WENDY’S RESTAURANT

NNN Investment DAVE DELATORRE T 619 247 8585 2944 Harshman Road [email protected]

Dayton, 45424 7486 La Jolla Boulevard, Suite 173 La Jolla, California 92037 EXECUTIVE SUMMARY Wendy’s NNN Investment

PROPERTY Wendy’s Restaurant

LOCATION 2944 Harshman Road, Dayton Ohio 45424

SALES PRICE $2,190,000

CAPITALIZATION RATE 5.25%

RENT Year 1-5 Years 6-10 Year 11-15 Years 16-20 Monthly $9,583 $10,542 $11,596 $12,755 Annual $115,000 $126,500 $139,150 $153,065

BUILDING SIZE Large 3,148 square feet contemporary building that was constructed originally in 1991 and remodeled to Wendy’s current image standards in 2017

LAND PARCEL SIZE Approximately 43,560 square feet with plentiful parking.

PRIMARY LEASE TERM & OPTION PERIODS New 20 year lease term commencing August 1, 2018 with four additional 5 year options to extend at the same terms and conditions.

RENTAL INCREASES 10% rent increases every 5 years including options.

DAVE DELATORRE T 619 247 8585 [email protected] 2

7486 La Jolla Boulevard, Suite 173, La Jolla, California 92037 EXECUTIVE SUMMARY Wendy’s NNN Investment

TENANT INFORMATION MUY Hamburger Partners LLC was established in 2012 and is currently the second largest a Wendy’s franchisee who operates 312 Wendy’s restaurants in the Ohio, Texas, and New York markets. MUY Hamburger Partners operates a total of 31 restaurants in and around the Dayton area of Ohio. MUY Hamburger Partners also operate another 40 Wendy’s in the Cincinnati market & surrounding areas plus another 38 Wendy’s in Cleveland Ohio for a total of 109 Wendy’s Restaurants in Ohio.

MUY Hamburger Partners is part of the MUY Companies which operate another 364 Pizza Hut Restaurants in Texas, 6 southeast states, and Minnesota and who are one of the largest Pizza Hut franchisees in America. The MUY companies also own & operate 79 Taco Bell restaurants in 6 northeast states. The collective MUY Companies own & operate 754 restaurants and were recently recognized by Nation’s Restaurant News 2017 industry survey as the 5th largest franchisee in America with revenues approaching $1 billion. Please visit the company website at www.muycompanies.com for additional information on the company.

3 EXECUTIVE SUMMARY Wendy’s NNN Investment

COMMENTS The Wendy’s Restaurant is ideally located in the dense residential suburbs The Wendy’s site is also close to the 1,100 student Walter Stebbins High of northeast Dayton Ohio and these neighborhoods feature excellent fast School and 500 student Mad River Middle School. This Wendy’s location food demographics. A Kroger Grocery store is the primary grocery store also draws from 8,000+ acre Wright Patterson Airforce Base which has used by local residents which anchors the trade area as well as a cluster approximately 20,000 military personal and their families who are located of 6 national fast food restaurants & several strip retail centers which on or near the base. The Dayton market is considered a major market for creates considerable amount of synergy in the trade area. There are also MUY Hamburger Partners LLC who operates 31 Wendy’s restaurants in very favorable afternoon & early evening traffic patterns that create an the city and surrounding areas. The Dayton market is considered Wendy’s excellent amount of lunchtime and early dinner business at this location “home turf” as the company was founded in 1969 in Columbus Ohio and as traffic counts along Harshman Road exceed 30,000 cars per day. has it corporate headquarters in Dublin Ohio. Wendy’s average store This Wendy’s restaurant also draws from the prestigious Huber Heights sales volumes in Ohio are some of the highest in the nation as a result of residential neighborhoods to the north of the Wendy’s property which has Wendy’s being a home town favorite. some of the best demographics in the Dayton area.

The Wendy’s restaurant was originally constructed in 1991 so it has a 35+ year history of successful operations in this location which is an excellent track record of success. The large oversized 3,148 SF restaurant building was completely remodeled to Wendy’s current image standards in 2017 and is beautiful. The very large dining room offersone of the largest floor plans that Wendy’s operates with all of Wendy’s modern design features incorporated. The 43,560 SF land parcel is also very large and offers Wendy’s customers both plentiful parking along with an excellent drive thru facility.

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7486 La Jolla Boulevard, Suite 173, La Jolla, California 92037 PHOTOS Wendy’s NNN Investment

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7486 La Jolla Boulevard, Suite 173, La Jolla, California 92037 AERIAL VIEWS Wendy’s NNN Investment

LAND SURVEY & FLOOR PLAN

SYMBOL LEGEND FLOOR & FINISH PLAN GENERAL NOTES SITE NUMBER: 01697 SYMBOL DESCRIPTION BASE MODEL: CG3480 ASSET TYPE: FRANCHISEE

CLASSIFICATION: REFRESH

OWNER: MUY HAMBURGERS

BASE VERSION: 2016 JAN.

