PIZZA HUT & WINGSTREET · DAVE DELATORRE. T. 619 247 8585 . [email protected] 7486 La Jolla Boulevard, Suite 173. La Jolla, California 92037. PIZZA HUT & WINGSTREET. NNN

DAVE DELATORRET 619 247 8585

[email protected]

7486 La Jolla Boulevard, Suite 173La Jolla, California 92037

PIZZA HUT & WINGSTREET

NNN Investment2001 West Highway 52

Rochester, Minnesota 55901

Pizza Hut NNN InvestmentPROPERTYPizza Hut & WingStreet Restaurant

LOCATION2001 West Highway 52, Rochester, Minnesota 55901

SALES PRICE$1,545,000

CAPITALIZATION RATE5.5%

RENT

BUILDING SIZELarge 2,925 square feet contemporary building that was constructed in approximately 1986.

LAND PARCEL SIZEApproximately 25,468 square feet with plentiful parking.

PRIMARY LEASE TERM & OPTION PERIODSNew 20 year lease term commencing July 1, 2018 with four additional 5 year options to extend at the same terms and conditions.

RENTAL INCREASES10% rent increases every 5 years including options.

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EXECUTIVE SUMMARY

Year 1-5 Years 6-10 Year 11-15 Years 16-20

Monthly $7,083 $7,792 $8,571 $9,428

Annual $85,000 $93,500 $102,850 $113,135

DAVE DELATORRET 619 247 8585 [email protected]

7486 La Jolla Boulevard, Suite 173, La Jolla, California 92037

TENANT INFORMATIONMUY Pizza Minnesota LLC is a Pizza Hut franchisee who

currently operates 59 Pizza Hut restaurants throughout

the state of Minnesota and Iowa that was founded in 2013.

Prior to MUY Pizza Minnesota LLC operating the restaurants

they were all operated by another Pizza Hut Franchisee for

20+ years.

MUY Pizza Minnesota is part of the MUY Pizza Companies

who operate another 218 Pizza Hut restaurants primarily in

Houston, San Antonio, and the South Texas market to the

Mexican border. MUY Pizza also operates another 90 Pizza

Hut Restaurants in 5 Southeast states. Collectively, the 3

MUY Pizza Hut companies own and operate 364 Pizza Hut

restaurants and are one of the largest Pizza Hut franchisees

in America. The MUY companies also own & operate 79 Taco

Bell restaurants in 6 north east states, and 312 Wendy’s

restaurants in Texas, New York, Ohio and Kentucky. The

collective MUY Companies own & operate 754 restaurants

and were recently recognized as the 5th largest franchisee

in America with revenues approaching $1 billion. Please

visit the company website at www.muycompanies.com for

additional information on the company.

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Pizza Hut NNN InvestmentEXECUTIVE SUMMARY

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COMMENTSThe Rochester Pizza Hut is a very seasoned restaurant that has successfully operated in the location since 1986 with over 30+ years of success operations. The restaurant is strategically located in the heart of Rochester’s retail trade area on Highway 63 at the 19th Street NW exit. The excellent location is surrounded by dense residential neighborhoods of north Rochester, a number of major retail power centers, and several large employers which creates a strong daytime population. The Rochester Pizza Hut was remodeled in 2014 to feature Pizza Hut’s current image standards and dining room designs.

The Rochester Pizza Hut is conveniently located at the Highway 63 freeway offramp which is the coming home side of the street so it is a convenient and popular location for pick up for residents returning home the neighborhoods after work. The freeway oriented location is also convenient to access all of north Rochester residential neighborhoods for delivery drivers as well.

The 19th street retail corridor is home to the 100+ acre Costco retail center which features a number of national restaurants along with 3 hotels. Another 48 acre West Circle Shopping Center is currently under construction along west Circle Drive & 19th Street across from Costco. The Northwest Plaza Power Center is anchored by Walmart, Sam’s Club, Petco and other national retailers. The Super Target and Home Depot Power center is also located close to the Pizza Hut restaurant. Pizza Hut is also

very close to the Rochester IBM Campus which is a 3 million SF state of



the art technology campus which currently employs approximately 3,000 people. The Pizza Hut site is also close to 400+ student Lourdes Catholic High School which is considered one of Rochester’s most prestigious

private high schools.

With an estimated metropolitan area population of 215,884, Rochester is the third-largest city in Minnesota outside of Minneapolis-St. Paul MSA. Rochester is also home to the Mayo Clinic which is an academic medical & research center focused on integrated clinical practice, education, and research. It employs more than 4,500 physicians and scientists and 58,400

administrative and allied health staff. The Mayo Clinic specializes in treating

difficult cases through tertiary care. It spends over $660 million a year on research and employs over 3,000 full-time research.

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LAND SURVEY

SUBJECT PROPERTY

7DAVE DELATORRET 619 247 8585 [email protected]

Pizza Hut NNN InvestmentAERIAL VIEWS

SUBJECT PROPERTY

19th Street NW

52


Pizza Hut NNN InvestmentAERIAL VIEWS

SUBJECT PROPERTY

2017 Demographics 1 Mile 3 Miles 5 Miles

Population 4,662 53,506 98,050

Median Age 31 35 36

Avg. HH Income $67,645 $78,393 $79,924

Rochester Marketplace Shopping CenterRochester IBM CampusCostco Center & RestaurantsFuture W. Circle Commercial DevelopmentMayo Medical LabratoriesLourdes High SchoolRochester Athletic Club


Pizza Hut NNN InvestmentMAPS

SUBJECT PROPERTY

SUBJECT PROPERTY


Costco Center Aldi Grocery Store Cinemax 12 Plex Theatre

McDonalds Restaurant 5 West Restaurants & 2 Hotels Staybridge Suites Hotel

Pizza Hut NNN InvestmentTRADE AREA


Walmart Sam’s Club Petco & Retail Shops

Wells Fargo Bank Texas Roadhouse Grill Hyvee Grocery Store & Center


Northwest Plaza Shopping Center


Super Target Staples & Petsmart Home Depot

Kwik Trip Gas & C Store Sherwin Williams Paints Sleep Inn Hotel


DAVE DELATORRET 619 247 8585 F 828 459 3066

[email protected]

7486 La Jolla Boulevard, Suite 173La Jolla, California 92037

Documents

PIZZA HUT & WINGSTREET · DAVE DELATORRE. T. 619 247 8585 . [email protected] 7486 La Jolla Boulevard, Suite 173. La Jolla, California 92037. PIZZA HUT & WINGSTREET. NNN