OFFERING MEMORANDUM Absolute NNN Lease Investment Opportunity 1148 S US-231 | Ozark, AL 36360 - Sands Investment Group
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
OFFERING MEMORANDUM
Absolute NNN Lease Investment Opportunity
1148 S US-231 | Ozark, AL 36360
Representative Image
03
INVESTMENT SUMMARY
• Investment Summary
• Investment Highlights
05
AREA OVERVIEW
• Location Map
Representative Image
• Aerial & Retail Map
• City Overview
Exclusively Marketed By: Sands Investment Group
09
TENANT OVERVIEW Rahill Lakhani Munir Meghjani
• Tenant Profile Lic. # 340279 Lic. # 366616
• Upcoming Remodels
770.648.1163 | DIRECT 678.770.2101 | DIRECT
rahill@SIGnnn.com munir@SIGnnn.com
12
PROPERTY OVERVIEW
• Lease Summary
• Brand Overview © 2018 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands Investment
• City Overview 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
In Cooperation with BoR: Andrew Ackerman - Lic # C0001099750 encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.
INVESTMENT SUMMARY Representative Image
OFFERING SUMMARY
PRICE $827,586
CAP 7.25%
NOI $60,000
PRICE PER SF $317.81
YEARS REMAINING 15 Years
LEASE GUARANTY Legacy Pizza LLC
PROPERTY SUMMARY
ADDRESS 1148 S US-231
Ozark, AL 36360
COUNTY Dale
BUILDING AREA 2,604 SF
LAND AREA 0.76 Acres
BUILT 1948
3
Actual Property Image
INVESTMENT HIGHLIGHTS
Representative Image
Investment • Brand New 15 Year Absolute NNN Lease with 8% Increases Every 5 Years
• Strong 22 Store Franchise Operator
Summary • Highly Experienced and Sought After Franchise Operator in the Southeast with 25
Years of Experience with Pizza Hut / Yum! Brand
• Soon to be Renovated by Tenant – Series 39 Remodel
Absolute NNN • Located in a Dense Retail Environment with Many National Retailers Such as: Walmart,
Lease Kroger, CVS, Rite Aid, McDonald’s, Checkers, Burger King, Family Dollar, Taco Bell,
Dairy Queen, Krystal and Captain D’s
44
55
LOCATION MAP
AERIAL MAP
Martindale Plaza
Shopping Center
Jim Whaley Tires
Express Lube OMEGA SPORTS /
Center Lee’s China SHOE BOX
Buffet
6
7
RETAIL MAPAERA OVERVIEW
9,410 VPD
19,750 VPD
SUBJECT PROPERTY DEMOGRAPHICS
3 Mile 5 Mile 10 Mile
Population 10,886 16,280 30,306
Average Household Income $113,258 $113,472 $117,604
98 Representative ImageTENANT OVERVIEW
Kamran Kurani is a successful professional, with long term restaurant operations Key Qualifications Include:
experience, starting back to his first location in 1989. His forte includes driving
market share, revenue, profit growth, Cap-ex structure, break-even modules,
marketing strategies, managing real estate portfolio’s, cash/stock investments and -Acquisition Negotiation
people capability. He has a talent for making rapid assessments of diverse
situational challenges, and then developing and leading the resulting action plans. -Strategic Asset Planning
From 2000-2007 Kamran served as the Director of Operations for K.G.R.U.S.
-Penetration & Expansion
(Kurani Global Restaurant United States), D.B.A Pizza Hut/WingStreet, Long John
Silvers and A&W. In addition, he has served as the Dunkin Donuts/Baskin Robbins
Operating Executive with full strategic planning, and P & L management -Market Analysis & Planning
responsibility for a $60 million corporation. Kurani has provided input within the
areas of sales and marketing, finance, human resources, information technology, -Human Resource Capabilities
training and administrative affairs. He has managed, created an infrastructure, and
oversaw the co-operative management of a strategic alliance in Atlanta, Georgia.
