HOOTERS RESTAURANT LAWRENCEVILLE (ATLANTA MSA), GA 704.379.1980 BERKELEYCAP.COM 1228 EAST MOREHEAD STREET | SUITE 200 CHARLOTTE, NC 28204 TRANSACTION TEAM STEVE HORVATH RANSOME FOOSE 704-379-1981 704-379-1985
[email protected] [email protected] MIKE LUCIER CARL BRENDES 704-943-3158 704-714-2363
[email protected] [email protected] MICHAEL HOWARD 704-943-3160
[email protected] BCA FIRM GA REAL ESTATE LICENSE NO.: H-64417 LOCATION MAP 860 Duluth Highway, Suite 900 Lawrenceville (Atlanta MSA), GA 30043 167K+ The site benefits from a total of 167,100 VPD on all surrounding roadways. 53.52% Population growth 2000- 2018 within one mile of site is 53.52%. 3 BERKELEYCAP.COM | 704.379.1980 5,391 1.01 SQUARE FEET ACRES HOOTERS RESTAURANT 860 DULUTH HIGHWAY, SUITE 900 LAWRENCEVILLE (ATLANTA MSA), GA 30043 P PROPERTY DETAILS 44 2006 TENANT HOA RESTAURANT HOLDER, LLC* PARKING SPACES YEAR BUILT NET OPERATING INCOME $172,512 RENT INCREASES 10% EVERY 5 YEARS RENT SCHEDULE RENT COMMENCEMENT AUGUST 1, 2006 ANNUAL % LEASE YEAR START END RENT INCREASE RENT EXPIRATION DECEMBER 31, 2033 YEAR 1-5 11/8/2018 12/31/2023 $172,512 - LEASE TYPE ABSOLUTE NET YEAR 6-10 1/1/2024 12/31/2028 $189,763 10.0% ORIGINAL LEASE TERM 15 YEARS YEAR 11-15 1/1/2029 12/31/2033 $208,740 10.0% LEASE TERM REMAINING 14+ YEARS** OPTION 1 1/1/2034 12/31/2038 $229,603 10.0% OPTIONS TWO, 5-YEAR OPTION 2 1/1/2039 12/31/2043 $252,568 10.0% RIGHT OF FIRST REFUSAL NONE *Corporate guaranty **In 2018, the tenant extended the initial lease term from 2023 to 2033 $2,805,000 6.15% CAP RATE 4 BERKELEYCAP.COM | 704.379.1980 EXECUTIVE SUMMARY DEMOGRAPHIC SNAPSHOT Hooters has been successfully operating at this location since 2006, and in November 2018 showed their continued commitment to the site by 1-MILE 3-MILE 5-MILE extending their initial lease term for an additional 10 years until 2033.