JJ’s Beer Garden & Brewing Co. 3615 N. Steele Boulevard, Fayetteville, Arkansas

SINGLE TENANT NNN FOR SALE / ABSOLUTE NNN LEASE INVESTMENT

SAGEPARTNERS.COM JET Enterprises, LLC owns and operates JJ’s Grills in trailer, a full bar in an Airstream trailer, heated spa- There are four large glass garage doors separating Arkansas. The first JJ’s opened in 2008. Since then, pool as well as a kid’s playscape area. the restaurant from the outside area and a JET has added eight additional locations. “catwalk” private party dining area that overlooks The huge outside stage for our weekly Free the brewery and main dining room. With micro-brewed craft beer being one of the Summer Concert Series which runs from late May hottest trends in the restaurant industry, the logical through early September featuring national touring Brewing action can be viewed through glass next step was for JJ’s to build and operate a acts drawing as many as 2500 guests. windows that separate the 225-seat dining area micro-brewery. The 14,004 SF multipurpose building from the brewery. is located on 3.26 acres at 3615 North Steele PREFORMING BANDS Boulevard in Fayetteville, Arkansas. The building Chase Rice Wanting total control of building process, JET houses JET’s corporate offices, JJ’s Beer Garden & Randy Rogers Band purchased the land and built the complex, but Brewing Company, LLC’s brewery and JET’s JBGB Kellie Pickler they are not in the business of owning real estate restaurant. The Strumbellas and would rather focus on the business of owning Eli Young Band and operating restaurants. Therefore, they are The outside features adult games such as bocci Better than Ezra considering the possibility of selling the land and ball, volleyball, table tennis tables, baggo and Houndmouth building with a lease back provision. shuffleboard. This area also includes a BBQ food Langhorne Slim

THE OFFERING

3615 N. Steele Boulevard | Fayetteville, AR

OCCUPANCY 100% BUILDING SIZE 14,041 SF LAND AREA 2.23± acres

Sale Price: $5,450,000 Cap Rate: 7.25% THE OFFERING

TOTAL PURCHASE PRICE $5,450,000 SITE FEATURES • 14,004 SF building consisting of: CAP RATE 7.25% • 5,579 SF JBGB restaurant • 3,274 SF JJ’s Beer Garden & Brewing Company RENT $395,125 Absolute NNN • 5,151 SF JET’s corporate offices (1.5% annual increase) • Outside game-music area with large stage for Free LEASE TERM 15 years with 4-5 year options Summer Concert Series, adult games, kids playscape, heated spa-pool, food trailer and full bar SITE AREA 2.23 acres (see site plan) • “Catwalk” for private parties and dining that overlooks BUILDING SIZE 14,004 SF the brewery and main dining room

FINANCIALS Available upon request • 100 paved parking spaces (additional parking currently under construction) SITE PLAN

2.23 acres AERIAL

37,000 Vehicles Per Day apartments

STEELE BOULEVARD

COLLEGE AVENUE

7,100 Vehicles Per Day

SUBJECT

PROPERTY apartments

41,000 Vehicles Per Day

FULLBRIGHT EXPRESSWAY NORTHWEST ARKANSAS RANKINGS

National publications, economists and university researchers recognize publication put Northwest Arkansas at No. 2 on its list of Best Medium-Sized Northwest Arkansas as one of the nation’s most successful regions. They are Cities for Jobs. All the midsize cities had 150,000 to 450,000 nonfarm jobs consistent with their praise of Northwest Arkansas, its counties and cities, in their metropolitan area. its economy and businesses, and its quality of life. It’s worth saying many publications and researchers’ lists show the city of Fayetteville as the place BEST-PERFORMING CITIES that’s being ranked, but the statistics used to determine the rankings make The Milken Institute, which published a new report in clear that the ranking is based on the success of the Northwest Arkansas January 2018, put the Fayetteville-Springdale-Rogers metropolitan statistical area (the Fayetteville-Springdale-Rogers MSA) Metropolitan Statistical Area’s economy at No. 25 among rather than any one city. Here are some examples of the praise that’s been large metropolitan areas. The region was especially strong heaped on Northwest Arkansas, its individual cities and its schools. in job growth.

