pizza hut & wingstreet
TRANSCRIPT
DAVE DELATORRET 619 247 8585
7486 La Jolla Boulevard, Suite 173La Jolla, California 92037
PIZZA HUT & WINGSTREET
NNN Investment257 South Marschall Road
Shakopee, Minnesota 55379
Pizza Hut NNN InvestmentPROPERTYPizza Hut & WingStreet Restaurant
LOCATION257 South Marschall Road, Shakopee, Minnesota 55379
SALES PRICE$1,455,000
CAPITALIZATION RATE5.5%
RENT
BUILDING SIZELarge 2,720 square feet contemporary building that was constructed in approximately 1977.
LAND PARCEL SIZEApproximately 29,550 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 $6,667 $7,333 $8,067 $8,873
Annual $80,000 $88,000 $96,800 $106,480
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 Shakopee Pizza Hut is a very seasoned restaurant that has successfully operated in the location since 1977 with over 40 years of success
operations. The restaurant is strategically located in the heart of Shakopee retail trade area which is also adjacent to the majority of Shakopee’s residential population, Valley Faire Amusement Park, Canterbury Park, and the major industrial parks in North Shakopee.
Shakopee has experienced tremendous population growth doubling in size in the last 15 years with very favorable demographics with average household incomes approach $80,000 per year. Shakopee is also a
leader in growth in the industrial market as a number of large employers
have clustered in several large North Shakopee industrial parks including an Amazon fulfillment center, Shutterfly, Seagate Technologies, and numerous other industrial and distribution employers. The large number
of daytime employees in the trade area generate a strong lunch and after work business at the Pizza Hut location.
Pizza Hut is also the closest restaurant to the Valleyfair amusement park which is a 125 acre amusement park with over 70 rides and seven acre Soak City water park which draws a large number of visitors during summer
months. Pizza Hut receives a considerable amount of dinner and late-night business from Valleyfair visitors. Pizza Hut also receives a considerable amount of dinner and late-night business from Canterbury Park horse racing facility on weekends when the track is open. Canterbury Park has partnered
with a local developer for a $400 million project that will eventually include
DAVE DELATORRET 619 247 8585 [email protected]
7486 La Jolla Boulevard, Suite 173, La Jolla, California 92037
nearly 600 apartments, 100 townhouses and senior housing, and a boutique
hotel which will further strengthen the local trade area.
Shakopee is a suburb of the Minneapolis/St. Paul Twin Cities market with approximately 40,000 residents which is located approximately 30 minutes Southwest of downtown Minneapolis on the south side of the
Minnesota river. Shakopee is also the county seat of Scott County and houses with all of the Scott County administrative facilities and offices. Shakopee is a member of the Minneapolis-St. Paul metropolitan statistical
area - the sixteenth largest in the nation. Starting in 1995 Shakopee began to experience explosive population growth as a bedroom community to
the Twin City MSA which has lead to a number of new retail and commercial
developments throughout the city.
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Pizza Hut NNN InvestmentROCHESTER PIZZA HUT PHOTOS
DAVE DELATORRET 619 247 8585 [email protected]
7486 La Jolla Boulevard, Suite 173, La Jolla, California 92037
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Pizza Hut NNN InvestmentAERIAL VIEWS
DAVE DELATORRET 619 247 8585 [email protected]
7486 La Jolla Boulevard, Suite 173, La Jolla, California 92037
LAND SURVEY
SUBJECT PROPERTY
2017 Demographics 1 Mile 2 Miles 5 Miles
Population 13,051 35,852 77,843
Average HH Income $77,073 $76,453 $86,794
Total Households 4,539 12,488 27,184
7DAVE DELATORRET 619 247 8585 [email protected]
Pizza Hut NNN InvestmentAERIAL VIEWS
SUBJECT PROPERTY
4th Ave. E.
1st Ave. E.
Marschall R
d.
Pizza Hut NNN InvestmentAERIAL VIEWS
AMAZONFULFILLMENT
169
WEST JUNIOR HIGH SCHOOL
SUBJECT PROPERTY
SHAKOPEE VALLEYMARKETPLACE
SHAKOPEE CROSSROADS SHOPPING CENTER
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169
NORTH SHAKOPEE INDUSTRIAL PARKS
CANTERBURY PARK
DOWNTOWN SHAKOPEE RESIDENTIAL NEIGHBORHOODS
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Pizza Hut NNN InvestmentMAPS
SUBJECT PROPERTY
SUBJECT PROPERTY
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McDonalds Restaurant Burger King Restaurant Wells Fargo Bank
Office Building O’Reilly Auto Parts Napa Auto Parts
Pizza Hut NNN InvestmentTRADE AREA
5 West Restaurant & 2 Hotels
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Cub Foods Wells Fargo Bank Taco Bell Restaurant
Applebee’s Restaurant Arby’s Restaurant Retail Shops
Pizza Hut NNN InvestmentTRADE AREA
Shakopee Crossroads Shopping Center
12DAVE DELATORRET 619 247 8585 [email protected]
Super Target Kohl’s Office Max & Party City
Auto Zone & Shops Building St. Francis Regional Medical Facility
Shakopee Municipal Offices
Pizza Hut NNN InvestmentTRADE AREA
Shakopee Valley Marketplace
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Office Building Office Building Valley View Center East
Retail Center Eagle Crossing Shopping Center Shakopee City Hall & Municipal Office
Pizza Hut NNN InvestmentTRADE AREA
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Pizza Hut NNN InvestmentCITY OF SHAKOPEE
DAVE DELATORRET 619 247 8585 [email protected]
7486 La Jolla Boulevard, Suite 173, La Jolla, California 92037
Employment in ShapkopeeEmployment by Industry in Shakopee
Source: Quarterly Census of Employment and Wages, Minnesota Department of Employment and Economic Development
DAVE DELATORRET 619 247 8585 F 828 459 3066
7486 La Jolla Boulevard, Suite 173La Jolla, California 92037