Pizza Hut (NPC International) - 4030 Singleton Parkway Memphis, TN 38128 - NET LEASE INVESTMENT OFFERING - The Boulder Group
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NET LEASE INVESTMENT OFFERING Pizza Hut (NPC International) 4030 Singleton Parkway Memphis, TN 38128
TABLE OF CONTENTS
TABLE OF CONTENTS
I. Executive Profile II. Location Overview III. Market & Tenant Overview
Executive Summary Photographs Demographic Report
Investment Highlights Aerial Market Overview
Property Overview Site Plan Tenant Overview
Map
NET LEASE INVESTMENT OFFERING
DISCLAIMER STATEMENT
DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential.
STATEMENT: It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made
available to any other person or entity without the written consent of The Boulder 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. The Boulder Group has not
made any investigation, and makes no warranty or representation.
The information contained in this Offering Memorandum has been obtained from sources we believe to be
reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained
herein, nor has The Boulder 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.
NET LEASE INVESTMENT OFFERING
EXECUTIVE SUMMARY
EXECUTIVE The Boulder Group is pleased to exclusively market for sale the fee simple interest in a single tenant absolute triple
SUMMARY: net leased Pizza Hut located in Memphis Tennessee. The property is strategically located in a heavily trafficked retail
corridor. The Pizza Hut lease expires August 31, 2021 and features and four 5-year renewal option periods. The
lease is guaranteed by NPC International, the world’s largest Pizza Hut Franchisee. NPC International currently
operates more than 1,226 Pizza Hut units in 27 states and more than 184 Wendy’s units in 5 states.
The 3,509 square foot building sits on a 1.0 acre parcel along Singleton Parkway (18,241 VPD) and just off of
Austin Peay Highway (23,381 VPD). The property has excellent visibility and easy interchangeable access along
the north-south thoroughfare. The Pizza Hut is located near multiple residential communities, businesses and
schools. Retailers located in the area include Walmart Supercenter, Walgreens, Firestone and Kroger. Additionally,
the property is located across from Methodist North Hospital (246 Beds). There are 139,939 people living within a
five-mile radius of the property and the average household income is approximately $70,000 within 3 miles.
Pizza Hut has 16,796 locations worldwide making it the world’s largest pizza restaurant chain and fourth largest
fast-food chain (as measured by units). Pizza Hut is a subsidiary of Yum! Brands, which also owns KFC and Taco
Bell. Yum! Brands has over 45,000 restaurants in more than 135 countries and territories, making it one of the
world’s largest restaurant companies. Yum! Brands, Inc is a publically traded company on the New York Stock
Exchanges using the symbol “YUM”.
NET LEASE INVESTMENT OFFERING
INVESTMENT HIGHLIGHTS
INVESTMENT • Store sales are well above average for a Pizza Hut
HIGHLIGHTS:
• Located in Memphis
• Tennessee is a tax free state
• NPC International is the world’s largest Pizza Hut Franchisee
• Absolute triple net with zero landlord responsibilities
• Exceptional visibility and easy access
• Drive-thru
• 139,939 people live within five miles of the property
• Retailers located in the immediate area include Walmart Supercenter, Walgreens, Firestone and Kroger
• Located across from Methodist North Hospital (246 Beds)
• Rental escalations in each option period
• Average household income of approximately $70,000 within three miles of the property
NET LEASE INVESTMENT OFFERING
PROPERTY OVERVIEW
PROPERTY
Price: $1,323,700
OVERVIEW:
Cap Rate: 13.00%
Net Operating Income: $172,081
Rental Escalations: 5% in each option
Renewal Options: Four 5-Year
Lease Commencement Date: August 31, 2001
Lease Expiration Date: August 31, 2021
Guarantor: NPC International, Inc.
