(Click to View Map) 4404 Tanglewood Lane Odessa, TX 79762 Pricing Price $2,350,000 High Performing Tenant | Prime NNN Asset Cap Rate 5.65% Wienerschnitzel Approximate Building Square Footage 1,977 SF Year Built 2008 Approximate Lot Size 0.57 Acres

Financing Options Multiple financing options are available based on buyer requirements. Please contact listing agents to discuss options in detail. 3-Year Fixed 5.06% - 5.20% Headquarters Irvine, 5-Year Fixed 5.13% - 5.28% Website www.wienerschnitzel.com 7-Year Fixed 5.22% - 5.37% Founded in 1961 by John Galardi with a single hot dog stand in Wilmington, California, Wienerschnitzel has grown to be the world’s Annualized Operating Data largest hot dog chain serving more than 120 million hot dogs a year; and the chain VIEW PROPERTY VIDEO Lease Year Annual Rent Monthly Rent Rent Increases Year 1 - 5 $132,000 $11,000 is famous for their delicious secret-recipe Year 6 - 10 $145,200 $12,100 10% chili used to smother on fries, hot dogs and Year 11 - 15 $159,720 $13,310 `10% burgers. Year 16 - 20 $175,692 $14,641 10% Option 1: Year 21 - 25 $193,261 $16,105 10% Option 2: Year 26 - 30 $212,587 $17,715 10% Option 3: Year 31 - 35 $233,846 $19,487 10% Option 4: Year 36 - 40 $257,230 $21,435 10% The Recipe for Success Highlights Option 5: Year 41 - 45 $282,953 $23,579 10% Founded in 1962 (55 Years Ago) • Brand New Long-Term Lease | 20-Year Initial Term With Five, Five-Year Options to Extend Net Operating Income $132,000 • Close Proximity to the Intersection of 42nd Avenue and Tanglewood Lane With Combined Revenue of $249.3 Million in 2017 Traffic Counts of 56,200 Cars Per Day • One Mile From The University of Permian Basin | Nearly 6,050 Students Tenant Summary World’s Largest Hot Dog Franchise • Frontage Along Tanglewood Lane With Traffic Counts Exceeding 16,200 Cars Per Day Lease Commencement 2019 Six Consecutive Years, Same-Store Sales Increase Desirable • Fee Simple Absolute Triple-Net Lease | Land and Building Lease | Investor Able to Lease Expiration 2039 Depreciate Asset Original Term 20-Year Lease Brand and Business Model Option Term Five, Five-Year Options • Seasoned Operator With Exclusive Experience Operating Wienerschnitzels, , and Carl’s Jr. in California in Texas With Strong Sales Increases 10 Percent Every Five Years Top Franchises of 2017 Guarantee Personal Guarantee • Strong Sales History | Profitable Unit Lease Type Absolute Triple-Net (NNN) 358 Locations • Excellent Restaurant Location | Located Next to the Music City Mall | Retailers Include Landlord Responsibilities Tenant Responsibility Footlocker, Finishline, Payless, Radioshack, Sears, Regal Cinemas, JcPenney, Dillard’s, and Burlington Lease Term Remaining 20 Years Simple Operations With Low Food Costs

• Music City Mall | Double-Digit Increases in Traffic Flow in 2017 Higher Profit Margin vs. Traditional Quick-Service Restaurant

Kevin Boeve Neil Naran Timothy Speck Senior Vice President Investments Associate Broker of Record

Tel: (909) 456-3450 Tel: (909) 456-3476 Tel: (972) 755-5200 [email protected] [email protected] [email protected] CA License: 01247016 CA License: 02025512 TX License: 0432723

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 are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap Odessa, TX Third Fastest-Growing Small City in the | #1 Fastest Growing Region in the United States Odessa Regional Medical Center | 225-Bed Hospital | One of

the Top Employers in the Region In 2016, The Largest Continous Oil and Gas Deposit Ever Student Housing - Found in the United States Was Found in the Midland Basion Portion of the Texas’ Permian Basin | Worth Around $900 Billion At Current Prices Permian Basin Investments Expected to Grow by $32 Billion 1 Mile Away ( 5-Minute Drive) in the Next Five Years | Capital Expenditures For Oil and Gas Exploration and Production Expected to Rise from Eight Billion Dollars Made in 2016 to $40 Billion by 2021

Demographics

1 Mile 3 Miles 5 Miles - Population 12,351 64,418 120,342 Households 4,988 24,331 43,877 Average Household $73,992 $67,221 $57,117 - PERMIAN BASIN - Income Music City Mall Enrollment: 5,900+

42 nd Avenue - 40,000 Cars Per Day

- Tanglewood Avenue - 16,200 Cars Per Day -

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- 79 Rooms - -

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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 are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap