Buca di Beppo

Subject Property
Buca di Beppo
Greenwood, Indiana
Price: $1,784,000 — 6.25% Cap Rate

20-Year N/N/N Lease with Increases

Perfect 1031 Replacement Property

Excellent Access and Visibility on US Highway 31 N with Exposure to Over 42,000 VPD

Major Retail Corridor in Johnson County

Low Vacancy (4.1%) in Immediate Retail Trade Area
For more information, please contact:
In association with:
Colby Moore
415-677-0422
[email protected]
Bill French
317-639-0430
[email protected]
LIC # 01900405
INDIANA LIC #AB58900482
DTZ
www.thinknnn.com
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness.
Buca di Beppo
Greenwood, Indiana
LOCATION
659 US Highway 31 N, Greenwood, Indiana
LOT SIZE
Approximately 0.26 acre — 11,326± square feet
IMPROVEMENTS
Constructed in 2001, a 7,422± square foot freestanding BUCA DI BEPPO ITALIAN
RESTAURANT AND BANQUET FACILITY.
LEASE
Leased to BUCA RESTAURANTS, INC., a subsidiary of PLANET HOLLWOOD
INTERNATIONAL, INC., for 20 years from January 1, 2014 until December 31, 2033.
The annual net rent of $111,500 increases by 8% every five years throughout the
primary lease term. The lease is NNN with the tenant responsible for all taxes,
insurance and maintenance, including roof and structure. The landlord has no
obligations. There are four 5-year options to renew with 8% rental increases each
option period.
ANNUAL INCOME
YEARS
ANNUAL RENT
1–5
$111,500
6.25%
6 – 10
$120,420
6.75%
11 – 15
$130,054
7.29%
16 – 20
$140,458
7.87%
Option 1
$151,695
8.50%
Option 2
$163,831
9.18%
Option 3
$176,937
9.92%
Option 4
$191,092
10.71%
PRICE
$1,784,000 — 6.25% Cap Rate
RENT PER SQUARE FOOT
$15.02 net per year — $1.25 net per month
RETURN
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness.
CJM:dkw:0714:29
Buca di Beppo
BUCA DI BEPPO
Greenwood, Indiana
BUCA DI BEPPO is a collection of neighborhood restaurants with a lively
atmosphere and authentic Italian menu. In the spirit of Italian culture, its dishes are
meant to be shared and served family-style, perfect for passing around the table.
Buca di Beppo encourages guests to dine with family and friends while enjoying the
Italian traditions of food, friendship and hospitality. The first Buca di Beppo opened its
doors in 1993 in the basement of a Minneapolis apartment building.
The chain of 92 (87 company-owned, 5 franchises in UK) establishments is owned
by BUCA, INC., which was acquired by PLANET HOLLYWOOD INTERNATIONAL
INC., in September 2008.
Website: www.bucadibeppo.com
PLANET HOLLYWOOD
INTERNATIONAL, INC.
PLANET HOLLYWOOD, a world-renowned trademark established in 1991,
continues to expand its brand into a wide array of dynamic ventures such as the new
Planet Hollywood Resort & Casino in Las Vegas. The Resort & Casino was unveiled
and has positioned Planet Hollywood as the premier entertainment authority and
destination. Founder, Robert Earl, along with original partners and stockholders
Bruce Willis and Sylvester Stallone, continue to steer Planet Hollywood toward
exciting and new endeavors while enlisting the star power of Hollywood's brightest
celebrities. With world-class gaming, live entertainment, distinctive dining and out-ofthis-world shopping, Planet Hollywood provides guests of every age an unrivaled and
unforgettable entertainment experience.
For more information about Planet Hollywood please visit,
www.PlanetHollywoodIntl.com
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness.
CJM:dkw:0714:29
Buca di Beppo
SITE INFORMATION
Greenwood, Indiana
The subject property sits on approximately 0.26 acres of land and is comprised of
7,422 square feet of building space.
The subject property is located at 659 N US 31 North, Greenwood, Indiana. It is well
positioned on a major Indiana highway, US 31, which has an average traffic volume
of over 42,000 cars per day. Located just 12 miles south of Indianapolis in Johnson
County, Greenwood is one of various communities that make up the IndianapolisCarmel population of 1.7 million. The subject property is easily accessible via U.S 31
as well as Interstate 65. Greenwood's convenient location allows for an easy
commute to downtown Indianapolis.
TRAFFIC COUNTS (2011)
AREA RETAILERS
STREET
CLOSEST X-STREET
COUNT
US Hwy 31 N
North of Fry Road
30,900
US Hwy 31 N
South of Fry Road
32,970
