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Philip Levy Pollo Campero PHILIP LEVY 972.755.5225 SENIOR MANAGING DIRECTOR INVESTMENTS [email protected] POLLO CAMPERO - 1818 FRY ROAD, HOUSTON, TX 77084 TABLE OF CONTENTS Pollo Campero 1818 Fry Road, Houston, TX 77084 Confidentiality & Disclaimer Contents The information contained in the following Marketing Brochure is proprietary and strictly PROPERTY INFORMATION 3 confidential. It is intended to be reviewed only by the party receiving it from Marcus &Millichap and should not be made available to any other person or entity without the written consent of Executive Summary 4 Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified Property Description 5 information to prospective purchasers, and to establish only a preliminary level of interest in the Complete Highlights 6 subject property. Additional Photo 7 The information contained herein is not a substitute for a thorough due diligence investigation. Additional Photo 8 Marcus & Millichap has 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 LOCATION INFORMATION 9 performance of the property, the size and square footage of the property and improvements, the Regional Map 10 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 Local Map 11 condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its 12 occupancy of the subject property. Retailer Map Site Plan 13 The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any ofthe FINANCIAL ANALYSIS 14 information contained herein, nor has Marcus & Millichap conducted any investigation regarding Financial Summary 15 these matters and makes no warranty or representation whatsoever regarding the accuracy or Income & Expenses 16 completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Tenant Profiles 17 DEMOGRAPHICS Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or 18 lessee identified in this marketing package. The presence of any corporation’s logo or nameisnot Demographics Report 19 intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation Demographics Map 20 of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee IABS 21 information about this listing to prospective customers. 2 Section 1 PROPERTY INFORMATION PROPERTY INFORMATION | EXECUTIVE SUMMARY Pollo Campero 1818 Fry Road, Houston, TX 77084 OFFERING SUMMARY PROPERTY OVERVIEW Sale Price: $3,000,000 Marcus & Millichap is pleased to offer a ground lease investment opportunity with a strong corporate guarantee, located in a dense retail trade area of Houston, Texas. Cap Rate: 5.0% DEMOGRAPHICS 1 MILE 3 MILES 5 MILES NOI: $150,000 Total Households 5,470 38,205 72,209 Total Population 16,135 114,895 220,403 Lot Size: 0.69 Acres Average HH Income $70,714 $96,160 $102,066 Year Built: 2017 Building Size: 2,100 4 PROPERTY INFORMATION | PROPERTY DESCRIPTION Pollo Campero 1818 Fry Road, Houston, TX 77084 PROPERTY OVERVIEW The subject property is a new 20-year ground lease with a strong corporate guarantee from Pollo Campero Holdings, LLC, located in Houston, Texas. The new 2,100-square foot building is currently under construction and is situated on a 0.69-acre parcel. The lease has scheduled rent escalations every five years, including at the beginning of two five-year renewal periods. Rent is estimated to commence on March 11, 2018. LOCATION OVERVIEW The property is located in a dense retail trade area north of Interstate 10 (Katy Freeway) on Fry Road. Traffic counts are approximately 44,000 vehicles per day in front of the property. Interstate 10 is approximately a half-mile south, with traffic counts exceeding 189,000 vehicles per day, and is the main east/west thoroughfare in the city. Numerous national and regional tenants are in the surrounding area, including Hobby Lobby, Stein Mart, Palais Royal, Walmart Supercenter, Spec’s, Buffalo Wild Wings, Denny’s, Panda Express, Just Brakes, Sonic Drive-In, McDonald’s, Walgreens, H-E-B Grocery, The Home Depot, Ross Dress for Less, Kohl’s, OfficeMax, Pier 1 Imports, Best Buy, Sam’s Club, Babies ‘R Us, LifeWay Christian Store, and many more. The area also has excellent demographics, with a five-mile average household income of $102,000 and more than 220,400 residents. 