OFFERING MEMORANDUM Absolute NNN Lease Investment Opportunity - 13450 US-43 S | Russellville, AL 35653 - Sands Investment Group
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OFFERING MEMORANDUM
Absolute NNN Lease Investment Opportunity
13450 US-43 S | Russellville, AL 35653
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INVESTMENT SUMMARY
• Investment Summary
• Investment Highlights
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AREA OVERVIEW
• Location Map
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• Aerial & Retail Map
• City Overview Exclusively Marketed By: Sands Investment Group
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TENANT OVERVIEW Will Schuhmacher
• Tenant Profile Lic. # 629275
512.277.5924 | DIRECT
will@SIGnnn.com
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LEASE ABSTRACT
• Lease Summary
• Rent Roll © 2018 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands Investment
Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility
of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness. Any and all
projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these
projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interested
In Cooperation with BoR: Andrew Ackerman - Lic # C0001099750 buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.
INVESTMENT SUMMARY
OFFERING SUMMARY
PRICE $660,000
CAP 8.60%
NOI $56,844
PRICE PER SF $293.07
YEARS REMAINING ~3 Years
LEASE GUARANTY NPC International
PROPERTY SUMMARY
ADDRESS 13450 US-43 S
Russellville, AL 35653
COUNTY Franklin
BUILDING AREA 2,252 SF
LAND AREA 1.31 Acres
BUILT 1993
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INVESTMENT HIGHLIGHTS
● Value-Add Deal with Over $160,000+ in Cash Flow Over the Next 3 Years
Investment ●
●
New Prototype Building with ~3 Years Remaining on the Lease
Small Price Point Deal & Attractive CAP Rate
Summary ● Operated By the Largest Pizza Hut Franchisee in the World and 7th Largest Restaurant Operator in the United
States
● Located on An Oversized Lot with Ample Parking and Across the Street From a Walmart Supercenter
● High Traffic Exposure from Major Highway Intersection US-43 and I-24
Absolute
● Surrounded by National Retailers Such as Wendy’s, Jack’s, Waffle House, Bojangles’, AutoZone, Advanced
Auto Parts, O’Reilly Auto Parts and More
NNN Lease ●
●
3-Miles From Russellville High School That Has Over 745 Students
Russellville High School Ranks as One of the Best Football Teams in Alabama and as One of the Most
Attended Stadiums in High School Football
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LOCATION MAP
AERIAL MAP
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AERIAL MAP
Russellville High School
Russellville Hospital
Russellville Police
Department
Southside Ball Field
Franklin Manufacturing Inc.
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RETAIL MAP
AERA OVERVIEW
SUBJECT PROPERTY DEMOGRAPHICS
1 Mile 3 Mile 5 Mile
Population 3,075 11,235 14,367
Average Household Income $53,029 $52,499 $54,065
STREET/CROSS ROAD AVERAGE VEHICLES PER DAY
US Hwy 43 / Andrew Jackson Hwy 18,760
Andrew Jackson Hwy / 1st St 12,210
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AREA OVERVIEW
NPC is an institutional consolidator and
developer of great time-tested restaurant
brands. Our management team provides a
unique partnership to our franchisors to
provide a professionally managed analytical
partner to execute the brands’ strategy.
NPC has a long history as an operationally
focused company that delivers strong,
consistent financial performance and
leverageable free cash flow.
Founded in 1962 – NPC International collectively operates more than 1,400 restaurants in
28 states. It operates more than 1,240 Pizza Hut units in 27 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 more than 184 Wendy’s units in five 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 2015 “Top 200 Restaurant
Franchisees” by the Restaurant Finance Monitor. NPC is the eighth largest restaurant unit
operator, based on unit count, in the U.S.
NPC is owned by an entity controlled by Olympus Growth Fund V, L.P. and certain
affiliated entities. In connection with the acquisition of NPC by Olympus on December 28,
2011, the Company obtained debt financing consisting of a term loan, a revolving credit
facility and the issuance of Senior Notes that are registered under the Securities Act of
1933.
