Roughly 163 Pizza Hut leases have gone up for sale as part of NPC International’s bankruptcy restructuring.
The bids for the currently shuttered restaurants in 26 states are due by Oct. 23, according to New York-based A&G Real Estate Partners, the firm handling the auction.
The firm is advising NPC International, which filed for Chapter 11 bankruptcy in July. At the time of the filing, Leawood, Kan.-based NPC International operated more than 1,600 Wendy’s and Pizza Hut restaurants. In August, NPC began the process of selling a portion of its Pizza Hut business. It also closed up to 300 restaurants.
The locations range in size from 1,000-square-foot takeout and delivery-only restaurants to full service restaurants that run nearly 6,000 square feet. The majority are freestanding locations in neighborhood shopping centers and regional open-air