5 PROPERTY INFORMATION | COMPLETE HIGHLIGHTS Pollo Campero 1818 Fry Road, Houston, TX 77084 SALE HIGHLIGHTS • Single-Tenant Ground Lease • No Landlord Responsibilities • Strong Corporate Guarantee from Pollo Campero Holdings, LLC • New 20-Year Lease with Rent Escalations Scheduled Every Five Years • Tenant has Two Five-Year Options for Renewal • New Building Currently Under Construction | Rent Estimated to Commence March 11, 2018 • Located on a Signalized Hard Corner Across from a Hobby Lobby-Anchored Retail Center • In a Dense Retail Trade Area a Half-Mile North of I-10 (Katy Freeway) | Numerous National Retailers in the Area, Including Walmart Supercenter, Sam's Club, Kohl's, Best Buy, Ross Dress for Less, The Home Depot, Ashley Furniture, At Home, LA Fitness, and More • Traffic Counts are Approximately 44,000 Vehicles per Day in Front of the Property • Excellent Demographics | Highly Affluent Area with an vA erage Household Income of $102,000 Within Five Miles and More than 220,400 Residents 6 PROPERTY INFORMATION | ADDITIONAL PHOTOS Pollo Campero 1818 Fry Road, Houston, TX 77084 7 PROPERTY INFORMATION | ADDITIONAL PHOTOS Pollo Campero 1818 Fry Road, Houston, TX 77084 8 Section 2 LOCATION INFORMATION LOCATION INFORMATION | REGIONAL MAP Pollo Campero 1818 Fry Road, Houston, TX 77084 Pollo Campero 10 LOCATION INFORMATION | LOCAL MAP Pollo Campero 1818 Fry Road, Houston, TX 77084 11 LOCATION INFORMATION | RETAILER MAP Pollo Campero 1818 Fry Road, Houston, TX 77084 12 LOCATION INFORMATION | SITE PLAN Pollo Campero 1818 Fry Road, Houston, TX 77084 13 Section 3 FINANCIAL ANALYSIS FINANCIAL ANALYSIS | FINANCIAL SUMMARY Pollo Campero 1818 Fry Road, Houston, TX 77084 INVESTMENT OVERVIEW Price $3,000,000 CAP Rate 5.0% Total Return (yr 1) $150,000 OPERATING DATA Gross Income $150,000 Landlord Expenses - Net Operating Income FINANCING DATA Down Payment 100% / $3,000,000 Loan Type All Cash 15 FINANCIAL ANALYSIS | INCOME & EXPENSES Pollo Campero 1818 Fry Road, Houston, TX 77084 INCOME SUMMARY PER SF 3/11/18 - 3/10/23 $150,000 $71.43 3/11/23 - 3/10/28 $165,000 $78.57 3/11/28 - 3/10/33 $181,500 $86.43 3/11/33 - 3/10/38 $199,650 $95.07 Option 1: 3/11/38 - 3/10/43 $219,615 $104.58 Option 2: 3/11/43 - 3/10/48 $241,576 $115.04 Net Operating Income $150,000 $71.43 16 FINANCIAL ANALYSIS | TENANT PROFILE Pollo Campero 1818 Fry Road, Houston, TX 77084 OVERVIEW TENANT SUMMARY Ownership: Private Pollo Campero is a highly successful, quick-casual restaurant concept serving Tenant/Guarantor: Corporate Store authentic Latin flavor. The first olloP Campero opened in 1971 in Guatemala. It Headquarters: Dallas, TX was, and still is, a family business started by the Gutierrez family with one Website: www.campero.com desire - to serve the best tasting chicken possible. To this day, Juan Jose Rent Commencement Date: 3/11/18 (Estimated) Gutierrez remains personally involved in ensuring the chicken is always fresh Lease Expiration Date: 3/10/38 (Estimated) and flavorful, and the experience is always unforgettable. Term Remaining On Lease (Years): 20 Years In 2002, the first United States store opened in osL Angeles, where the Options To Renew: Two Five-Year Options restaurant had one million in sales in its first 47 days. Today, there are more Rental Increases: Every Five Years than 67 U.S. Locations across the U.S. and more than 300 Pollo Campero LEASE HIGHLIGHTS restaurants around the world from Costa Rica to Bahrain. Campero offers • Ground Lease Latin-inspired recipes such as chicken empanadas, plantains, yucca fries and • No Landlord Responsibilities other Latin favorites like horchata and flan. • New 20-Year Term • Tenant Highlight 4 • Tenant Highlight 5 • Tenant Highlight 6 17 Section 4 DEMOGRAPHICS DEMOGRAPHICS | DEMOGRAPHICS REPORT Pollo Campero 1818 Fry Road, Houston, TX 77084 1 MILE 3 MILES 5 MILES Total population 16,135 114,895 220,403 Median age 31.7 33.9 33.6 Median age (male) 31.3 33.0 32.9 Median age (female) 32.2 34.7 34.1 Total households 5,470 38,205 72,209 Total persons per HH 2.9 3.0 3.1 Average HH income $70,714 $96,160 $102,066 Average house value $140,514 $168,516 $181,279 Total Population - White 7,056 68,561 134,494 % White 43.7% 59.7% 61.0% Total Population - Black 1,530 10,605 20,311 % Black 9.5% 9.2% 9.2% Total Population - Asian 706 7,448 15,079 % Asian 4.4% 6.5% 6.8% Total Population - Hawaiian 0 0 0 % Hawaiian 0.0% 0.0% 0.0% Total Population - American Indian 39 527 774 % American Indian 0.2% 0.5% 0.4% Total Population - Other 1,023 6,418 13,057 % Other 6.3% 5.6% 5.9% Total Population - Hispanic 3,983 28,902 56,396 % Hispanic 24.7% 25.2% 25.6% * Demographic data derived from 2010 US Census 19 DEMOGRAPHICS | DEMOGRAPHICS MAP Pollo Campero
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