NNN Investment Property - Pizza Hut
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NNN Investment Property - Pizza Hut
3820 ROUTE 42
TURNERSVILLE, NJ
Property Photo
For more information,
please contact:
PJ BEHR
Vice President
407.540.7746
pj.behr@cnl.com
BRETT HARTUNG
Associate
407.540.7897
brett.hartung@cnl.com
In association with:
Chris Cervelli
Michael Cervelli Real Estate LLC
201.868.6300
chris@realestatenj.com
Licensed NJ Broker
Location sales more than 70% above concept average!
Deal Points & Regional Map
DEAL POINTS
Price: $2,727,914
7% cap rate
Annual Rent: $190,954*
9% increases every five years
Lease Commencement: 2005
Lease Expiration: May 2025
2 – 5 year renewal options
Vibrant and growing retail corridor
Land size: 1.29 acres
Building size: 3,650 sf
Year built: 2005
86 unit operator
* The above rent commences June 1, 2015. At the close of escrow, seller will credit back to purchaser the rent differential through June 1, 2015.
CNL Commercial Real Estate
420 South Orange Avenue, Suite 950 Orlando, FL 32801 t: 407.540.7700 f: 407.540.7750
www.cnl.com/commercial
NNN Investment Property - Pizza Hut
3820 ROUTE 42
TURNERSVILLE, NJ
Market Aerial
CNL Commercial Real Estate
PJ BEHR BRETT HARTUNG 420 South Orange Avenue, Suite 950
For more information, Vice President Associate
please contact: Orlando, FL 32801
407.540.7746 407.540.7897 t: 407.540.7700 I f: 407.540.7750
pj.behr@cnl.com brett.hartung@cnl.com www.cnl.com/commercial
NNN Investment Property - Pizza Hut
3820 ROUTE 42
TURNERSVILLE, NJ
Demographic Profile
2012 Information 1 mile 3 mile 5 mile
Total Population 2013 6,380 60,956 159,075
Median Age 41.7 39.2 37.6
Median HH Income $78,929 $79,668 $70,023
Average HH Income $92,844 $93,058 $85,378
Total Households 2,282 21,104 56,466
Historical and Projected Information 1 mile 3 mile 5 mile
2000 Population 6,239 59,467 148,304
2010 Population 6,347 61,377 157,933
2013 Population 6,380 60,956 159,075
2018 Population (Projected) 6,441 60,707 160,698
2000 Households 2,140 19,727 50,810
2010 Households 2,259 21,159 55,887
2013 Households 2,282 21,104 56,466
2018 Households (Projected) 2,314 21,089 57,177
2013 Average HH Income $92,844 $93,058 $85,378
2018 Average HH Income $105,710 $105,248 $97,092
CNL Commercial Real Estate
PJ BEHR BRETT HARTUNG 420 South Orange Avenue, Suite 950
For more information, Vice President Associate
please contact: Orlando, FL 32801
407.540.7746 407.540.7897 t: 407.540.7700 I f: 407.540.7750
pj.behr@cnl.com brett.hartung@cnl.com www.cnl.com/commercial
NNN Investment Property - Pizza Hut
3820 ROUTE 42
TURNERSVILLE, NJ
Capital Pizza Huts Tenant Profile
Capital Pizza Huts has been in operation since the 1980's.
Currently we operate 86 restaurants in New Jersey, Maine,
Tennessee, Virginia, New Hampshire, Vermont and North
Carolina. Capital Pizza Huts is an equal opportunity employer
and provides a small company atmosphere with the benefits of
a large organization. Our team members have ongoing
opportunities to learn, grow and undertake new challenges.
Our customers are the heart of our business; our employees are
its soul.
Pizza Hut
Pizza Hut is an American restaurant chain and international franchise that
offers different styles of pizza along with side dishes including salad, pasta,
buffalo wings, breadsticks, garlic bread and desserts. As of 2012, there were
more than 6,000 Pizza Hut restaurants in the United States, and more than
5,139 store locations in 94 other countries and territories around the world.
Pizza Hut was founded on June 15, 1958 by brothers Dan and Frank Carney
in their hometown of Wichita, Kansas. When a friend suggested opening a
pizza parlor—then a rarity—they agreed that the idea could prove successful, and they borrowed $600 from their
mother to start a business with partner John Bender. Renting a small building at 503 South Bluff in downtown
Wichita and purchasing secondhand equipment to make pizzas, the Carneys and Bender opened the first Pizza Hut
restaurant; on opening night, they gave pizza away to encourage community interest. A year later, in 1959, Pizza Hut
was incorporated in Kansas, and Dick Hassur opened the first franchise unit in Topeka.
CNL Commercial Real Estate
PJ BEHR BRETT HARTUNG 420 South Orange Avenue, Suite 950
For more information, Vice President Associate
please contact: Orlando, FL 32801
407.540.7746 407.540.7897 t: 407.540.7700 I f: 407.540.7750
pj.behr@cnl.com brett.hartung@cnl.com www.cnl.com/commercial
Although all information furnished for sale, rental, or financing is from sources we deem reliable, such information has not been
verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors,
omissions, changes of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.
NNN Investment Property - Pizza Hut
3820 ROUTE 42
TURNERSVILLE, NJ
City of Turnersville
Turnersville, is a city located within
Washington Township, in Gloucester County, New
Jersey. It is named after the Turner family, one of the
original families of Washington Township. The oldest
community in Washington Township, Grenloch
Terrace, was a thriving Lenape Native American
village called Tetamekon. Some of the early settlers
to the area were the Collins family of Chestnut Ridge
Farm, for whom Chestnut Ridge Middle School is
named; the Turner family, for whom Turnersville was named; the Hurff family, for whom Hurffville and Hurffville
Elementary School are named; the Heritage family, whose family began the Heritage's Dairy Farm Stores, and for
whom the community Heritage Valley is named; the Morgan family, who were the first residents of the Olde Stone
House, a landmark for residents of the Township; and the Bell Family, who arrived in 1899 and for whom Bells Lake
Park and Bells Elementary School are named.
The 23.0 square miles Township is home to approximately 48,500 people who live within the communities of
Turnersville, Hurffville, Grenloch, CrossKeys, Mayfair, Bunker Hill and Chapel Heights. Washington Township is a
family community, providing all services in an environment conducive to outstanding educational, recreational, and
social activities and programs. The Township also offers excellent retail, professional, and corporate businesses which
are by far the finest in the County.
Washington Township Fun Facts
Benjamin Franklin Goodyear, son of Charles, of the Goodyear Rubber Company used to live in Washington
Township. He provided rubber tires for his cousin's "new fangled" autos.
The swampy land in and around Cross Keys is really the South Jersey watershed. All the rivers of South Jersey start
there and flow either to the Delaware or on to the Atlantic Ocean.
In 1956 Washington Township had only a "Chief of Police" and 2 or 3 "deputies." Chief Hubert Read received
from township officials a two-way radio for his car. He confided that is was "funny, because I didn't have anyone to
call!" Source: http://www.twp.washington.nj.us/
CNL Commercial Real Estate
PJ BEHR BRETT HARTUNG 420 South Orange Avenue, Suite 950
For more information, Vice President Associate
please contact: Orlando, FL 32801
407.540.7746 407.540.7897 t: 407.540.7700 I f: 407.540.7750
pj.behr@cnl.com brett.hartung@cnl.com www.cnl.com/commercial
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