Papa John’s

Interested in selling your Papa John’s NNN property or Papa John’s ground lease property and was wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market Papa John’s NNN property for sale or Papa John’s ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Papa John’s NNN property or the inclusion of a Papa John’s ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Papa John’s properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of January 2023, Papa John’s has over 5,300 stores in 50 countries and territories. Of these, over 2,600 are located in the United States and Canada.

Revenue and income

In 2022, Papa John’s total revenue was $2.82 billion. Net income was $97 million.

Future plans

Papa John’s plans to continue expanding its global footprint. In 2023, the company plans to open over 500 new stores worldwide. Papa John’s also invests in new technologies, such as digital ordering and delivery innovations.

Corporate vs. franchise

About 60% of Papa John’s stores are franchised, and the remaining 40% are corporate-owned. Franchisees typically pay a franchise fee and royalty fee based on the specific franchise agreement.

Additional information Papa John’s Properties

Papa John’s was founded in 1984 in Jeffersonville, Indiana.
The company is known for its quality pizza and “Better Ingredients, Better Pizza” slogan.
Papa John’s is one of the most oversized pizza delivery and carryout chains in the world.
The company’s most popular products include various pizza options and breadsticks.
Papa John’s is a publicly traded company listed on the NASDAQ stock exchange under the symbol “PZZA.”

Papa John’s History

Papa John’s traces its roots back to 1984 when John Schnatter founded the company in Jeffersonville, Indiana. The brand became known for its commitment to quality pizza and the slogan “Better Ingredients, Better Pizza.” Over the years, Papa John’s grew and expanded across the United States, establishing itself as a popular pizza delivery and carryout chain.

Why Invest in Ground Lease and NNN Lease of Papa John’s?

Investing in Papa John’s ground lease and triple net (NNN) lease properties offers compelling reasons:

1) Papa John’s NNN Property Investment: Stable income

With a well-established brand and a strong market presence, Papa John’s provides reliable income streams. Ground and NNN leases offer predictable cash flows over the long term.

2) Papa John’s NNN Property Investment: Established tenant

Papa John’s successful and recognizable brand reduces the risk of vacancy or lease default, ensuring a stable tenant for the property.

3) Papa John’s NNN Property Investment: Low management responsibility

In-ground and NNN leases, the tenant manages property maintenance and expenses, minimizing the landlord’s management obligations.

4) Papa John’s NNN Property Investment: Favorable lease terms

Long lease terms with built-in rent escalations provide predictable income and potential rental growth.

5) Papa John’s NNN Property Investment: Real estate value

Papa John’s strategic locations in high-traffic areas can increase property value, offering potential capital appreciation.

Pros and Cons of Papa John’s Ground Lease and NNN Lease Investment

Pros:

1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.

Cons:

1. Lease renewal risk when the term expires.
2. Dependency on Papa John’s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.

Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.