Embed Size (px)
Citation preview
Pizza Hut
829 North 8th Street
Bessemer, AL 35020 $490,190 11% Cap
This information is compiled from data that we believe to be correct but, no liability is assumed by this company as to accuracy of such data
Adam Farmer
P. (951) 696-2727
F. (951) 696-1313
26856 Adams Ave Suite 200
Murrieta, CA 92562
INVESTMENT HIGHLIGHTS
Absolute NNN Pizza Hut. Bite Size Deal, 11% Cap Rate Traffic counts over 26,480 (9th Ave) & 66,720 (HWY 59) Established Location for Over 39 Years Bessemer is an outlying Suburb of Birmingham, AL. Guaranteed by NPC International, Inc. The Strongest Pizza Hut Franchisee
NPC Inc. The largest Pizza Hut Franchisee in the world with over 1,250 Pizza Hut locations and 140 Wendy’s.
Executive Summary
829 North 8th Street
Bessemer, Alabama
List Price: $490,190
CAP: 11%
Base Rent: $53,921.28 ($4,493.44)
Increases: 10% Every Five Years
Building S.F. 2,747
Lease Type: Triple Net (NNN)
Lease Term: 10 Year 1.5 Years Remaining
Parcel Size: .44 Acre (19,166 sqft)
Year Built: 1976
Options: 4 (5) year, 5% Increases
Tenant: NPC International, Inc. 1,400 Restaurants in 29 states
Pizza Hut
829 North 8th Street
Bessemer, AL 35020
Adam Farmer
P. (951) 696-2727
F. (951) 696-1313
26856 Adams Ave Suite 200
Murrieta, CA 92562
This information is compiled from data that we believe to be correct but, no liability is assumed by this company as to accuracy of such data
Population 1 Mile 3 Mile 5 Mile
4,350 29,369 50,610
Income 1 Mile 3 Mile 5 Mile
$28,608 $39,696 $47,212
Only 12 Miles from Birmingham, AL
Population in excess of 250,000
Lease Commencement Date: September 14, 2006
Lease Expiration Date: August 31, 2016
Base Rent: $53,921.28
Options: 4 (5) year with Increases
Frist Option: 10% Increase
Second Option: 5% Increase
Third Option: Fair Market Rent, No Less than 5% Increase
Fourth Option: Fair Market Rent, No Less than 5% Increase
Traffic Counts
9th 26,480
HWY 59 66,720
NPC Founded in 1962, currently operate over 1,400 restaurants in 29 states. NPC International, Inc. operates over 1,250 Pizza Hut units in 28 states with significant presence in the Midwest, South and Southeast, representing approximately 20% of the domestic Pizza Hut restaurant system. NPC Quality Burgers, Inc. is a wholly owned subsidiary of NPC International and currently operates over 140 Wendy’s units in 5 states. NPC International, Inc. is the largest Pizza Hut franchisee and the largest franchisee of any restaurant concept in the United States according to the 2013 “Top 200 Restaurant Franchisees” by Franchise Times. NPC is the seventh largest restaurant unit operator, based on unit count, in the U.S. and the largest Pizza Hut franchisee in the world .
NPC is owned by an entity controlled by Olympus Growth Fund V, L.P. and certain affiliated enti-ties. In connection with the acquisition of NPC by Olympus on December 28, 2011, the Compa-ny obtained debt financing consistent of a term loan, a revolving credit facility and the issuance of Senior Notes that are registered under the Securities Act of 1933.
Subject property consists of a 2,747 square foot Freestanding Pizza Hut located on major thoroughfare running North & South through Bessemer. Traffic counts in excess of 26,480 (9th St). NPC International Inc. the largest Pizza Hut franchisee in the world commented to a 10 year lease term with 1.5 years remaining with 4 (5) year options. Lease is absolute NNN with no Landlord responsibilities, tenant is responsible for all maintenance including roof, structure and parking lot. NPC International, Inc. operates 1,250 Pizza Hut and 140 Wendy’s in 29 states. Other national retailers in area include Fred’s, McDonald’s, Taco Bell, Regions Bank, O’Reilly Auto Parts, Napa Auto, Title Max, Walgreens, KFC, Captain D’s, Popeye’s, AutoZone, Advanced Auto, AT&T, Save A Lot, Aaron’s and more.
Bessemer, AL
Welcome to Bessemer, Alabama - the Marvel City!
Founded in 1887, Bessemer is located in south-western Jefferson County. Located only 12 Miles from Birmingham, AL, Nestled in the Jones Valley at the end of the foothills of the Appalachian Chain, Bessemer sits strategically along Interstate 59/20 and is centrally located to the economic centers of Birmingham, Hoover, Tuscaloosa and the Mercedes Plant in Vance. The Birmingham-Hoover metropolitan area where our city is located is home to over 1 million people. Bessemer is a thriving city full of economic growth and development. Bessemer city is home to several major industries and companies. In recent years, Dollar General, Amsted Rail, U.S. Pipe and others have located facilities to Bessemer. Bessemer once thrived through iron ore manufacturing, the city is now home to a diverse blend of industry and companies. Bessemer city is home to Medical West Hospital, an affiliate of the UAB Health System.Bessemer City Schools and a group of private schools offer educational opportunities for those with children in grades K-12. Lawson State Community College and at ITT Tech have both located campuses in Bessemer. The University of Alabama, UAB, Miles College, Birmingham-Southern College, Samford University and Montevallo College are all within a short drive of Bessemer. With a mix of shopping, world-class restaurants, churches and recrea-tional and entertainment attractions, such as the Alabama Splash Adventure, Bessemer is a city on the move! Currently under construction is a new three story 28,650 City Hall along with an 59,000 sf recreation center.
Pizza Hut
829 North 8th Street
Bessemer, AL 35020
This information is compiled from data that we believe to be correct but, no liability is assumed by this company as to accuracy of such data
Photos
This information is compiled from data that we believe to be correct but, no liability is assumed by this company as to accuracy of such data
Maps
Local Map
Regional Map
Map / Traffic Counts
26,4
80
66,7
20
Aerial Photo
