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TACO BELL
NNN Investment320 Highway 315Pittston, Pennsylvania 18640
DAVE DELATORRET 619 247 8585 F 828 459 3066
Taco Bell NNN Investment
PROPERTYTaco Bell Restaurant
LOCATION320 Highway 315, Pittston, Pennsylvania 18640
SALES PRICE$2,500,000
CAPITALIZATION RATE5.0%
RENT
BUILDING SIZE2,092 square feet newly constructed in December 2015.
LAND PARCEL SIZE35,700 square feet which is a pad within the Walmart shopping center with reciprocal access.
PRIMARY LEASE TERM & OPTION PERIODSNew 20 year primary lease term commencing August 1, 2018 with 4 five year options.
RENTAL INCREASES10% rent increases every 5 years including options.
2
EXECUTIVE SUMMARY
Years 1-5 Years 6-10 Year 11-15 Years 16-20
Monthly $10,417 $11,458 $12,604 $13,865
Annual $125,000 $137,500 $151,250 $166,375
DAVE DELATORRET 619 247 8585 [email protected]
TENANT INFORMATION
MUY Brands LLC, a Texas Limited Liability Company
who owns and operates 79 Taco Bell restaurants in
Connecticut, New York, Pennsylvania, New Jersey, and
Virginia. The company was founded in 2007 and acquired
the existing Taco Bell restaurants in 2012 from another Taco
Bell franchisee called El Rancho Foods who operated the
restaurants for over many years prior to MUY Brands LLC
acquiring the former El Rancho company.
MUY Brands LLC is also part of the MUY Companies which
operate another 364 Pizza Hut Restaurants in Texas,
6 southeast states, and Minnesota and who are one of
the largest Pizza Hut franchisees in America. Anoth
MUY company called MUY Hamburger Partners LLC was
established in 2012 and is currently the second largest a
Wendy’s franchisee who operates 312 Wendy’s restaurants
in the Ohio, Texas, and New York markets. The collective
MUY Companies own & operate 754 restaurants and were
recently recognized by Nation’s Restaurant News 2017
industry survey 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.
3
Taco Bell NNN InvestmentEXECUTIVE SUMMARY
4DAVE DELATORRET 619 247 8585 [email protected]
Taco Bell NNN InvestmentEXECUTIVE SUMMARY
COMMENTSThe Pittston Taco Bell restaurant was constructed from the ground up by MUY Brands LLC in December 2015 who acquired a 35,700 square foot land parcel then invested approximately $1,320,000 in constructing the new 2,092 square foot Taco Bell restaurant building and
improvements on the property.
The Taco Bell is located on a pad at the entrance to the Pittston Crossing Shopping Center which is a Walmart Super Store anchored shopping center that also features Denny’s, Burger King, and approximately 50,000 square feet of retail shop space in the center. McDonald’s, Wendy’s, Subway, and Perkins Café are also located nearby Pittston Crossing Shopping Center which creates a great deal of fast food synergy surrounding the Taco Bell restaurant. Pittston features five major industrial parks called CenterPoint Commerce & Trade Park, Grimes Industrial Park, O’Hara Industrial Park, Quackenbush Industrial Estates, and Duryea KOZ Industrial Park which makes Pittston one of the largest concentrations of industrial, manufacturing, and distribution centers in Pennsylvania. The greater Pittston area is located
in northeastern Pennsylvania in Luzerne County, midway between Scranton and Wilkes- Barre,
and is just two hours from New York City, Philadelphia, and Harrisburg. Pittston is located at the nexus of five major interstates (I-81, I-80, I-84, I-380 and I-476), within 200 miles of 51 Million consumers which makes it the natural location for companies to set up distribution
facilities. All of these major employers create a huge daytime population of employees in the trade area that drives a very strong lunch business for Taco Bell as well as an early dinner business plus the traditional dinner business later in the evening as well. The Taco
Bell is one of the best choices for employees in these manufacturing and distribution facilities
to enjoy lunch or an after work meal.
