Yum Brands Divests Pizza Hut Portfolio in $2.7B Split Deal
Yum! Brands is selling Pizza Hut in two deals totaling $2.7B — LongRange Capital and Yum China Holdings are the buyers, with closing expected in Q3 2026.
17 stories on net lease in commercial real estate.
Yum! Brands is selling Pizza Hut in two deals totaling $2.7B — LongRange Capital and Yum China Holdings are the buyers, with closing expected in Q3 2026.

Cava plans to open more than 75 new locations and hire 2,500 employees in 2026, targeting a 1,000-unit portfolio by 2032.

Hanley Investment Group brokered the sale of a 4,464-square-foot IHOP in Tyler, Texas, marking the firm's third IHOP transaction in the state in five months.

Marcus & Millichap closed $9.7M in sale-leaseback deals on two Super Star Car Wash sites in Tucson and Glendale, Arizona.
Faris Lee Investments closed three convenience store sales totaling $10.6M, covering newly built Murphy USA and Circle K locations in FL, GA, and NV.

Cushman & Wakefield | Thalhimer brokered the $9.1M sale of a Wawa-occupied ground lease at Fifth Street Station in Charlottesville, VA.

A private 1031 exchange investor paid $4.4M for a new 2,325-SF Chipotle net-lease pad in Palmdale, CA, brokered by SRS Real Estate.

A single-tenant Mister Car Wash in Kemah, Texas sold for $5.4M. RealSource Group and Matthews brokered the net-lease deal southeast of Houston.
Private equity is increasingly targeting car wash real estate, drawn by subscription revenue models and operational margins that rival traditional net-lease retail assets.

JLL Capital Markets brokered the $8.5M sale of a 60,666 SF Stop & Shop-tenanted retail property in Beverly, MA, representing the Marshalls founding family.

SRS Real Estate Partners brokered the $9.4M sale of a 64,626 SF Academy Sports + Outdoors in Madison, Mississippi to a publicly traded REIT.
Hanley Investment Group brokered two Quick Quack Car Wash ground lease sales in San Bernardino County totaling $5.2M under 20-year absolute NNN terms.