Pizza Hut - Memphis, TN (Package1) - The Jonna Group · Pizza Hut® is the world's largest pizza company, specializing in the pizzas you never have to settle for - Pan Pizza, Thin

MEMPHIS, TN

Pizza Hut

OFFERING MEMORANDUM

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure 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. Marcus & Millichap has not made any 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 Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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.

MEMPHIS, TN

Pizza Hut

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.

NON-ENDORSEMENT NOTICE

NET LEASED DISCLAIMER

Pizza HutMEMPHIS, TN

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Section 1 PRICING AND FINANCIAL ANALYSIS

Section 2 PROPERTY DESCRIPTION

Section 3 MARKET OVERVIEW

Section 4 DEMOGRAPHIC ANALYSIS

TABLE OF CONTENTS

Pizza Hut


PRICING AND FINANCIAL ANALYSIS

Annualized Operating Data

4030 Singleton PkyMemphis, TN 38128

Price $2,086,000

Down Payment 100% / $2,086,000

Rentable Square Feet 3,509

Price/SF $594.47

CAP Rate 8.25%

Year Built 2000

Lot Size 1.00 AC

Type of Ownership Fee Simple

Location

Rent Increases Annual Rent Monthly Rent

9/1/2001 - 8/31/2021 $172,081.00 $14,340.08

Base Rent ($49.04/SF) $172,081

Net Operating Income $172,081

Total Return 8.25% / $172,081

2

Tenant Trade Name NPC International - Pizza Hut

Ownership Private

Tenant Franchisee

Lease Guarantor Franchisee Guarantee

Lease Type Absolute Net

Roof and Structure Tenant Responsible

Lease Term 20 Years

Lease Commencement 8/31/2001

Rent Commencement 9/1/2001

Lease Expiration Date 8/31/2021

Term Remaining on Lease 5 Years

Increases Yes

Options 4 - 5 Year



Tenant Summary

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.

*Current annual rent is $163,887, with increase of 2 x CPI, (every five years) not to exceed 5% as of September 1, 2016. Value is on the increased NOI of $172, 081.

FINANCIAL OVERVIEW

3


Property Name Pizza Hut

Property Address 4030 Singleton Pky

Memphis, TN 38128

Property Type Net Leased Restaurant Fast Food


Tenant Trade Name NPC International - Pizza Hut

Ownership Private

Tenant Franchisee

Lease Guarantor Franchisee Guarantee

Lease Commencement Date 8/31/2001

Rent Commencement Date 9/1/2001

Lease Expiration Date 8/31/2021

Term Remaining on Lease 5 Years

Lease Type Absolute Net

Roof and Structure Tenant Responsible

Lease Term 20 Years

Increases Yes

Options to Renew 4 - 5 Year



TENANT OVERVIEW

4




NPC OVERVIEW

NPC is an institutional consolidator and developer of great time-tested restaurant brands. Our management team provides a unique partnership to

our franchisors to provide a professionally managed analytical partner to execute the brands’ strategy. NPC has a long history as an operationally

focused company that delivers strong, consistent financial performance and leverageable free cash flow.

Founded in 1962 - we currently operate more than 1,400 restaurants in 28 states. NPC International, Inc. operates more than 1,240 Pizza Hut units

in 27 states with significant presence in the Midwest, South and Southeast, representing approximately 20% of the domestic Pizza Hut restaurant

system. NPC Quality Burgers, Inc. is a wholly owned subsidiary of NPC International and currently operates more than 145 Wendy’s units in five

states.

NPC International, Inc. is the largest Pizza Hut franchisee and the largest franchisee of any restaurant concept in the United States according to the

2015 “Top 200 Restaurant Franchisees” by the Restaurant Finance Monitor. NPC is the eighth largest restaurant unit operator, based on unit count,

in the U.S.

NPC is owned by an entity controlled by Olympus Growth Fund V, L.P. and certain affiliated entities. In connection with the acquisition of NPC by

Olympus on December 28, 2011, the Company obtained debt financing consisting of a term loan, a revolving credit facility and the issuance of

Senior Notes that are registered under the Securities Act of 1933.

Pizza Hut® is the world's largest pizza company, specializing in the pizzas you never have to settle for - Pan Pizza, Thin 'N Crispy® Pizza, Hand-

Tossed Style Pizza and Stuffed Crust Pizza.

Our restaurants also include the WingStreet® product line in most of our locations. Dare to get real with our crispy fried WingStreet® wings, which

include bone-in and bone-out fried chicken wings tossed in one of eight delicious sauces and appetizers.