6DAVE DELATORRET 619 247 8585 [email protected]
Taco Bell NNN InvestmentAERIAL VIEWS
81SUBJECT
PROPERTY
12,0
00
CP
D
2017 Demographics 1 Mile 3 Miles 5 Miles
Population 2,623 33,341 64,965
Median HH Income $53,108 $50,218 $52,003
Avg HH Income $69,906 $66,504 $68,646
Home Depot Distribution Center
63,0
00
CPD
Taco Bell NNN InvestmentAERIAL VIEWS
7DAVE DELATORRET 619 247 8585 [email protected]
SUBJECT PROPERTY
INTERSTATE DISTRIBUTION CENTER1. Lowe’s
2. Mens Warehouse
3. Ace Harware
4. Neiman Marcus
5. Quietflex
6. Corning
7. Kimberly Clark
8. Benco Dental
9. Bimbo
10. Cooper Electric Supply Co.
11. Lasco Fittings Inc.
12. FedEx SmartPost
13. Isuzu
14. Boden
15. Cintas
16. Greiner Packaging
17. Amazon.com
18. The Home Depot
19. Pella
20. HVAC
21. Geisinger
22. FedeEx
23. Cascades
24. SaddleCreek
1
23
45
67
8
910
11
12
13
14
15
16
17
1819
2021
22
23
24
8DAVE DELATORRET 619 247 8585 [email protected]
Taco Bell NNN InvestmentMAPS
SUBJECT PROPERTY
SUBJECT PROPERTY
9DAVE DELATORRET 619 247 8585 [email protected]
Taco Bell NNN InvestmentTRADE AREA
Walmart Super Store Walmart Super Store Denny’s Restaurant
Burger King Restaurant Pittston Crossing Retail Shops Pittston Crossing Retail Shops
10DAVE DELATORRET 619 247 8585 [email protected]
Taco Bell NNN InvestmentTRADE AREA
T Mobil & Walmart Retail Shops Pilot Travel Gas & C Store Wendy’s Restaurant
Subway Restaurant & C Store Comfort Inn Hotel Volvo Auto Dealership
11DAVE DELATORRET 619 247 8585 [email protected]
Taco Bell NNN InvestmentTRADE AREA
Lowe’s Distribution Center Federal Express Operation Center Center Point Industrial Park
Center Point Industrial Park Center Point Industrial Park Isuzu Auto Dealership
12DAVE DELATORRET 619 247 8585 [email protected]
Taco Bell NNN InvestmentTRADE AREA
McDonald’s Restaurant Perkins Cafe Arby’s Restaurant
Aldi Grocery Store Rite Aid Pharmacy Auto Zone Auto Parts
13DAVE DELATORRET 619 247 8585 [email protected]
Taco Bell NNN InvestmentAREA INFORMATION
PittstonPittston is a city in Luzerne County, Pennsylvania,
United States. It is situated between Scranton
and Wilkes-Barre. The city gained prominence in
the late 19th and early 20th centuries as an active
anthracite coal mining city, drawing a large portion
of its labor force from European immigrants. The
population was 7,739 as of the 2010 census, making
it the fourth largest city in Luzerne County. At its
peak in 1920, the population of Pittston was 18,497.
The city consists of three sections: The Downtown
(in the center of the city), the Oregon Section
(in the southern end), and the Junction (in the
northern end). Pittston City is at the heart of the
Greater Pittston region (a 65.35 square mile region
in Luzerne County). Greater Pittston has a total
population of 48,020 (as of 2010).
In October 2005, it was revealed that Daniel Siniawa
and Associates of Dickson City, Pennsylvania,
designed a condo complex for Pittston City. The
location of this complex is at Kennedy Boulevard
(between the Water Street Bridge and East Street).
Riverfront Park is located to the west of the
development. After a number of years, the condos
were constructed and opened to the public.
In December 2009, several buildings along William
Street were demolished. These included St. John
the Baptist Church and School, St. John the Baptist
Catholic Information Library, St. John the Baptist
Rectory, the Msgr. Joseph A. Super Athletic Center,
and Dave’s Billiards. The only building remaining is
part of the school where DeMuro’s Pizzeria is now
located. A memorial green space sits where the rest
of the school once stood. A monument was also built
to commemorate both the school and the church
(which served the Slovak community for over one
hundred years).
In 2008, under the leadership of Mayor Joseph
P. Keating, the city invested in renovating the
downtown area sidewalks with a brick theme.
Colorful brick pavers line the sidewalks along the
curbside and at street crossings. Black street lights
and sign posts were also placed to enhance the
appearance of the downtown. Trees were also
planted throughout the central business district.
Since 2008, more downtown restoration has
occurred. Older buildings are being demolished and
newer structures (i.e., condominiums, restaurants,
bars, and stores) are being built. Pittston Parks and
Recreation Committee proposed an idea in 2015
to paint many of Pittston’s fire hydrants; it began
in 2016. They were painted by various artistically
inclined locals.[9][10] Pittston is currently making
a comeback since the start of its economic decline
decades ago.
DAVE DELATORRET 619 247 8585 F 828 459 3066
7486 La Jolla Boulevard, Suite 173La Jolla, California 92037