Fry Road
West of US Hwy 31 N
13,350
Fry Road
East of US Hwy 31 N
10,760
Greenwood Park Mall (1,290,000 sf) — Greenwood Park Mall is the shopping
destination on the southside of Indianapolis, serving the nearby communities of
Greenwood, Whiteland, Franklin and Center Grove. The mall offers both indoor and
outdoor shops that specialize in women’s and children’s apparel, accessories and
more. Among the 150 plus stores, Greenwood Park Mall provides a diverse
shopping experience featuring anchor stores Von Maur, Macy’s, JCPenney, Sears,
Dick’s Sporting Goods, Barnes & Noble and regal Cinema. Greenwood Park also
have many exciting dining options that include The Cheescake Factory, BJ’s
Restaurant & Brewhouse and more.
Greenwood Pavilion — Acceptance Rac, buybuy BABY, Guitar Center, David’s
Bridal, Jo-Ann Fabric & Crafts, The Vitamin Shoppe, Value City Furniture, Viking
Sewing Machines, Verizon Wireless.
Greenwood Shoppes (80,257 sf) — Affordable Furniture, Allied Liquors Art Van
PureSleep - Greenwood, Carino's Italian, Computer Renaissance, D Cleaners, Don
Allen's Hair Care, Eyebrows By Afraa, Furnituremax, Half Price Books, King of
Laundry, Lee's Nails, Mattress World, McGee & Co Fine Jewelers, New China Buffet,
Uncle Bill's Pet Centers, Party City, Men’s Warehouse.
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness.
CJM:dkw:0714:29
Buca di Beppo
AREA RETAILERS
(CONTINUED)
Greenwood, Indiana
Shoppes at County Line (265,371 sf) — Old Time Pottery, Office Max, IRC Music,
Indy’s Incredible Pizza, Planet Fitness, hhgregg, Credit Union, Regency Beauty
Institute, Hancock Fabrics, and D.P. Shallos Restaurant.
Greenwood Shopping Center — AT&T, Babies "R" Us, Chase Bank, Chuck E.
Cheese's, Efmark Deployment 1, Inc., Famous Dave's, HPG Greenwood Corner
Shop, Indiana Blood Center, Kirkland's, Motherwork Inc., Nat City Investments Inc.,
RAC Acceptance, Performance Bicycle, Sun Tan City, T.J. Maxx, The Roomplace,
Toys"R"Us, Famous Dave’s, Jack in the Box, PNC Bank.
Greenwood Corner Shops (50,739 sf) — Center for Orthopedic Surgery, Ricci’s Deli,
CitiFinancial, Sylvan Learning Center, Central Indiana Blood Center, Kabuto
Japanese Steakhouse, Paul Mitchell Beauty School, Cinemark Movies 8.
Greenwood Point (135,865 sf) — Hobby Lobby, Michael’s, Tile Shop, Today’s
Furniture, Don Panblo’s Tex Mex, Buffalo Wild Wings.
Greenwood Place — Garden Ridge, The Roomplace, McDonald’s, Health America,
United Art & Education, AMcAllister’s Deli, Fifth Third Bank, Noodles and Company,
Moe’s Southwest Grill, Dunkin’ Donuts, Flower Factory, Lifestyle Family Fitness, Indy
Tire, Shoe Carnival, Burlington Coat Factory, PetSmart, Wingstop, Five Guys
Burgers, Plato’s Closet, Subway, AutoZone, Jiffy Lube.
Southport Centre (278,800 sf) — Wal-Mart Superstore, Party Store, Aaron’s Rent
Lee Nails, Comic Carnival, Disc Replay, Sally Beauty, Gamestop, Relax, Oriental
Buffet, Once Upon a Child, Revol Wireless, Fashion Bug, Dollar Tree, Joe’s Crab
Shack.
Car Dealerships — Hubler Cheverolet, Hubler Nissan, Bob Rohrman Indy Suzuki,
Indy Honda, Ray Skillman Southside Mitsubishi Kia, Ray Skillman Southside Buick
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness.
CJM:dkw:0714:29
Buca di Beppo
GREENWOOD, INDIANA
Greenwood, Indiana
Greenwood, in Johnson County, is the fastest-growing county in the state of
Indiana between 2010 and 2012. Greenwood has approximately 53,000 residents
and roughly 35,000 individuals reside just west of the Greenwood city limits in
unincorporated Center Grove. In all, 236,000 people live within seven miles of
Greenwood’s City Center. Greenwood is just eleven miles south of downtown
Indianapolis and is a contiguous suburb of the state’s capital. Five interchanges
connect the Greenwood area with Interstate 65, a major United States commerce
corridor that connects seaports in the Gulf of Mexico (Mobile, Ala.) with Nashville,
Louisville, Indianapolis and Chicago. Additionally, US Highway 31 and Indiana State
Roads 135 and 37 are major north-south highways connecting Greenwood to
Indianapolis to the north, and Bloomington (Ind.), Columbus (Ind.), Louisville (Ky.)
and points in between to the south. These highways serve as major retail, service,
office, and residential corridors that move thousands of drivers daily.
Greenwood benefits from its advantageous geographic location both in terms of
commerce and quality of life. Interstate and highway access, allow residents to easily
commute to downtown Indianapolis for businesses or employment. For
entertainment and recreation, Greenwood residents can attend athletic events at
Lucas Oil Stadium or Bankers Life Fieldhouse quicker than many residents of
Indianapolis proper. The City also benefits from the cultural and natural
attractions located to its south. Indiana University Bloomington, one of the leading
public research campuses in the country, is a 45 minute drive for Greenwood
residents. Also within 45 minutes of driving time is Brown County State Park- one of
Indiana’s most popular natural attractions receiving over 1.29 million visitors in 2013.
Greenwood is home to the U.S. headquarters of Endress+Hauser, a privately held
Swiss Corporation with over 8,500 employees and locations in 42 countries.
Greenwood is also home to Indiana American Water, a publicly-traded utility that
serves about 1.2 million Hoosiers in 126 communities. These firms combined with
businesses such as Nachi America, One Click Ventures, Nestle Waters North
America, and Ortho Indy have created a diverse employment base within the City
limits.
The closest major airport to Greenwood is Indianapolis International Airport (IND).
With an annual passenger count of over 7 million, and three runways, Indianapolis
International Airport is served by major U.S. & Canadian airlines offering direct flights
to all parts of the U.S. and Canada, with connections around the world.
Indianapolis Airport is also home to the world's second-largest FedEx Express
operation, and is known to offer some of the lowest airfares in the country.
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness.
CJM:dkw:0714:29
Buca di Beppo
DEMOGRAPHICS
Greenwood, Indiana
DEMOGRAPHICS
3-MILES
Population (2014)
Average HH Income
NOTE
5-MILES
7-MILES
82,418
171,441
252,895
$63,174
$71,989
$70,441
The information set forth herein has been received by us from sources we believe to
be reliable, but we have made no independent investigation of the accuracy or
completeness of the information and make no representations with respect thereto.
The above is submitted subject to errors, prior sale or lease, change in status, or
withdrawal without notice.
INDIANA
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness.
CJM:dkw:0714:29
Buca di Beppo
Greenwood, Indiana
PROPERTY PHOTOGRAPHS
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness.
CJM:dkw:0714:29
Buca di Beppo
Greenwood, Indiana
MAP
SUBJECT
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness
Buca di Beppo
Greenwood, Indiana
MAP
SUBJECT
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness
Demographic and Income Comparison Profile
Buca di Beppo Greenwood IN
659 US Highway 31 N, Greenwood, Indiana, 46142
Rings: 3, 5, 7 mile radii
Latitude: 39.62437
Longitude: -86.11873
3 mile
5 mile
7 mile
Census 2010 Summary
Population
Households
Families
Average Household Size
Owner Occupied Housing Units
Renter Occupied Housing Units
Median Age
79,687
32,389
20,453
2.44
18,689
13,700
35.0
165,464
65,237
44,064
2.52
44,387
20,850
35.8
244,582
94,627
63,978
2.56
64,098
30,529
34.9
2014 Summary
Population
Households
Families
Average Household Size
Owner Occupied Housing Units
Renter Occupied Housing Units
Median Age
Median Household Income
Average Household Income
82,418
33,462
20,953
2.44
19,129
14,333
35.9
$51,066
$63,174
171,441
67,528
45,366
2.52
45,656
21,872
36.7
$56,877
$71,989
252,895
97,724
65,783
2.56
65,855
31,869
35.7
$55,184
$70,441
2019 Summary
Population
Households
Families
Average Household Size
Owner Occupied Housing Units
Renter Occupied Housing Units
Median Age
Median Household Income
Average Household Income
86,391
35,065
21,820
2.44
20,122
14,943
36.8
$58,567
$70,671
180,293
70,940
47,472
2.53
48,078
22,862
37.4
$66,389
$79,782
265,632
102,540
68,818
2.56
69,389
33,151
36.4
$64,226
$78,275
0.95%
0.94%
0.81%
1.02%
2.78%
1.01%
0.99%
0.91%
1.04%
3.14%
0.99%
0.97%
0.91%
1.05%
3.08%
Trends: 2014-2019 Annual Rate
Population
Households
Families
Owner Households
Median Household Income
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2014 and 2019.
July 11, 2014
©2014 Esri