M&A Deal Summary

Realty Income Acquires Portfolio Of 89 Pizza Hut Properties

On August 25, 2006, Realty Income acquired restaurant Portfolio Of 89 Pizza Hut Properties from NPC International for 59M USD

Acquisition Highlights
  • This is Realty Income’s 1st transaction in the Restaurants sector.
  • This is Realty Income’s 5th largest (disclosed) transaction.
  • This is Realty Income’s 1st transaction in the United States.

M&A Deal Summary
Date 2006-08-25
Target Portfolio Of 89 Pizza Hut Properties
Sector Restaurants
Buyer(s) Realty Income
Sellers(s) NPC International
Deal Type Divestiture
Deal Value 59M USD

Target

Portfolio Of 89 Pizza Hut Properties

United States
Portfolio Of 89 Pizza Hut Properties, comprises 89 existing stores,the restaurants have on average,approximately 3,000 leaseable square feet.

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Buyer(S) 1

Buyer

Realty Income

San Diego, California, United States

website

Category Company
Sector Real Estate
Employees391
Revenue 3.3B USD (2022)
DESCRIPTION

Realty Income is a real estate investment trust (REIT). The Company is engaged in acquiring and owning freestanding retail and other properties that generate rental revenue under long-term lease agreements (primarily 10 to 20 years). Realty Income is based in San Diego, California.

DEAL STATS #
Overall 1 of 6
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 6
Year (2006) 1 of 1
Size (of disclosed) 5 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-07 Portfolio Of 33 Single-Tenant Properties

United States

Portfolio Of 33 Single-Tenant Properties comprises, Retail, Distribution, Office and Manufacturing Properties covering a leasable space area of approximately 3.8 million square feet in 17 states.

Buy $544M

Seller(S) 1

SELLER

NPC International

Overland Park, Kansas, United States

website

Category Company
Founded 1962
Sector Restaurants
DESCRIPTION

NPC International is a Pizza Hut franchisee in the United States with approximately 790 stores. NPC International operated stores in 26 states with significant presence in the Midwest, South and Southeast. NPC International was founded in 1962 and is based in Overland Park, Kansas.

DEAL STATS #
Overall 1 of 2
Sector (Restaurants) 1 of 2
Type (Divestiture) 1 of 2
Country (United States) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-20 Wendy s 54 Salt Lake City Restaurants

United States

Wendy's 54 Salt Lake City Restaurants comprises 24 restaurants, along with two future locations, in the Seattle market . 30 restaurants in the St. Louis market.

Buy -
Mergr

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