Peter Piper Pizza Investment Offering Albuquerque, NM 87112

1000 Juan Tabo Blvd NE Peter Piper Pizza Investment Offering Albuquerque, NM 87112

INVESTMENT OFFERING

Peter Pipers is an Arizona-based pizza chain with locations in Arizona, California, Florida, New Mexico, Texas, Oklahoma, Nevada, and Mexico, and formerly in Colorado, Utah, and Michigan. Restaurants usually have a large dining area that adjoins a game room with playground equipment and classic arcade games. Lease Guaranteed by parent company, CEC Entertainment, Inc., a Kansas Corporation. CEC Entertainment, Inc. develops, operates, and franchises family dining and entertainment centers (venues) under the names of Chuck E. Cheese’s and Peter Piper Pizza in the United States and internationally. T. As of January 1, 2017, the company had 747 venues, including 559 company-operated venues in 44 states and Canada; and 188 franchisees operated venues in 16 states, and 11 foreign countries and territories, including Chile, Colombia, Guam, Guatemala, Mexico, Panama, Peru, Puerto Rico, Saudi Arabia, Trinidad & Tobago, and the United Arab Emirates. The company was formerly known as ShowBiz Pizza Place, Inc. and changed its name to CEC Entertainment, Inc. in 1998. CEC Entertainment, Inc. was founded in 1977 and is headquartered in Irving, Texas. As of February 14, 2014, CEC Entertainment, Inc. operates as a subsidiary of Queso Holdings Inc.

• Stable Passive Income: Ground Lease. Located in the Northeast Heights of Albuquerque New Mexico, with strong demographics and high traffic counts. • 15 Year Term, Lease commenced November 2017. • Highly Desired Area, with several new developments nearby

Trade Area Overview

North East Heights Submarket- with I-40 access and Juan Tabo and primary arterial to the Sandia Tech Park, the Sandia National Lavatories, and Kirkland Air Force Base.

Surrounded by regional retailers, Albertsons, Target, Best Buy, Pizza Hut, Hobby Lobby, Starbucks

This property was just recently developed in 2017, as part of Peter Pipers plans to capture and under-served growing sub-market.

Price $2,227,272 Tenant Peter Piper, LLC Lease Guarantor CEC Entertainment, Inc. NOI $122,500.00 Cap Rate 5.5% Term 15 Year initial term with 3-5 year options Rent Commencement Nov 2017 Ground Lease No Landlord responsibilities Property Data Location NEC Juan Tabo and Sierra Grande Year Built 2017 Building area 8,250 SF Land size 1 Acres Traffic Counts Juan Tabo = 46k CPD Lomas Blvd = 22k CPD Area Tenants

Cottonwood North Mall Valley

ABQ Uptown Lifestyle Center Coronado Mall Albuquerque Subject Property

University of New Mexico Presbyterianpresbyterian Winrock Mall Hospital UNMH ABQ International Kirkland AFB Airport Sandia National Labs Jeff Martinez, Broker John Sedberry, Owner-Broker office: (505) 855-7650 office: (505) 855-7650 [email protected] [email protected] www.SedberryNM.com www.SedberryNM.com 1000 Juan Tabo Blvd NE Trade Area Aerial Albuquerque, NM 87112

Sandia Candelaria Rd High School

Coronado Mall Menaul Blvd

ABQ Uptown

Lifestyle Center

TramwayBlvd

TramwayBlvd Juan Tabo Juan Blvd

Juan Tabo Juan Blvd

WyomingBlvd WyomingBlvd

Eubank Blvd Eubank Eubank Blvd Eubank

Winrock Indian School Rd

Town Center

Louisiana Blvd Blvd Louisiana Louisiana

Presbyterian SITE Hospital

Lomas Blvd Tingley Coliseum Los Altos Golf Course Manzano High School

Juan Tabo Blvd 46K CPD Supercuts Huong Thao Vietnamese Cuisine Lobo Anime & Comics Crest Pawn Shop Transformation Ministries Naka Sushi

The Amish Connection

Samon’s Electric Supply Family Dollar Awards Etc

Lomas Blvd 22K CPD

Manzano High School Triple A Buffet

Jeff Martinez, Broker John Sedberry, Owner-Broker office: (505) 855-7650 office: (505) 855-7650 [email protected] [email protected] www.SedberryNM.com www.SedberryNM.com 1000 Juan Tabo Blvd NE Demographics Albuquerque, NM 87112 AVERAGE HOUSEHOLD OVER 39% INCOME OF $2.6 billionlease exp. HOMES WITH VALUE TOTAL HOUSEHOLD $200K OR MORE $59,590 EXPENDITURES PER YEAR $ $ $ $ Area Tenants Estimated population $375 million 121,251

spent on Apparel, Manzano High School Personal Care & Entertainment $403 million spent on food & beverage DEMOS BASED ON 3 MILE RADIUS

The Duke City Education Albuquerque is located in the expanding Sunbelt part of the The University of New Mexico plays a significant role in the United States and Interstate 40 and Interstate 25. Albuquerque Albuquerque economy, serving as a large employer and also and has a population of approximately 880,000, or roughly 75 training the growing workforce. The university has more than percent of all residents in the Albuquerque metro area. 15,000 employees and an enrollment of nearly 29,000 students. More than half of the population of the metro lives within the Cost of Living Albuquerque city limits. The city, which was founded more than Albuquerque boasts a low cost of living to go along with its 300 years ago, is rich in history and culture but also has the wonderful climate and favorable business environment. dynamism of a modern, growing city. Several large public and Albuquerque's composite score in the ACCRA Cost of Living private employers provide the engines for growth in the area. Index is just below the national average of 100.

Employment Overview Albuquerque was named as one of the top places to build wealth The local labor force consists of nearly by Salary.com thanks to its reasonable housing, activities and 400,000 workers. The largest prices in general. employment sector is government, which is supported by the largest City Composite Index employer in the metro area, Kirtland Air Albuquerque 95.6 Force Base, which employs over 23,000 Boston 145.7 workers, including 3,400 civil service Denver 110.2 workers and 12,500 contractors. The base, along with mission Los Angeles 143.9 partners, the Department of Energy and Sandia National San Francisco 178.1 Laboratories, have annual economic impact on the Albuquerque Seattle 145.5 area of more than $4 billion. Government employment in the Las Vegas 109.5 Albuquerque MSA accounts for nearly one in every four jobs. Other large government employers include the Albuquerque Public Schools (14,800 workers), City of Albuquerque (5,500), State of New Mexico (4,950) and Bernalillo County (2,600).

The information contained in the following marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sedberry & Associates and should not be made available to any other person or entity without the written consent of Sedberry & Associates.

This marketing brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Sedberry & Associates have not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, pcb’s or asbestos, the compliance with state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intention to continue its occupancy of the subject property.

The information contained in this marketing brochure has been obtained from sources we believe to be reliable; however, Sedberry & Associates have not verified, and will not verify, any of the information contained herein, nor has Sedberry & Associates conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measure to verify all of the information set forth herein.

Jeff Martinez, Broker John Sedberry, Owner-Broker office: (505) 855-7650 office: (505) 855-7650 [email protected] [email protected] www.SedberryNM.com www.SedberryNM.com