REGIONAL RANKINGS BEST PLACES TO LIVE U.S. News & World Report put the Fayetteville-Springdale-Rogers BEST CITIES TO LAUNCH A CAREER (Northwest Arkansas) Metropolitan Statistical Area at No. 5 on its 2018 list Realtor.com in mid-2017 created a list of the 10 Best Cities to Launch a of Best Places to Live. Northwest Arkansas has stayed in the Top 5 for three Career. Northwest Arkansas joined far larger middle America regions on the years in a row. list, including Dallas, Kansas City and Nashville. Among the places listed, only Kansas City had a lower median home price. FASTEST-GROWING ECONOMY THROUGH 2022 The Fayetteville-Springdale-Rogers Metropolitan Statistical Area (Northwest BEST AFFORDABLE PLACES TO LIVE Arkansas) economy will continue to advance in big ways, according to a U.S. News & World Report put Northwest Arkansas at No. 8 on its April 2018 report by IHS Markit for the U.S. Conference of Mayors and The Council on ranking of the 25 Best Affordable Places to Live in the U.S. Metro Economies and the New American City. The report made public in mid-2018 show the region’s economic growth rate will remain solid through BEST MIDSIZE CITIES FOR JOBS 2022. Northwest Arkansas and just nine other metropolitan statistical areas Forbes put the Fayetteville-Springdale-Rogers MSA at No. 2 on its in the U.S. will maintain economic growth above 3 percent annually from list of Best Midsize Cities for Jobs. The ranking was published 2019-22. The report predicts a 3.7 percent annual growth rate in the region’s in May 2018. The publication noted the region’s job count is gross metropolitan product. up 20 percent since 2012.

BEST CITIES FOR JOBS MOST ECONOMIC GROWTH IN 2016 NWA in 2017 sat at No. 6 in a ranking of the nation’s Best NWA is No. 7 among 18 regions that will see the most economic growth in Cities for Jobs, according to NewGeography.com. The 2016, according to research by the U.S. Conference of Mayors in June 2015. FAYETTEVILLE RANKINGS

Money magazine in February 2018 selected cities in the Top 70 in its September revitalized downtown, where streets Fayetteville as No. 1 on its ranking of Best 2017 ranking of Best Places to are blocked off on Saturdays for Places for Singles Right Now. Live. Fayetteville led the way the 60-stall Fayetteville Farmers’ at No. 43, but Rogers (No. 45), Market.” The University of Arkansas System, which has Springdale (No. 58) and Siloam the flagship University of Arkansas located in Springs (No. 68) were each Fayetteville was identified by Fayetteville, was ranked at No. 65 in a list of the ranked, too. The ranking was Flipkey as one of Six Amazing world’s 100 top utility patent for cities with 10,000 to 100,000 Small Cities for a Family Vacation producing universities. The residents. in November 2016. The other five were KEY FACTS KEY FACTS EDUCATIONEDUCATION list was published in June Chapel Hill, N.C.; Columbia, Mo.; Rockville, Md.; 2015 by the National Ranked by Southern Living at No. 11 in its list Grand Rapids, Mich.; and Sioux Falls, S.D. Academy45,135 of Investors.45,135of The South’s Best31.9 College Towns,31.9 Fayetteville Population Populationwas cited for “a slew of music venues 8%and Men’s8% Journal identified Fayetteville as one of Money magazine put bars” but also Mediannoted AgethatMedian Dickson Age Street is the Fittest Places to Live in America in 2015. Fayetteville and three the “town’s life force on the weekends”No and High No High 24% 24% School School 2.2 2.2 Some College Some College other Northwest Arkansas connects the$46,048 University$46,048 of Arkansas to Diploma“the Diploma17% 17% 51% 51% Average Average Median HouseholdMedian Household High School High School Bachelor's/Grad/ProfBachelor's/Grad/Prof Household SizeHousehold Size Income Income Graduate Graduate Degree Degree AREA DEMOGRAPHICS KEY FACTS EDUCATION KEY FACTS BUSINESS BUSINESSEDUCATION ANNUAL HOUSEHOLDANNUAL HOUSEHOLD SPENDING SPENDING KEY FACTS EDUCATION 45,135 45,135 31.9 31.9 Population 8% Population 45,135 8% 31.9 8% Median Age PopulationMedian Age $2,014 $2,014 $169 $169 $3,306 $3,306 Apparel & Apparel & Computers & Computers & Eating Out Eating Out No High No High Median Age 24% School 24% Services Services Hardware Hardware School No High 2.2 2.2 Diploma Some College Some College 24% $46,048$46,0482,489 2,489Diploma 34,698 34,69817% School 51% 2.2 17% Diploma51% $4,556 $4,556Some College $4,800 $4,800 $46,048 Bachelor's/Grad/Prof Average Average Median HouseholdTotalMedian Businesses HouseholdTotal Businesses High SchoolTotal EmployeesHighTotal SchoolEmployeesBachelor's/Grad/Prof 17%Groceries Groceries Health Care51%Health Care Income Graduate Graduate Degree Degree Household Size Household Size Income Average Median Household High School Bachelor's/Grad/Prof Degree Household Size 3 mile radiusIncome esri business analyst Graduate BUSINESS BUSINESS INCOMEANNUALINCOME HOUSEHOLDANNUAL SPENDING HOUSEHOLD SPENDING BUSINESS ANNUAL HOUSEHOLD SPENDING