The Red Roof is an iconic symbol that spans the brand's 56 year history. Our Pizza Hut® restaurants are open seven days a week and serve both

lunch and dinner. We are the only large pizza company that offers dine-in service in addition to delivery and carry-out.


PROPERTY DESCRIPTION

Marcus & Millichap is pleased to present a free standing Pizza Hut restaurant located in Memphis, TN. The subject property was built in 2000 and is situated just off the hard intersection of Singleton Pkwy (22,000 VPD) and Austin Peay Hwy (28,000 VPD). The subject site sits adjacent to Walgreens and Firestone Auto Care, even sharing a common road to access an entrance point. Pizza Hut directly benefits from the extra traffic the Walmart Supercenter and Kroger generate from opposing corners. Also, several blocks away is Methodist North Hospital a 246 bed community hospital. The Spring Gate Rehab and Health Care Center, 233 bed reabilitation hospital, is situated behind Methodist North Hospital. Pizza Hut has five years remaining on an absolute net lease, which features 4 ‐ 5 year options with increases. The lease is guaranteed by NPC International, the world's largest Pizza Hut franchisee. Pizza Hut has a more than 50‐year history, beginning in 1958 in Wichita, Kansas. NPC opened its first Pizza Hut restaurant shortly after in 1962. Today, Pizza Hut is an iconic global brand that delivers more pizza, pasta and wings than any other restaurant in the world. NPC currently operates more than 1,240 Pizza Hut units in 27 states and more than 145 Wendy's units in 5 states.

Pizza Hut is an American restaurant chain and international franchise known for Italian‐American cuisine including pizza and pasta as well as side dishes and desserts. The company has over 15,000 locations worldwide as of 2015, and is a subsidiary of Yum! Brands, Inc., one of the world's largest restaurant companies.

Yum! Brands, Inc., based in Louisville, Kentucky, has nearly 43,000 restaurants in almost 140 countries and territories. Yum! is ranked #218 on the Fortune 500 List with revenues of over $13 billion in 2015 and is one of the Aon Hewitt Top Companies for Leaders in North America. The Company’s restaurant brands ‐ KFC, Pizza Hut and Taco Bell ‐ are the global leaders of the chicken, pizza and Mexican‐style food categories. Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in global retail development.

Investment Highlights

■ Pizza Hut is the Worlds Largest Pizza Company

■ NPC International is the Worlds Largest Pizza Hut Franchisee

■ Excellent Demographics; Memphis MSA

■ 140,000 Plus Population in 5 Mile Radius and Growing

■ Absolute Net Leased; No Landlord Responsibilities

■ Dine In Location with Wing Street Concept

■ No State Income Tax Except on Interest and Dividends

6




INVESTMENT OVERVIEW

7



The Offering

Property Pizza Hut

Property Address 4030 Singleton Pky

Memphis, TN 38128

Site Description

Year Built 2000


Lot Size 1.00 AC

Type of Ownership Fee Simple


PROPERTY SUMMARY

Local Map Regional Map

8




AREA MAPS

AERIAL PHOTO


9


This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age areapproximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.


MARKET OVERVIEW

11

MARKET OVERVIEW


Memphis, TN-MS-AR Metro


Geography

The Memphis metro covers 3,000 square miles over

eight counties in the states of Tennessee, Mississippi and

Arkansas. The Mississippi River runs through the

metro, forming the border between Tennessee and

Arkansas. Other rivers flowing through the region

include the Looseahatchie, Coldwater, Hatchie and

Wolf. The region is situated over four natural aquifers.

Market Highlights

Stable economy

■ A large corporate presence and diversifying industries

help to steady the metro’s economy.

Skilled workers

■ Memphis has a large, highly skilled logistics labor

pool that helps draw companies.

Affordable cost of living

■ The median home price in Memphis at $148,800 is

well below the national median.

MEMPHIS

12

MARKET OVERVIEW

Largest Cities in Metro by Population


* ForecastSources: Marcus & Millichap Research Services, U.S. CensusBureau, Experian

Region

The Memphis metro contains nearly 1.4 million

residents in the Tennessee counties of Shelby, Fayette

and Tipton; Crittenden County in Arkansas; and Tate,

DeSoto, Tunica, Benton and Marshall counties in

Mississippi. Shelby is the most populous county in the

metro and nearly 50 percent of the county’s population

resides in the city of Memphis.

