Pizza Hut

New 20-Year Lease Term – Tasty Hut of TN, LLC (9 Units) recently executed a new 20-year lease, demonstrating long-term commitment to this proven location. The lease also includes four (4) five-year renewal options, providing up to an additional 20 years of potential lease term.
Absolute Triple Net (NNN) Lease – The lease is structured as an Absolute NNN, with the tenant responsible for all repairs, maintenance, CAM, taxes, insurance, and related expenses, resulting in zero landlord responsibilities.
Strong Franchise Guarantee – The lease is guaranteed by Tasty Hut, LLC, a 175+ unit operator and an affiliate of Tasty Restaurant Group, LLC, which operates over 415 restaurants across 23 states under nationally recognized quick-service brands, such as Pizza Hut, KFC, Burger King, Dunkin’, Taco Bell, and Baskin Robbins. This guaranty lasts 10 years from the effective date.
Low Rent to Sales Ratio – Top 83rd Percentile of all Pizza Hut Sites – Established Operating History – The site benefits from a low rent to sales ratio, which in turn ranks the property as a top 83rd Percentile location per Placer.ai. In turn, this has allowed the site to successfully operate as a Pizza Hut since its fruition in 2004.
Highly Trafficked Corridor – The Property is prominently positioned along West Stone Drive (Highway 11W) which features over ±34,999 vehicles per day providing consistent exposure to daytime/nighttime travel (Source: TDOT 2025).
Proximity to National Brands – The Property is located in a highly trafficked commercial corridor, near major national brands such as: CVS Pharmacy, McDonald’s, Weigel’s Convenience Store/Fuel, Eastman Credit Union, Scooter’s Coffee, Verizon, Burger King, Fresenius Kidney Care and Waffle House, amongst many others.
Significant Nearby Employer – The Pizza Hut is located within 6 miles of Eastman Chemical’s global corporate headquarters, one of the region’s largest employers. Eastman Chemical employs thousands of professionals in the area and serves as a major economic anchor for the Kingsport market, providing a stable daytime population and long-term demand driver for surrounding retail and restaurant uses.

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Hutt Cooke