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Pizza Hut has a more than 50-year history, beginning in 1958 in Wichita, Kansas. NPC
opened its first Pizza Hut restaurant shortly after in 1962. Today, Pizza Hut is an iconic
global brand that delivers more pizza, pasta and wings than any other restaurant in the
world. NPC currently operates more than 1,144 Pizza Hut units in 27 states and more than
386 Wendy’s units in 8 states.
BNPC International gives back to their communities and to people around the world
through programs such as World Hunger Relief and the Dave Thomas Adoption
Foundation.
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11AREA OVERVIEW Russellville is a city located in the northeastern part of
Franklin County with a population of 9,815 in 2016.
Franklin County, Alabama is centrally located between
Birmingham, Memphis and Nashville, near Interstate
22, close to the Tennessee River and the Tennessee
Tombigbee Waterway.
The growing city of Russellville offers the convenience
of major retailers, restaurants, recreational amenities,
and a strong industrial base. The authority invests in
workforce development programs and provides
assistance with new construction and expansion
projects. Working with the Alabama Department of
Commerce and local governments, as well
as TVA and Alabama Power, Franklin County offers
competitive tax incentives and other financial
and business resources. The county offers a well-
trained workforce, competitive tax incentives, and a
low cost of living, and is in close proximity to many
food-related, automotive-related and metals industries
in the Southeast.
Franklin County offers a low cost of living. Residents in
the county enjoy small town living, but have the
resources of larger cities nearby. Franklin County also
features many recreational attractions, including Bear
Creek Lakes, The Roxy and the Dismal’s Canyon. The
Roxy Theater is a main attraction in Russellville where
visitors and locals can enjoy musical events on the
weekends. The annual "Watermelon Festival" is held
each August in downtown Russellville, in which a
carnival event is held by the chamber of commerce to
to ignite interest in Franklin county and the
surrounding areas.
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11Actual Property Images PROPERTY OVERVIEW 12 11
LEASE ABSTRACT
LEASE SUMMARY
TENANT NPC International
A Building of
PREMISES
Approximately 2,252 SF
LEASE COMMENCEMENT January 18, 1984
LEASE EXPIRATION June 30, 2021
LEASE TERM ~3 Years Remaining
RENEWAL OPTIONS None
RENT INCREASES 6% of Sales Over Annual Base Rent
LEASE TYPE Absolute Triple Net (NNN)
USE Restaurant
PROPERTY TAXES Tenant’s Responsibility
INSURANCE Tenant’s Responsibility
COMMON AREA Tenant’s Responsibility
ROOF & STRUCTURE Tenant’s Responsibility
REPAIRS & MAINTENANCE Tenant’s Responsibility
HVAC Tenant’s Responsibility
UTILITIES Tenant’s Responsibility
RIGHT OF FIRST REFUSAL Yes
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12 Actual Property ImageLEASE ABSTRACT
RENT ROLL
TENANT SQUARE % OF ANNUAL RENT / INCREASE RENTAL LEASE LEASE
OPTIONS
NAME FOOTAGE TOTAL BASE RENT SF DATES INCREASE BEGIN END
NPC International 2,252 SF 100% $56,844 $25.24 Annual 6% of Sales Above Base 06/18/1984 06/30/2021 None
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13 Actual Property ImageCONFIDENTIALLY AGREEMENT
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed
only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the
written consent of Sands Investment Group.
This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish
only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation,
with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and
square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the
compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business
prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands
Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted
any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness
of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
By receipt of this Memorandum, you agree that this Memorandum and its contents
are of confidential nature, that you will hold and treat it in the strictest confidence and
that you will not disclose its contents in any manner detrimental to the interest of the
Owner. You also agree that by accepting this Memorandum you agree to release
Sands Investment Group and hold it harmless from any kind of claim, cost, expense,
or liability arising out of your investigation and/or purchase of this property.
14Exclusively Marketed By:
Will Schuhmacher
Lic. # 629275
512.277.5924 | DIRECT
will@SIGnnn.com
Sands Investment Group
2101 S IH 35, Suite 402
Austin, TX 78741
844.4.SIG.NNN
www.SIGnnn.com
In Cooperation with BoR: Andrew Ackerman
Lic # C0001099750 Actual Property ImageYou can also read