Year Built: 2000
Lease Type: NNN - No Landlord Responsibilities
Building Size: 3,509 SF
Land Size: 1.0 Acres
NET LEASE INVESTMENT OFFERING
PHOTOGRAPHS NET LEASE INVESTMENT OFFERING
AERIAL NET LEASE INVESTMENT OFFERING
SITE PLAN NET LEASE INVESTMENT OFFERING
MAP NET LEASE INVESTMENT OFFERING
DEMOGRAPHIC REPORT
DEMOGRAPHIC
Population 1-Mile 3-Mile 5-Mile
REPORT:
Total Population 6,679 61,861 139,939
Total Households 2,423 21,819 49,656
Income 1-Mile 3-Mile 5-Mile
Median Household Income $55,764 $55,383 $52,174
Average Household Income $72,822 $69,475 $66,137
NET LEASE INVESTMENT OFFERINGMARKET OVERVIEW
MARKET Memphis, Tennessee
OVERVIEW: Memphis is a city located in southwestern Tennessee and is the county seat of Shelby County. Memphis
had a population of 652,717 in 2016. The greater Memphis metropolitan area, including adjacent
counties in Mississippi and Arkansas, had a 2010 population of 1,369,548. This makes Memphis the
second-largest metropolitan area in Tennessee, surpassed only by metropolitan Nashville. Memphis is
the youngest of Tennessee’s major cities.
The city’s central location has led to much of its business development. Located on the Mississippi River and intersected
by five major freight railroads and two Interstate Highways, I-40 and I-55, Memphis is ideally located for commerce in the
transportation and shipping industry. A third interstate, I-69, is under construction, and a fourth, I-22, has recently been
designated from the former High Priority Corridor X. The city is home to Memphis International Airport, the world’s second
busiest cargo airport (following Hong Kong), which serves as a primary hub for FedEx Express shipping. Memphis is the
home of three Fortune 500 companies: FedEx, AutoZone, and International Paper.
NET LEASE INVESTMENT OFFERINGTENANT OVERVIEW
TENANT Pizza Hut
OVERVIEW: Pizza Hut is an American restaurant chain and international franchise founded in 1958 by Dan and Frank Carney. The company
is known for its Italian-American cuisine menu including pizza and pasta, as well as side dishes and desserts. In 2003, WingStreet
was introduced as a hybrid combo tenant with existing Pizza Hut franchises. The two brands are almost always located together.
WingStreet restaurants sell breaded and traditional Buffalo wings for take-out and delivery.
Pizza Hut is headquartered in Plano, Texas and has over 16,000 locations worldwide. It is the world’s largest pizza restaurant
chain and fourth largest fast-food chain (as measured by units). Pizza Hut is a subsidiary of Yum! Brands, which also owns
KFC and Taco Bell. Yum! Brands has over 45,000 restaurants in more than 135 countries and territories, making it one of the
world’s largest restaurant companies. Yum! Brands, Inc is a publically traded company on the New York Stock Exchanges using
the symbol “YUM”.
In July 2017, Yum! Brands announced plans to invest $130 million in Pizza Hut to upgrade equipment improve restaurant
technology and boost advertising spending through 2018. Pizza Hut will be hiring 14,000 new delivery drivers by the end of 2017.
Website: www.pizzahut.com
Number of Locations: 16,796
Number of Employees: 350,000 +/-
Headquarters: Plano, Texas
Parent Company: Yum! Brands
Parent Stock Symbol: YUM (NYSE)
Market Capitalization: $26 billion
NPC International, Inc.
NPC International, Inc. currently operates more than 1,226 Pizza Hut units in 27 states and more than 184 Wendy’s units in 5
states making them the world’s largest Pizza Hut Franchisee. NPC International is the seventh largest restaurant unit operator
in the United States and currently employs over 36,000 individuals. Founded in 1962, they have been operating Pizza Hut
locations since the 1980’s and have been growing their Pizza Hut holdings consistently over the past two decades. NPC is
now the largest Pizza Hut franchisee in the United States and represent approximately 20 percent of the domestic Pizza Hut
restaurant system.
Website: www.npcinternational.com
Number of Locations: 1,410
Number of Employees: 36,000 +/-
Headquarters: Overland Park, KansasRandy Blankstein
President
847.562.0003
randy@bouldergroup.com
3520 Lake Avenue, Suite 203
Wilmette, IL 60091
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