$2,014 $2,014$169 $169$3,306 $3,306 Apparel & Apparel Computers& & Computers$2,014Eating & Out Eating$169 Out $3,306 Apparel & Computers & Eating Out Services Services Hardware Hardware Services Hardware 2,489 2,489 34,698$46,04834,6982,489$46,048$33,289$33,28934,698$23,144$23,144 $4,556 $4,556$4,800 $4,800 Total Businesses Total Employees Groceries Health Care $4,556 $4,800 Total Businesses Median HouseholdTotalMedian BusinessesEmployees HouseholdPer Capita IncomePer CapitaTotal Income EmployeesMedian GroceriesNet WorthMedian Net Worth HealthGroceries Care Health Care Income Income INCOME INCOME INCOME

$46,048 $33,289 $23,144$46,048 $33,289 $23,144 $46,048 $33,289 $23,144 Median Household Per Capita Income MedianMedian Net HouseholdWorth Per Capita Income Median Net Worth Income Median Household Per Capita IncomeIncome Median Net Worth Income CONTACT INFORMATION

T.J. Lefler Zach Hocker Executive Vice President Associate 479 845 3000 479 845 3000 [email protected] [email protected]

T.J. Lefler has 13 years of experience working Zach Hocker is an Associate with a focus with national buyers and investment sales on investment sales along with both tenant properties and currently serves as a Principal and landlord representation. Prior to joining and Executive Vice President with Cushman Cushman & Wakefield | Sage Partners in 2018, & Wakefield | Sage Partners. Mr. Lefler has Zach was a student athlete at the University of leased/sold approximately 4,500,000 SF and Arkansas and graduated with a Bachelor’s in sold 3,000 acres throughout the state of Communication and a minor in Business. Arkansas.

CUSHMAN & WAKEFIELD | SAGE PARTNERS DISCLOSURE Cushman & Wakefield | Sage Partners has been engaged by the owner of the Property to market it for sale. Information concerning the Property has been obtained from sources other than Sage Partners and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any references to age, square footage, income, expenses and any other Property specific information are approximate. Any opinions, assumptions, estimates, or financial information contained herein are projections only and are provided for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. Buyers should conduct their own independent investigation and inspection of the Property in evaluating a possible purchase. The information contained herein is subject to change. Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance FINANCIAL SHEET

JBGB JET, Inc

JET INC. 2017 SALES 2018 EST. SALES JBGB & BREWERY EST. OFFICES $18.5 million RESTAURANT NET PROFIT $112,000 $3.5 million $500,000 JET INC. 2018 EST. SALES JBGB $20 million BREWERY ALL RESTAURANT EST. $144,000 $550,000 NET PROFIT $1.5 million BREWERY $84,000 COMPANY PROFILE

JJ’S BEER GARDEN & BREWING CO.

JET Enterprises, LLC owns and operates JJ’s Grills trailer, a full bar in an Airstream trailer, heated There are four large glass garage doors in Arkansas. The first JJ’s opened in 2008. Since spa-pool as well as a kid’s playscape area. separating the restaurant from the outside area then, JET has added eight additional locations. and a “catwalk” private party dining area that The huge outside stage for our weekly Free overlooks the brewery and main dining room. With micro-brewed craft beer being one of Summer Concert Series which runs from late the hottest trends in the restaurant industry, May through early September featuring national Brewing action can be viewed through glass the logical next step was for JJ’s to build touring acts drawing as many as 2500 guests. windows that separate the 225-seat dining area and operate a micro-brewery. The 14,004 SF from the brewery. multipurpose building is located on 3.26 acres PREFORMING BANDS at 3615 North Steele Boulevard in Fayetteville, Chase Rice Wanting total control of building process, JET Arkansas. The building houses JET’s corporate Randy Rogers Band purchased the land and built the complex, offices, JJ’s Beer Garden & Brewing Company, Kellie Pickler but they are not in the business of owning real LLC’s brewery and JET’s JBGB restaurant. The Strumbellas estate and would rather focus on the business Eli Young Band of owning and operating restaurants. Therefore, The outside features adult games such as bocci Better than Ezra they are considering the possibility of selling the ball, volleyball, table tennis tables, baggo and Houndmouth land and building with a lease back provision. shuffleboard. This area also includes a BBQ food Langhorne Slim