Infrastructure

Interstates 40 and 55 intersect in Memphis, while I-240

completes a beltway around the city. Traffic flow

through the metro is further enhanced by I-69, which

connects I-55 with U.S. Highway 61 in Mississippi.

Memphis International Airport, located south of

downtown, is a major passenger airport and contains a

cargo hub for FedEx. The airport ranks as the busiest

U.S. airport for cargo traffic. Smaller general aviation

airports also service the region.

Memphis has six fully operational rail yards with a

container capacity of more than 2 million annual lifts.

By train, most of the U.S. and portions of Canada and

Mexico can be reached within two days. Five Class 1

railroads serve the metro.

The International Port of Memphis on the Mississippi

River is the fifth-largest inland port in the country,

handling between 12 and 20 million tons annually.


Memphis, TN 659,800

Bartlett, TN 56,600

Southaven, MS 52,200

Collierville, TN 45,700

Germantown, TN 39,800

Olive Branch, MS 35,600

Airports

■ Memphis International Airport

■ General Aviation Airports

Major Roadways

■ Interstates 40, 55, 69 and 240

■ U.S. routes 51, 61, 63, 64, 70, 72, 78 and 79

Rail

■ Freight - Norfolk Southern, BNSF, Union

Pacific, CSX and Canadian National

Port

■ International Port of Memphis

The Memphis Metro is:

■ 210 miles from Nashville

■ 210 miles from Jackson

■ 240 miles from Birmingham

■ 380 miles from Atlanta

MEMPHIS

13

MARKET OVERVIEW


* ForecastSources: Marcus & Millichap Research Services, Port ofMemphis, Memphis and Shelby County Port Commission,Bureau of Economic Analysis, Moody’s Analytics, U.S. CensusBureau

Economy

The metro’s centralized location and favorable business

climate, including a low tax structure and “right to

work” status, lure companies to the region. Three

Fortune 500 companies are located in Memphis: FedEx,

Auto Zone and International Paper.

Distribution and logistics comprise a significant portion

of the region’s economy due to the metro’s location and

intermodal capabilities. Not only is the Memphis metro

the headquarters and hub for FedEx, but UPS and

USPS also have major operations here. In addition,

more than 400 trucking firms operate out of the area,

including Swift Transportation, YRC Worldwide and

Schneider National. Technicolor and Nike are among

the many companies that have major distribution

facilities located in the region, employing thousands of

workers. Nike has three local facilities that provide the

company’s major retail distribution for North America.

Recently, Nike completed a $301 million expansion of

their Northridge facility.

To further enhance business opportunities, city officials

remain dedicated to developing Airport City, also

known as the Aerotropolis Master Plan. Among other

objectives, the project will improve access to the airport

from business parks and downtown, which should

bolster space demand metrowide in years to come.

Other industries being promoted by local officials

include manufacturing, music, film, tourism and

international business.


International Port of Memphis Quick Facts

Dry Bulk Facilities 8

Dry Bulk Storage 581,000 tons

Grain Elevators 6

Grain Capacity 12.3 million bushels

Liquid Bulk Facilities 18

Liquid Bulk Capacity 89 million gallons

Economic impact $8.46 billion

MEMPHIS

14

MARKET OVERVIEW


Labor

Annual employment growth of 1.9 percent is expected in the Memphis metro through 2020, as the skilled

employment base helps attract companies. Businesses work with local schools and universities to provide the

necessary skills and training for today’s labor needs. The large logistics and distribution industry benefits from this

training. In fact, Memphis’ workforce has a higher percentage of logistics workers than any other metropolitan

area in the country.

The large logistics segment contributes to trade, transportation and utilities being the largest regional employment

sector, providing 27 percent of the area’s jobs, with 169,000 employees. This sector is followed by the professional

and business services and the education and health services sectors, which make up 15 and 14 percent of total

employment, respectively.

Through 2020, all major employment sectors will expand. The most dramatic job creation is expected in the

construction industry, which is forecast to expand by an average of 3.5 percent per year. Other segments of

Memphis’ employment will add jobs at a similar pace. The professional and business services and the education

and health services sectors will each post growth averaging more than 3.2 annually through the coming five years.


* ForecastSources: Marcus & Millichap Research Services, BLS, Moody’s Analytics

MEMPHIS

15

MARKET OVERVIEW


Major Private Sector Employers

Employers

The major employers in the metro cover a broad range

of industries. Healthcare plays a dominant role.

Employers in this industry include Methodist Le

Bonheur Healthcare, Baptist Memorial Health Care and

St. Jude Children’s Research Hospital. Medical services

companies provide tens of thousands of area jobs.

