Globally Recognized Tenant: Pizza Hut (NYSE: YUM) – Successful 100-Unit Operator – Pizza Hut is the largest pizza chain in the world, operating over 16,000 restaurants and 350,000 team members in more than 100 countries. Pizza Hut is a subsidiary of YUM! Brands, Inc. (NYSE: YUM), the largest restaurant company in the world with over 43,500 restaurants in more than 135 countries and territories. YUM! Brands is ranked number 218 on the Fortune 500 list.
GC Pizza Hut LLC is the #1 Franchisee-Large Owner/Operator in the Pizza Hut System, New England Region, operating 100 stores across New York, Massachusetts, Connecticut, Vermont, New Hampshire, Maine, and Tennessee.
Unit Level Sales 48% Above Pizza Hut National Average – High Performing Location – The Tenant has reported unit level sales that are roughly 48% above Pizza Hut’s national average (Source: Statistica.com 2016), alleviating future vacancy risk concerns for a future investor.
New 20-Year Absolute NNN Lease – Strong Rent Growth – Zero Landlord Responsibilities – Upon close of escrow, the tenant will execute a 20-year lease upon close of escrow that will feature 10% increases every 5 years, offering an investor a steady income stream with rent growth as a hedge against inflation.
Located on Main Artery To/From Downtown Tilton – Proximity to Interstate 93 – Strong Traffic Counts – The subject property is located along E. Main St/Highway 132, which is the main artery to/from downtown Tilton from Interstate 93 (28,000 CPD), making it an easy on/off stop for visitors traveling to/from Concord (19 miles away), Manchester (37 miles away) and Boston, MA (87 miles away) and offering excellent visibility to traffic counts of 19,000+ cars per day.
Excellent Retail Synergy on Main Retail Corridor – Minutes from Tanger Outlet Stores – E. Main Street is a major retail corridor and includes major tenants such as Lowe’s, Kohl’s, Chili’s, MB Tractor & Equipment, Aspen Dental, USPS, TD Bank, Northway Bank, Walmart Supercenter, Market Basket, Burger King, Taco Bell, Shell, McDonald’s, BJ’s Wholesale, Staples, and Hampton Inn. The Tanger Outlet Stores are located nearby, with retailers Banana Republic, Gap, Nike, Brooks Brothers, Eddie Bauer, Bass, Carter’s, and Coach, as well as restaurants Starbucks, Uno Pizzeria, Wendy’s, and 99 Restaurants.
Proximity to Concord, Capital City of New Hampshire – Centrally Located to Nearby Metropolitan Cities – Tilton is located just 19 miles north of Concord, the capital of New Hampshire. Concord’s central location in the northeast business corridor, coupled with high-quality support services, has made it one of the most desirable communities in New Hampshire in which to live and work. Its cultural and educational resources are among the best in the region. Also, its proximity to the Merrimack River and typical New England rural areas complements the high-quality service of its commercial areas and comfortable nature of its residential neighborhoods. The City of Concord has earned numerous designations & awards including: “One of the Five Best State Capitals Nationwide” (SmartAsset); “Seventh Best U.S. Capital City in which to live” (WalletHub); and “Crown Community Award” (American City & County Magazine).