UPGRADE CLASSIFICATION:

N/A

PROJECT YEAR: 2016

FURNITURE PACKAGE: 2016

Harshman Rd. DESIGN BULLETINS: THRU DB 2015-02

Marc Brundige, Architect 8600 Freeport Parkway, Suite 310 Irving, TX 75063 Phone: 972.929.9226 Fax: 972.929.9061

CONDENSER PIPE CURB DETAIL DRINK STATION 17890 BLANCO ROAD, #401 SAN ANTONIO, TEXAS SCALE: 1 1/2" = 1'-0" N.T.S. 78232 PHONE: (210) 493-3505

PROJECT TYPE:

EQUIPMENT SCHEDULE #01697 2944 HARSHMAN ROAD DAYTON, OH 45424

REV. DATE DESCRIPTION

ISSUE DATE:

PROJECT NUMBER:

DRAWN BY:

CHECKED BY:

SUBJECT SEAL PROPERTY

SHEET NAME FLOOR, FINISH & EQUIPMENT PLAN

SHEET NUMBER

FLOOR, FINISH AND EQUIPMENT PLAN SCALE: 1/4" = 1'-0" 12/8/2016, 4:44 PM, P:\WENDY'S\16.143 01697 MUY Dayton-Harshman, OH\Construction drawings\09_CG3480_A1_1_FLOOR_PLAN.DWG, nmorga n

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7486 La Jolla Boulevard, Suite 173, La Jolla, California 92037 AERIAL VIEWS Wendy’s NNN Investment

Kroger Gas

Brandt Pike

Kroger Shops

SUBJECT

PROPERTY Harshman Rd. Harshman

2018 Demographics 1 Mile 3 Miles 5 Miles Traffic Counts Population Harshman Rd. 30,000 CPD Median Age Brandt Pike 21,500 CPD Avg. HH Income

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Huber Heights

Forest Ridge and Qual Hollow Neighborhood

SUBJECT PROPERTY

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SUBJECT PROPERTY

4

Avondale

DAVE DELATORRE T 619 247 8585 9 [email protected] MAPS Wendy’s NNN Investment

SUBJECT PROPERTY

SUBJECT PROPERTY

DAVE DELATORRE T 619 247 8585 10 [email protected] TRADE AREA Wendy’s NNN Investment

Kroger Grocery Store Kroger Grocery Store Shops Kroger Gas & C-Store

Gordon Food Service Wright Patt Credit Union Walter Stebbins High School

DAVE DELATORRE T 619 247 8585 11 [email protected] TRADE AREA Wendy’s NNN Investment

McDonald’s Restaurant Burger King Restaurant Taco Bell Restaurant

KFC Restaurant Tim Horton’s Cafe & Bakery Sonic Restaurant

DAVE DELATORRE T 619 247 8585 12 [email protected] TRADE AREA Wendy’s NNN Investment

National Tire & Battery Tire Discounters Dollar Tree

Pizza Hut Retail Center Family Dollar Center Retail Strip Center

DAVE DELATORRE T 619 247 8585 13 [email protected] AREA INFORMATION Wendy’s NNN Investment

Dayton, Ohio Dayton offers both a revamped has a variety of attractions and area full of unique activities, and suburbs that entertainment options that residents enjoy. provide close-knit communities for the many The Dayton Art Institute and Boonshoft who call the region home. Museum of Discovery are great places to visit for an afternoon. Performing arts lovers will As the hometown of first flyers Orville enjoy shows downtown at The Loft Theatre and Wilbur Wright, as well as the Wright- and Victoria Theater, as well as the Benjamin Patterson Air Force Base, Ohio’s sixth-largest and Marian Schuster Performing Arts Center. metro area is rich in aviation history. Aviation Fans of live music frequent the bars to see enthusiasts will appreciate the Dayton local bands play. Aviation Heritage National Historical Park, the National Museum of the U.S. Air Force fans enjoy watching the Wright and the Wright Brothers National Memorial. State Raiders and the . The Dayton Mall, Austin Landing and the Mall Those who enjoy spending time outdoors at Fairfield Commons offer a variety of will find nearly 20 different metro parks and shopping and restaurant outlets, as well as more than 330 miles of paved biking trails. the outdoor mall, The Greene. Nearby state Several historic neighborhoods and districts, parks, nature reserves and golf courses are a bike-share program and about a dozen great settings for outdoor recreation. craft and microbreweries add to Dayton’s cultural jewels.

DAVE DELATORRE T 619 247 8585 14 [email protected] DAVE DELATORRE T 619 247 8585 F 828 459 3066 [email protected]

7486 La Jolla Boulevard, Suite 173 La Jolla, California 92037