Among the largest employers in the trade,

transportation and utilities industry are Wal-Mart,

Kroger and FedEx. FedEx is the region’s most sizable

private employer with more than 30,000 employees.

The company is not only headquartered in Memphis

but also has a large distribution hub. The company has

acted as a catalyst for the area’s logistics and distribution

industry, which now also includes companies such as

UPS, Nike, Flextronics and New Breed Logistics,

among many others. International Paper and Mitsubishi

Electric Power Products are some of the newest

companies to expand or locate in the area. Mitsubishi

operates out of a $200 million facility in the Rivergate

Industrial Park, and International Paper continues to

add jobs in the region and recently moved into a new

office building.

The government sector, including federal, state, and

local entities, is also a significant employer in the metro.

One of the largest federal employers is the Naval

Support Activity Mid-South, located approximately 21

miles north of Memphis in Millington, Tennessee. The

facility employs thousands of workers.

* ForecastSources: Marcus & Millichap Research Services, BLS, Moody’sAnalytics, Experian


FedEx Corp.

St. Jude Children’s Research Hospital

Methodist Le Bonheur Healthcare

Baptist Memorial Health Care Corp.

Wal-Mart

Harrahs Entertainment Inc.

Naval Support Activity Mid-South

First Horizon National Corp.

The Kroger Co.

International Paper

MEMPHIS

16

MARKET OVERVIEW


Demographics

The Memphis metro contains a population of nearly 1.4

million people and is expected to add 59,300 residents

through 2020.

Growth will come from both in-migration due to job

gains and natural increases. A large percentage of area

residents are in their prime childbirth years, and as a

result, the metro has a higher percentage of children

under the age of 19 than the country. In addition,

residents in the 65-plus age bracket account for just 12

percent of the metro’s population, below the national

share of 14 percent. Accordingly, the median age, at

35.5 years, is below the U.S. median of 37.5 years. A

younger population bodes well for employers, as about

60 percent of the metro’s residents are of working age,

providing a large labor pool.

Eligible employees are also becoming more skilled as the

education level among residents is rising. In 2015,

approximately 26.7 percent of residents had obtained a

bachelor’s degree, up from 22 percent in 2000. During

this time, the number of residents who also completed

graduate studies rose from 7.5 percent to 9.0 percent.

Local institutions of higher learning enroll roughly

50,000 students annually.

Greater educational attainment often translates into

higher incomes. Through 2020, household incomes are

projected to increase 3.6 percent annually. The median

home price in Memphis is $148,800, which combined

with rising incomes, supports the metro’s

homeownership rate of 62.3 percent.

* ForecastSources: Marcus & Millichap Research Services, AGS, U.S.Census Bureau, Experian, Moody’s Analytics


MEMPHIS

17

MARKET OVERVIEW


The information contained in the market overview comes from sources deemed to be reliable, however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or reliability of the information contained herein. The most timely data available at time of production, including estimates and forecasts, were used and may be subject to revision.

Quality of Life

The “Blues City” region offers an attractive quality of

life for residents and visitors. Whether it is taking in the

vibes on Beale Street or walking along the Mississippi,

there is something for everyone to enjoy. Parks abound

in the area; in addition to Mud Island River Park and

Shelby Farms Park, there is the Memphis Botanic

Gardens, Lichterman Nature Center and Overton Park,

which includes the Old Forest Arboretum.

Major league sports are represented by the NBA’s

Memphis Grizzlies, and the Memphis Redbirds and the

Mississippi RiverKings are minor league baseball and

hockey teams. The Liberty Bowl Memorial Stadium

hosts the Liberty Bowl and University of Memphis

football. Additionally, numerous casinos in Tunica

County, Mississippi, offer gaming.

The metro provides a number of cultural amenities.

Museums include the Children’s Museum of Memphis,

Brooks Museum of Art, Pink Palace Museum, the

National Civil Rights Museum, and the Dixon Gallery

and Gardens. The Memphis Symphony Orchestra,

Ballet Memphis, Opera Memphis, as well as Theater

Memphis and the Poplar Pike Playhouse all call the

metro home. Music plays an important role in the

history of Memphis. Today, one can relive history by

touring Graceland, the former home of Elvis Presley, or

by visiting Sun Records or the former Stax Records,

which is now the Stax Museum.* ForecastSources: Marcus & Millichap Research Services, NationalAssociation of Realtors, Moody’s Analytics, U.S. Census Bureau


