GOLDEN CHICK 8248 Airline Hwy Baton Rouge, LA 70815 OFFERING MEMORANDUM LISTED BY:

ANDREW GROSS SENIOR ASSOCIATE DIRECT 214.295.4511 MOBILE 435.659.1404 [email protected] LIC # 01987860 (CA)

FRANK COLUNGA ASSOCIATE DIRECT 214.295.4228 MOBILE 979.587.0599 [email protected] LIC # 725771 (TX)

BROKER OF RECORD KYLE MATTHEWS LIC NO: 9005919 (TX)

™ INVESTMENT HIGHLIGHTS

TENANT HIGHLIGHTS • Golden Chick is an emerging brand with 184 locations and growing! Golden Chick currently has locations in Texas, Florida, Oklahoma, South Carolina, and now in Louisiana. • Franchisee is currently expanding his operations and is building this brand new construction Golden Chick for their third location. • Brand New Construction – Site will be complete in 2020 and will have a 20 year lease at the close of escrow. • LOCATION HIGHLIGHTS • Fantastic location surrounded by national tenants that include: • Walmart Supercenter, Lowe’s, Home Depot, Wendy’s, Sonic Drive-In, Advance Auto Parts, Firestone, Raising Cane’s, , McDonald’s, KFC, , CVS, O’Reilly Autoparts. • This location is also near the Louisiana State Police Headquarters, and Louisiana State University, and the Baton Rouge Metropolitan-Ryan Field Airport.2 Mile Radius 22.68%

LEASE HIGHLIGHTS • New Construction, New 20 year long term investment that will commence at the close of escrow. • Zero Landlord Responsibilities. Absolute NNN Tenant pays for CAM, insurance, maintenance repairs, and replacement to the building. • Annual 1.5% increases. This allows the investor to hedge against inflation throughout the term of the lease.

GOLDEN CHICK - BATON ROUGE, LA | 3 SURROUNDING TENANTS

S. CHOCTAW DR ± 15,940 VPD

WOODDALE BLVD ± 12,380 VPD

AIRLINE HWY ± 51,100 VPD

FLORIDA BLVD ± 51,700 VPD

4 | MATTHEWS REAL ESTATE INVESTMENT SERVICES FINANCIAL OVERVIEW GOLDEN CHICK TENANT SUMMARY LIST PRICE

$1,921,739 TENANT Golden Chick

8248 Airline Hwy PROPERTY ADDRESS CAP RATE Baton Rouge, LA 70815

5.75% TYPE OF OWNERSHIP Fee Simple LEASE GUARANTOR Corporate Guarntee

LEASE TYPE NNN YEAR BUILT ROOF AND STRUCTURE Tenant Responsible 2020 ORIGINAL LEASE TERM 20 Years

LEASE COMMENCEMENT TBD SQUARE FOOTAGE RENT COMMENCEMENT TBD

± 9,067 SF LEASE EXPIRATION DATE 8/1/40 TERM REMAINING ± 20 Years

INCREASES 1.5% Annually ACREAGE OPTIONS Four (4), Five (5) Year Options ±1.55 AC

GOLDEN CHICK - BATON ROUGE, LA | 5 ANNUALIZED OPERATING DATA

Lease Commence Monthly Rent Annual Rent CAP Year 1 $5,501.00 $110,500 5.75% Year 2 $5,583.52 $112,158 5.84% Year 3 $5,667.27 $113,840 5.92% Year 4 $5,752.28 $115,547 6.01% Year 5 $5,838.56 $117,281 6.10% Year 6 $5,926.14 $119,040 6.19% Year 7 $6,015.03 $120,825 6.29% Year 8 $6,105.26 $122,638 6.38% Year 9 $6,196.84 $124,477 6.48% Year 10 $6,289.79 $126,345 6.57% Year 11 $6,384.14 $128,240 6.67% Year 12 $6,479.90 $130,163 6.77% Year 13 $6,577.10 $132,116 6.87% Year 14 $6,675.75 $134,098 6.98% Year 15 $6,775.89 $136,109 7.08% Year 16 $6,877.53 $138,151 7.19% Year 17 $6,980.69 $140,223 7.30% Year 18 $7,085.40 $142,326 7.41% Year 19 $7,191.68 $144,461 7.52% Year 20 $7,299.56 $146,628 7.63%

6 | MATTHEWS REAL ESTATE INVESTMENT SERVICES TENANT OVERVIEW » Company Name » Year Founded » Headquarters Golden Chick 1967 Richardson, Texas THE OFFERING » Type » Industry » Website Subsidiary Fast Casual www.goldenchick.com PROPERTY NAME Golden Chick

Property Address 8248 Airline Hwy Golden Chick, is a franchisor serving . The company is headquartered Baton Rouge, LA 70815 in Richardson, Texas. Jim Stevens, who was previously the president of America replaced Mark Parmerlee on May 24, 2019 and is now the current president. SITE DESCRIPTION Number of Stories One The first restaurant was opened in 1967 in San Marcos, Texas, under the name Golden Fried Chicken. Franchising started in 1972. There are currently 180 stores operating in Texas, Oklahoma, South Carolina, Year Built 2020 Georgia, and Florida, Amman, Jordan and further plans for international development including one in China. GLA ±9,067 SF

Lot Size ±1.55 AC In 2017, Golden Chick celebrated its 50th anniversary, and sponsored Texas Country Reporter. The parent company of Golden Chick, Golden Tree Restaurants has other subsidiaries ~ Heff’s Burgers, Jalapeno Tree, Type of Ownership Free Simple JC’s Burger House, Texadelphia and Fireside pies.

