Globally Recognized Tenant: Pizza Hut – Successful 74-Unit Operator – Largest Pizza Hut Franchisee in Northeast Region – Pizza Hut is the largest pizza chain in the world, operating over 18,000 restaurants and 350,000 team members in more than 110 countries. Pizza Hut is a subsidiary of YUM! Brands, Inc. (NYSE: YUM), the largest restaurant company in the world with over 45,000 restaurants in more than 135 countries and territories. YUM! Brands is ranked number 494 on the Fortune 500 list.
The Franchisee is the largest Owner/Operator in the Pizza Hut System, New England Region, operating 74 stores across New York, Massachusetts, Connecticut, Vermont, New Hampshire, Maine, and Tennessee (largest Pizza Hut operator in Northeast Region).
Top 5 Performing Store in Franchise – Minimal Effect from Covid-19 – Ideal 5.4% Rent to Sales Ratio – Extremely Low Rent – Long-Term Passive Investment – This store is take out only, so the COVID-19 stay-at-home orders have had no effect on store sales, and the store has been performing very well. It is one of the Top 5 performers in the franchise chain. The Tenant has reported an ideal 5.4% rent to sales ratio and the tenant is paying an extremely low rent. These crucial metrics reflect a high probability this location is profitable and alleviates any future vacancy risk concerns.
New Construction – New 20-Year Absolute NNN Lease – Rent Growth – Zero Landlord Responsibilities – Ideal 1031 Exchange Property – The tenant will commence a new 20-year lease upon close of escrow that features 10% increases every 5 years in the Primary Term and the (4) 5-year Option Periods, offering an investor a steady income stream with rent growth as a hedge against inflation.
Adjacent to 282,000-SF Towne Center Shopping Center – Tenants Include Restore Habitat for Humanity, Family Dollar, AutoZone – Retail Synergy – The site is adjacent to Towne Center, a 282,000-square-foot shopping center with tenants AutoZone, Family Dollar, Restore Habitat for Humanity, State Farm, Evergreen Federal Credit Union, and the Henrietta Deparment of Motor Vehicles, providing for retail synergy and a draw to the trade area.
Located Along Henrietta Rd/SR-15A – Major Retail Corridor – Proximity to National Retailers, Restaurants – The subject property is located on E. Henrietta Rd/SR-15A, less than one mile from the on/off ramp to Interstate 390 (67,734 cars per day), offering excellent visibility to traffic counts of 22,000 cars per day. E. Henrietta Rd is a major traffic corridor, and is home to national retailers Family Dollar, AutoZone, Walgreens, CVS, and Dollar Tree, as well as restaurants including Tim Horton’s, McDonald’s, and Domino’s, providing outstanding synergy and an excellent draw to the trade area.
Located in Rochester – 3rd-Largest City in New York – Strong Economy – Educated Workforce – The subject property is located just 7 miles from Downtown Rochester, the county seat of Monroe County in northern New York. With an estimated population of 206,290 in 2018, it is the third most populous city after New York City and Buffalo. It is part of the Rochester metropolitan area, which has a population of 1.2 million people. Rochester is a six hour drive from New York City, 3 1/2 hours from Toronto and 90 minutes from Niagara Falls.