FOR SALE | RETAIL KENT HILL SCHLOTZSKY'S 10054 SE 256th Street | Kent, WA 98030

PRESENTED BY: PROPERTY HIGHLIGHTS

RICK GRAFF Absolute NNN Senior Advisor 425.218.8016 New Class A Construction [email protected] 15 year lease with 3 (5) year options

RILEY BETTINGER NOI $120,000 with 12% increases every 5 years Associate Advisor 206.708.4870 Strong Trafficoun c ts with approx. 30,000 vehicles per/day traveling [email protected] SE 256th St. WA #117069 Strong Multi Unit Operator

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. EXECUTIVE SUMMARY KENT HILL SCHLOTZSKY'S | 3,085 SF | KENT, WA

Executive Summary

SALE OVERVIEW PROPERTY DESCRIPTION -Absolute NNN SALE PRICE: $2,285,000 -Drive-Thru Location CAP RATE: 5.25% -Surrounded by popular retailers including: , ,

NOI: $120,000 McDonald's, Ezell's, Azteca, Taco Time, Ivar's, and

LOT SIZE: 0.54 Acres PROPERTY HIGHLIGHTS ▪ Under Construction scheduled to open November 2016 BUILDING SIZE: 3,085 SF ▪ 15 Year Lease with three (3), five (5) Year Options ▪ NOI $120,000 with 12% increases every 5 years MARKET: ▪ Strong Multi Unit Operator SUB MARKET: Kent ▪ Strong Trafficoun c ts with approx. 30,000 vehicles per/day traveling SE 256th St. SE 256th St. & 104th CROSS STREETS: Ave. SE ▪ Approx. additional 22,000 vehicles per/day traveling 104th Ave. SE

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 2 TENANT PROFILE KENT HILL SCHLOTZSKY'S | 3,085 SF | KENT, WA

Kent Hill Schlotzsky's

FOCUS Brands Inc.

Atlanta-based FOCUS Brands Inc. is the franchisor and operator of more than 4,500 ice cream shops, bakeries, , and cafés in the , the District of Columbia, Puerto Rico, and 60 foreign countries under the brand names ®, ®, Schlotzsky’s®, Moe’s Southwest Grill®, Auntie Anne’s®, McAlister’s Deli®, and Seattle’s Best Coffee® on certain military bases and international markets.

Schlotzsky's: Since 1971, has been the home of The Original® toasted . Not a typical fast-food franchise, the menu has evolved with customers' tastes to include the highest-quality , pizzas, salads and soups available today. With more than 350 locations worldwide, Schlotzsky's is the fast-casual choice for a quick, healthy and fresh dining experience. * Named top Bakery Sandwich Shop/Bakery chain by Restaurants & Institutions. Many of Schlotzsky's locations now feature Cinnabon treats and cobranding opportunities with Cinnabon Express

Cinnabon: Founded in Seattle in 1985, Cinnabon is the market leader among cinnamon roll bakeries. Cinnabon bakeries serve fresh, aromatic, oven-hot cinnamon rolls, as well as a variety of other baked goods and specialty beverages. Cinnabon currently operates more than 1,000 franchise locations worldwide, primarily in high-trafficenues v such as shopping malls, airports, train stations and travel plazas.

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 3 ADDITIONAL PHOTOS KENT HILL SCHLOTZSKY'S | 3,085 SF | KENT, WA

Additional Photos

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 4 ADDITIONAL PHOTOS KENT HILL SCHLOTZSKY'S | 3,085 SF | KENT, WA

Site Plan

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 5 ADDITIONAL PHOTOS KENT HILL SCHLOTZSKY'S | 3,085 SF | KENT, WA

Additional Photos

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 6 DEMOGRAPHICS REPORT KENT HILL SCHLOTZSKY'S | 3,085 SF | KENT, WA

Demographics Report

1 MILE 2 MILES 3 MILES Total households 6,698 20,989 37,620 Total persons per hh 2.6 2.7 2.7 Average hh income $52,105 $59,908 $67,562 Average house value $306,954 $311,493 $334,931

1 MILE 2 MILES 3 MILES Total population 17,426 56,613 103,151 Median age 29.1 30.9 32.4 Median age (male) 28.4 30.2 31.8 Median age (female) 29.3 31.3 32.9