GOLDEN CHICK - BATON ROUGE, LA | 7 8 | MATTHEWS REAL ESTATE INVESTMENT SERVICES AREA OVERVIEW

BATON ROUGE, LA PROPERTY DEMOGRAPHICS Situated on the Mississippi River, Baton Rouge represents the best of Louisiana’s POPULATION 1-MILE 3-MILE 5-MILE vibrant culture. Th state capital, Baton Rouge is a thriving city that is home to both LSU and Southern University and numerous businesses and industrial 2020 Estimate 3,436 70,845 202,160 facilities. Known for its unique food and its lively music, Red Stick has something HOUSEHOLDS 1-MILE 3-MILE 5-MILE for everyone - including a local government that cares. Baton Rouge is 2020 Estimate 1,524 29,904 83,289 Louisiana’s Capital City and the hub of all things Louisiana. Baton Rouge is centrally located just an hour from both New Orleans and Lafayette. Baton INCOME 1-MILE 3-MILE 5-MILE Rouge is the perfect city to explore all of the culture Louisiana has to offer. Baton 2020 Median $60,590 $68,949 $70,786 Rouge houses over 300 years of history that can be tasted in delectable food, Household Income seen throughout the distinct architecture and learned through unique culture.

GOLDEN CHICK - BATON ROUGE, LA | 9 ECONOMY

Baton rouge enjoys a strong economy that has helped the city be ranked as one of the “Top 10 Places for Young Adults”. The Baton Rouge’s metro area’s economy is growing at a faster rate than predicted. In the past two years, Baton Rouge has seen above 3% in job growth. The Baton Rouge area’s job growth has outperformed peer cities like Austin, Birmingham, and Columbia.

The industrial sector will contribute to the addition of some 6,000 new jobs next year, at a growth rate of 1.5%, according to economist Loren Scott’s annual Louisiana Economic Outlook report. Another 8,100 new jobs are projected for 2020 in the Baton Rouge area, at a growth rate of nearly 2%, according to the report. 45,202 Total Enrollment

EMPLOYERS EMPLOYEES State of Louisiana 22,120 #65 Turner Industries 9,671 Kiplinger’s Top 100 East Baton Rouge Parish Public Schools 6,250 Public Colleges Louisiana State University 5,600 City of Baton Rouge 4,612 highest rated public university in Louisiana

$300,000,000 HIGHER EDUCATION awarded in financial aid Louisiana State University and Agricultural and Mechanical College, generally known as & scholarships each year Louisiana State University is a public, coeducational university that is the flagship campus of the Louisiana State University System. Enrollment stands at over 31,000 students, with 1,300 full-time faculty members. 2 IN 3 students graduate with Southern University and A&M College is parts of the only historically black land grant university ZERO debt system in the United States. Southern became a land-grant school in 1890, and an Agricultural and Mechanical department was established. The university is the largest HBCU in Louisiana. Virginia college opened in October 2010 and offers students training in areas like Cosmetology, Business, Health and Medical Billing

MATTHEWS REAL ESTATE INVESTMENT SERVICES BATON ROUGE ZOO The Baton Rouge Zoo is the perfect place for family friendly fun all year long. The zoo is home to animals from around the world including tigers, black rhinos, flamingos, alligators and giraffes. The Baton Rouge Zoo also takes strides in the conversation and protection of animals by participating in 30 international Species Survival Plans for critically endangered species. The zoo also hosts a number of events throughout the year including the Zoo Lights and Brew at the Zoo, among others.

OLD LOUISIANA STATE PARK LSU TIGER STADIUM

The Old State Capitol offers a look into Louisiana’s LSU sports and particularly the football program rich culture. The National Historic Landmark stands have a huge economic impact in Baton Rouge. An high on a bluff overlooking the Mississippi River. It LSU football game is a huge attraction. Tiger Stadium houses the Old State Capital Museum of Political has become the fifth largest stadium in the nation History that contains several state of the art exhibits. and packs nearly 100,000 fans. LSU home football The “Castle on the River” is the recipient of games are events talked about year round and distinguished awards for architecture and exhibit happenings in Tiger Stadium are passed down from design. Atop the cast iron staircase offers a view of generation to generation. Poll after poll has the stained glass cathedral dome in the unique proclaimed Tiger Stadium as one of the greatest sites blend of Gothic and Victorian architecture. anywhere for a football game - college or professional.

GOLDEN CHICK - BATON ROUGE, LA | 11 CONFIDENTIALITY AGREEMENT & DISCLAIMER This Offering Memorandum contains select information pertaining to the business and affairs of Golden Chick located at 8248 Airline Hwy, Baton Rouge, LA 70815 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal OFFERING MEMORANDUM liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. Baton Rouge, LA By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1. The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

12 | MATTHEWS REAL ESTATE INVESTMENT SERVICES OFFERING MEMORANDUM

Baton Rouge, LA

LISTED BY:

ANDREW GROSS SENIOR ASSOCIATE DIRECT 214.295.4511 MOBILE 435.659.1404 [email protected] LIC # 01987860 (CA)

FRANK COLUNGA ASSOCIATE DIRECT 214.295.4228 MOBILE 979.587.0599 [email protected] LIC # 725771 (TX)

BROKER OF RECORD KYLE MATTHEWS LIC NO: 9005919 (TX)

MATTHEWS™ 13