MEMPHIS


DEMOGRAPHIC ANALYSIS

1 Mile 3 Miles 5 Miles

2000 Population 4,590 56,674 129,124

2010 Population 6,078 60,783 136,859

2014 Population 6,202 62,235 140,476

2019 Population 6,598 63,901 144,165

2000 Households 1,774 20,328 46,747

2010 Households 2,216 21,548 48,902

2014 Households 2,271 22,138 50,385

2019 Households 2,423 22,872 51,978

2014 Average Household Size 2.71 2.80 2.78

2014 Daytime Population 1,774 9,841 33,284

2000 Owner Occupied Housing Units 74.42% 70.82% 67.27%

2000 Renter Occupied Housing Units 21.61% 24.81% 27.96%

2000 Vacant 3.97% 4.37% 4.77%



2014 Vacant 5.50% 7.45% 7.95%



2019 Vacant 5.74% 7.85% 8.31%

$ 0 - $14,999 11.6% 11.8% 12.5%

$ 15,000 - $24,999 10.6% 11.1% 12.2%

$ 25,000 - $34,999 9.4% 9.4% 11.3%

$ 35,000 - $49,999 18.9% 15.5% 14.9%

$ 50,000 - $74,999 20.6% 21.7% 20.8%

$ 75,000 - $99,999 11.2% 13.6% 12.9%

$100,000 - $124,999 7.4% 7.7% 7.3%

$125,000 - $149,999 2.9% 4.2% 3.6%

$150,000 - $199,999 4.2% 3.3% 3.0%

$200,000 - $249,999 1.1% 0.6% 0.6%

$250,000 + 2.0% 1.2% 1.1%

2014 Median Household Income $48,951 $52,455 $48,960

2014 Per Capita Income $25,558 $23,385 $22,349

2014 Average Household Income $68,933 $65,605 $62,180

Demographic data © 2012 by Experian.

19




DEMOGRAPHIC REPORT

Geography: 5 miles

Population

In 2014, the population in your selected geography is 140,475. The population has changed by 8.79% since 2000. It is estimated

that the population in your area will be 144,164 five years from now, which represents a change of 2.62% from the current year. The

current population is 47.18% male and 52.81% female. The median age of the population in your area is 33.5, compare this to the

Entire US average which is 37.3. The population density in your area is 1,787.86 people per square mile.

Households

There are currently 50,384 households in your selected geography. The number of households has changed by 7.78% since 2000. It

is estimated that the number of households in your area will be 51,978 five years from now, which represents a change of 3.16%

from the current year. The average household size in your area is 2.77 persons.

Income

In 2014, the median household income for your selected geography is $48,960, compare this to the Entire US average which is

currently $51,972. The median household income for your area has changed by 10.76% since 2000. It is estimated that the median

household income in your area will be $57,372 five years from now, which represents a change of 17.18% from the current year.

The current year per capita income in your area is $22,349, compare this to the Entire US average, which is $28,599. The current

year average household income in your area is $62,179, compare this to the Entire US average which is $74,533.

Race & Ethnicity

The current year racial makeup of your selected area is as follows: 41.99% White, 49.04% Black, 0.07% Native American and 1.51%

Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and

5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 8.72% of the current year

population in your selected area. Compare this to the Entire US average of 17.13%.

Housing

In 2000, there were 33,022 owner occupied housing units in your area and there were 13,724 renter occupied housing units in your

area. The median rent at the time was $519.

Employment

In 2014, there are 33,284 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed

that 63.30% of employees are employed in white-collar occupations in this geography, and 36.75% are employed in blue-collar

occupations. In 2014, unemployment in this area is 6.91%. In 2000, the average time traveled to work was 25.5 minutes.


20




SUMMARY REPORT

Number of people living in a given area per square mile.


21




POPULATION DENSITY

The number of people employed in a given area per square mile.


22




EMPLOYMENT DENSITY

Average income of all the people 15 years and older occupying a

single housing unit.


23




AVERAGE HOUSEHOLD INCOME

Two-way, average daily traffic volumes.Traffic Count data © 2012 by TrafficMetrix. All rights reserved.

24




* Traffic Count Estimate

TRAFFIC COUNTS

MEMPHIS, TN

OFFERING MEMORANDUM

Pizza Hut

Offices Throughout the U.S. and Canada

www.MarcusMillichap.com

Documents

Pizza Hut - Memphis, TN (Package1) - The Jonna Group · Pizza Hut® is the world's largest pizza company, specializing in the pizzas you never have to settle for - Pan Pizza, Thin