-Public Relations & Media Affairs
Key Pizza Hut Awards Include: -Strategic & Operational Planning
• Coaching Whistle Award #42 – Pat Murtha (CEO of Pizza Hut)
-Quality & Productivity Improvement
• Playmakers Clipboard Award # 557 – Jerry Buss (COO of Pizza Hut)
• Big Cheese #641 Exceptional Operator Award – Peter Hearl (Pizza Hut -Forecasting Budgeting & Cost Control
President)
• Maximizing Your Time in Restaurants Certificate – YUM! Brands -Legal Litigation & Contract Negotiations
• Multi-Brand Operations College Certificate – YUM! Brands
• Restaurant Operational Excellence Award – Bob Greenbaum (Franchise -Pricing Strategies & Product Introduction
Business Director)
9UPCOMING REMODEL: EXTERIOR 1.2 B1 B2
7.1 C1 OR C2
2.5
3.1 A6
L-424 G3 G6
A1 G1 G2 I1 I2 I3
J4 E1
2.2 A3 A10
2.3
2.2 A7 A8
L-417
OR
L-004
5.1 A2
2.4
Note: See Exterior Paint & Finish Scheduling Page for Specifications
03 SCOPE & PROCESS SITE BUILDING
BUILDING EXTERIOR
EXTERIOR BUILDING INTERIOR APPENDIX
GENERAL SCOPE | PAINTS,
PAINTS,FINISHES,
FINISHES,AND LIGHTING | BUILDING ELEMENTS | SIGNAGE | SCHEDULE | FAQS
& LIGHTING
10 39 SERIES MAJOR REMODEL LEVEL 1
The information contained in this document is confidential and intended for use by personnel of Pizza Hut, Inc., its subsidiaries, and franchisees. All rights are 28UPCOMING REMODEL: INTERIOR
P-M4 B1
W-M4 A2
P-M2
L-422 L1 L5
A1 A4 A5 A6 A7 A8
A9 A10 I1 J1 K2 L1
L9 M1 M2 M3
L-425 L2 L3 L4
L-537 L2 L10
L-539 L2 L10
L-540 L2 L10
L-538 L2 L10
L-541 L2 L10
L-428 L2 L10
L-528 L6
L-536 L7 L8
CF-M1
F1 F2
Note: See Interior Paint & Finish Scheduling Page for Specifications
C-M1 F3 F5
04 SCOPE & PROCESS SITE BUILDING EXTERIOR BUILDING INTERIOR
BUILDING INTERIOR APPENDIX
GENERAL SCOPE | FINISHES & LIGHTING | ELEVATIONS | CEILING | BRANDING WALL & TV/MUSIC | COUNTER | BUFFET | RESTROOM | BOH | ARTWORK | SEATING LAYOUT | FURNITURE | SCHEDULE | FAQS
PAINTS AND FINISHES- MINOR & LEVEL 1
11 The information contained in this document is confidential and intended for use by personnel of Pizza Hut, Inc., its subsidiaries, and franchisees. All rights are 52LEASE ABSTRACT
LEASE SUMMARY
TENANT Pizza Hut Legacy LLC
A Building of Approximately
PREMISES
2,604 SF
LEASE COMMENCEMENT Close of Escrow
LEASE EXPIRATION 15 Years from Close of Escrow
LEASE TERM Brand New 15 Year Lease
RENEWAL OPTIONS 4 x 5 Years
RENT INCREASES 8% Every 5 Years
LEASE TYPE Absolute Triple Net (NNN)
USE QSR
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 No
12
12 Representative ImageActual Property Images
BRAND OVERVIEW
Pizza Hut is an American restaurant chain and international franchise, known for its Italian-
American cuisine menu including pizza and pasta, as well as side dishes and desserts. The
company has over 16,000 restaurants in more than 100 countries and is a subsidiary of Yum!
Brands, Inc.
Pizza Hut was founded in June 1958 by two Wichita State University students, brothers Dan
and Frank Carney, as a single location in Wichita, Kansas. The company announced a rebrand
that began on November 19, 2014. The rebrand was an effort to increase sales. The menu was
COMPANY PROFILE expanded to introduce various items such as crust flavors and eleven new specialty pies. Pizza
Hut is split into several different restaurant formats; the original family-style dine-in locations;
COMPANY TYPE Subsidiary of Yum! Brands store front delivery and carry-out locations; and hybrid locations that have carry-out, delivery,
and dine-in options. Some full-size Pizza Hut locations have a lunch buffet, with "all-you-can-
FOUNDED 1958 eat" pizza, salad, bread sticks, and a pasta bar.
# OF LOCATIONSz 16,000+ Pizza Hut also is the proprietor of the BOOK IT!® Program, which is a long-standing children’s
literacy program used in more than 630,000 classrooms nationwide.
S & P RATING BBB
HEADQUARTERS Plano, TX
WEBSITE www.pizzahut.com
PARENT COMPANY Yum! Brands
PUBLIC COMPANY NYSE: YUM
FOUNDED 1997
SALES VOLUME $13.1 Billion
NET WORTH $33.1 Billion
HEADQUARTERS Louisville, KY
WEBSITE www.yum.com Representative Image
13
11AREA OVERVIEW
The Ozark area was originally
inhabited by the Muscogee
people. It is said that Ozark
received its name after a
traveler visited and was
reminded of the Ozark
Mountains.
Ozark is the county seat of Dale County, Alabama. As
of 2016, Ozark has a population of 14,610.
Ozark is the principal city of the Ozark Micropolitan
Statistical Area, as well as a part of the Dothan-
Enterprise-Ozark Combined Statistical Area.
The Dothan–Enterprise–Ozark Combined Statistical
Area is a CSA made up of five counties in the
southeastern corner of the U.S. state of Alabama. The
statistical area includes one metropolitan area and
two micropolitan areas. Fort Rucker, the primary flight
training base for Army Aviation, abuts Ozark.
Ozark is a great place to live, play, raise a family and
build a business or spend your retirement years. Ozark
has a diversified economy, mild winter weather and is
convenient to several of the South's metropolitan
areas, as well as the beautiful white beaches of Florida.
Complementing the city's inviting business climate and
tax structure is a work force equipped with career
training from Ozark's educational institutions and those
within commuting distance.
Ozark is home to three sites listed on the National
Register of Historic Places: the Claybank Log Church,
the Samuel Lawson Dowling House, and the J. D.
Holman House.
14
11CONFIDENTIALLY 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:
Rahill Lakhani
Lic. # 340279
770.648.1163 | DIRECT
rahill@SIGnnn.com
Munir Meghani
Lic. # 366616
678.770.2101 | DIRECT
munir@SIGnnn.com
Sands Investment Group
1501 Johnson Ferry Rd, Suite 200
Marietta, GA 30062
844.4.SIG.NNN
www.SIGnnn.com
In Cooperation with BoR: Andrew Ackerman - Lic # C0001099750 Representative ImageYou can also read
