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DAVE DELATORRET 619 247 8585
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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Pizza Hut NNN InvestmentEXECUTIVE SUMMARY
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
DAVE DELATORRET 619 247 8585 [email protected]
7486 La Jolla Boulevard, Suite 173, La Jolla, California 92037
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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Pizza Hut NNN InvestmentEXECUTIVE SUMMARY
DAVE DELATORRET 619 247 8585 [email protected]
7486 La Jolla Boulevard, Suite 173, La Jolla, California 92037
6
Pizza Hut NNN InvestmentEXECUTIVE SUMMARY
DAVE DELATORRET 619 247 8585 [email protected]
7486 La Jolla Boulevard, Suite 173, La Jolla, California 92037
LAND SURVEY
SUBJECT PROPERTY
7DAVE DELATORRET 619 247 8585 [email protected]
Pizza Hut NNN InvestmentAERIAL VIEWS
SUBJECT PROPERTY
19th Street NW
52
8DAVE DELATORRET 619 247 8585 [email protected]
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
9DAVE DELATORRET 619 247 8585 [email protected]
Pizza Hut NNN InvestmentMAPS
SUBJECT PROPERTY
SUBJECT PROPERTY
10DAVE DELATORRET 619 247 8585 [email protected]
Costco Center Aldi Grocery Store Cinemax 12 Plex Theatre
McDonalds Restaurant 5 West Restaurants & 2 Hotels Staybridge Suites Hotel
Pizza Hut NNN InvestmentTRADE AREA
11DAVE DELATORRET 619 247 8585 [email protected]
Walmart Sam’s Club Petco & Retail Shops
Wells Fargo Bank Texas Roadhouse Grill Hyvee Grocery Store & Center
Pizza Hut NNN InvestmentTRADE AREA
Northwest Plaza Shopping Center
12DAVE DELATORRET 619 247 8585 [email protected]
Super Target Staples & Petsmart Home Depot
Kwik Trip Gas & C Store Sherwin Williams Paints Sleep Inn Hotel
Pizza Hut NNN InvestmentTRADE AREA
DAVE DELATORRET 619 247 8585 F 828 459 3066
7486 La Jolla Boulevard, Suite 173La Jolla, California 92037