* Demographic data derived from 2010 US Census

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 7 DEMOGRAPHICS MAP KENT HILL SCHLOTZSKY'S | 3,085 SF | KENT, WA

Demographics Map

POPULATION 1 MILE 2 MILES 3 MILES TOTAL POPULATION 17,426 56,613 103,151 MEDIAN AGE 29.1 30.9 32.4 MEDIAN AGE (MALE) 28.4 30.2 31.8 MEDIAN AGE (FEMALE) 29.3 31.3 32.9

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES TOTAL HOUSEHOLDS 6,698 20,989 37,620 # OF PERSONS PER HH 2.6 2.7 2.7 AVERAGE HH INCOME $52,105 $59,908 $67,562 AVERAGE HOUSE VALUE $306,954 $311,493 $334,931

* Demographic data derived from 2010 US Census

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 8 LOCATION MAPS KENT HILL SCHLOTZSKY'S | 3,085 SF | KENT, WA

Location Maps

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 9 ABOUT SVN® KENT HILL SCHLOTZSKY'S | 3,085 SF | KENT, WA

About SVN®

It’s a different world out there – the commercial real estate landscape has changed; it has perhaps changed forever. We don’t need to tell you times are challenging, your own experience has proven the need for different strategies and direction. You have demanded a different kind of broker – a proactive, collaborative, and proven advisor with deep local knowledge and a broad national footprint. The SVN Company of Affiliates has what you need.

Because It’s Right. Wall Street To Main Street.

Our culture is designed to ensure that our interests are aligned with We believe the SVN company of affiliates simply has the best those we serve. Why? Because it’s right. We have a long and very footprint in the market. We realize that transactions don’t just occur public history of setting the industry standard in this regard. Every in major markets, and as such we have uniquely built our brand SVN® company affiliate must agree in writing to abide by our Core around a platform that focuses on your needs. Our affiliates have Covenants – the first of which is this primary covenant: “I place my offices in major markets, as well as second and tertiary market. client’s interests above my own...” These covenants are more than Whether you’re seeking acquisition, disposition, advisory, mere words, they allow us to breathe and align as one organization. management, or capital markets assistance, we stand ready to They offer you the confidence of knowing our entire organization of serve your needs. Lipsey Co. has ranked the Sperry Van Ness affiliates is always thinking of what is best for you. It’s a different organization as one of the most recognized commercial real estate standard, driven by a different focus and supported by a unique, brands in the US for a reason – we know how to deliver a certainty committed and passionate culture built to challenge the status quo. of execution for our clients. Why? Because It’s Right. Tenacious. Defined. There are many things that go into creating a best-in-class Our message isn’t about us – it’s about you. We understand that commercial real estate company of affiliates or CRE Brand. While your success is our success and we never lose sight of that. We like ours offers proven and emerging technologies, an innovative to think that we have some of the brightest minds in the industry, business model, a strategic footprint and a culture of collaboration an innovative approach, a culture of sharing and collaboration, and and sharing, it is our tenacity that is the defining difference. Our a relentless commitment to service; but we prefer to let our actions affiliates understand our value is in breaking down barriers and and results speak louder than words. accelerating results for our clients. We know that we don’t earn your business by telling you how wonderful we are, but by creating a certainty of execution you can depend upon. We learned long ago Vision. that it doesn’t cost anything to work hard; it just takes a Our vision can be best summarized by our clear recognition that we commitment to a work ethic which is deeply ingrained in the SVN® have only one niche – our client. The bottom line is that we are built culture. It is this tenacious approach to relentlessly earn your to serve your needs across asset classes, practice areas, and business that has built the numerous longterm client relationships geographic boundaries. If you have a need we have both the for our affiliates, and which continues to validate our beliefs and capability and the competency to insure a successful execution. efforts. If you want evidence of our tenacity, look no further than our comprehensive approach to marketing. Every asset marketed within our system, SVN Connect®, receives its own custom online presence Leadership. cross- linked to a variety of other industry portals and fully integrate The SVN Company of Affiliates has an executive team with into state-of-the-art social media and search engine marketing tremendous integrity, continuity and experience. Along with our campaigns. We further augment our marketing efforts with National industry veterans, we embrace the talents and insights of our next marketing opportunities, email and telesales efforts to proprietary generation of leaders. You asked us to harness the incredible power investor and broker databases, and options like our accelerated that comes from the blending of institutional talent with a marketing platform. We simply leave no stone unturned. results-driven, entrepreneurial approach to doing the business – and we listened.

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 10