The subject property is a freestanding Pizza Hut Restaurant (under construction) located in Amarillo, Texas. This store will replace a very successful ‘delivery only’ unit 1 mile away. This new location will have both dine-in and delivery business. The franchise operator brings his 30 years of experience within the Pizza Hut system. Tumbleweed Pizza Partners has the exclusive rights in the Amarillo market and operate 9 units. Traffic generators sharing this intersection include CVS Pharmacy, Discount Tire, First Bank of Texas, Blockbuster,Pak a Sak convenience store. Additional traffic generators to the north of the site include Wal*Mart, Lowe’s, Buffalo Wild Wings, Chili’s Bar & Grill, AutoZone, O’Reilly Auto Parts, Sherwin Williams Paints, Burger King, Taco Bueno, Chick Fil-A, Payless ShoeSource, World Bank, Citi Bank, and Interstate Bank.

Tenant: Tumbleweed Pizza Partners
Tumbleweed Pizza Partners is part of Pizza Partners Inc., operator of 26 Pizza Hut Restaurants in Texas. Tumbleweed Pizza Partners own and operate 9 units in Amarillo, Texas. They control 45% of the pizza business in Amarillo. Principal, Mike Baird has been in the Pizza Hut system for more than 30 years and is regarded as one of the premier franchise operators. Prior to becoming a Pizza Hut franchise, Mr. Baird held several positions with Pizza Hut Inc., the last, being Director of Franchise Operations for the PHI domestic market. Company-wide revenues are $23.8 million with 2006 EBITDA of $1.8 million. Mr. Baird has assembled a winning team to manage and grow their business. Nearly 50% of their stores sales exceed $1.0 million.