion in deal volume comprised of more than 600 transactions in 45 states. SRS currently has in excess of 740 properties actively on the market with a market value surpassing $3.5 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with 29 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.