LUCRA REAL ESTATE MOD 1015 SOUTH JACK KULTGEN EXPRESSWAY ∙ WACO,

SHANE TURNER CLAY FULLER JONATHAN GARZA BROKER AGENT AGENT 254.640.2365 512.774.9701 210.912.4463 MOD Pizza Overview Sales Price $ 2,355,616 Cap Rate 5.00% Lease Term 15 Year Building Type Single Tenant User Frontage IH-35 Frontage

MOD PIZZA TENANT DESCRIPTION

MOD Pizza is a fast casual concept that offers aritisan where customers can build their own indiviudal pizza. Headquartered in Bellevue, , MOD has grown to over 300+ locations thoughout the United States. They were named one of the United States’ “Top 50 Breakout Brands” by Nation’s News in 2013. In 2015, the restaurant chain was #7 in Fortune Magazine’s 20 Best Places to Work in Retail in 2015.

MOD PIZZA

FINANCIAL ANALYSIS PROJECTED PROFORMA Gross Potential Rent Rentable Footage Price Per Foot Total Retail Space (35/ft nnn) 3,050 $38.62 $117,780.83 Base rent over 15 yr lease term

(Vacancy) $0.00 Total Rental Income $117,780.83

Gross Income $117,780.83

Operating Costs General and Administrative Repairs and Maintenance $0.00 Management Fee 5% $5,889.04 HOA Fees $0.00 Total Controllable Expenses $5,889.04

Utilities (water, electric, phone,pest control) $4,200.00 Insurance $2,400.00

Property Taxes $27,600.00 NNN Reimburse from Comm Space -$40,089.04 Total Operating Costs** $0.00

Net Operating Income $117,780.83

Debt Service 0

Cash Flow $117,780.83 ** Some expenses may be estimated

MOD PIZZA PROPERTY DESCRIPTION MARKET OERIEW FINANCIAL ANALYSIS WACO OERIEW

7.15% 21325 24712 49,329 46,037

$ 34,099 $47,274.13

6,875 6,962 6,731 5,871 4,073 3,331 3,756 3,964 4,474

7.73% 10978 15747 28,790 26,725 5,556 4,280 4,087 3,357 2,139 1,622 1,825 1,944 1,915 $40,393.58

624 4742 243 165 856 730 413 336 282 170 5,729 5,366 6.76% 2,171 - - -

1 mile 3mile 5 mile Households Households $75-$100K $75-$100K $100K > 2022 Population 2022 Population 2017 Estimate 2010Census 2017-20 Growth 2010-17 Growth Occupied Owner Occupied Renter Income Household 2017 Avg $27,237.1 2017 Med Household Income by 2017 Households Household Income: K <$10 $10-$20K $20-$30K mile 1 $30-$40K 3 mile $40-$50K 5mile $50-$60K $60-$75K

43 869 108 2,012 43,609 65,895 28,579 21,418 DEMOGRAPHICS 129,424 122,607

WACO OVERVIEW WACO 21 561 81,510 77,003 31,119 1,485 15,042 38,189 19,252

115 16,803 16,178 1 mile 3 mile 5 mile - - 122,212 - - - - 5.56% 0.32% Population Hispanic Hispanic Population

2017 Population by Race 2017 Population Race by 1mile 3 mile 5 mile Other 1,556 Other Forces: US Armed - - Asian 972 Asian Island &Pacific Hawaiian 3 White 11,057 White 2,045 Black & Alaskan Am. Indian 2017 3,426 Origin Growth 2017-22 2017-22 Growth 2010-17 Growth 2022 Population 2022 Population 2017 Estimate 2010 Census Population Population

MOD PIZZA