OFFERING MEMORANDUM Burger King 495 San Antonio Street | Many, LA

™ Representative Photo ™

™ contents 04 EXECUTIVE SUMMARY

06 financial OVERVIEW

08 tenant overview

12 area OVERVIEW exclusively listed by

Mitchell Glasson

Associate

[email protected] DIR (949) 432-4502 MOB (707) 364-5650 LIC # 02016029 (CA) Aron Cline

SVP & Sr. Director

[email protected] DIR (949) 432-4509 MOB (818) 632-0233 LIC # 01904371 (CA)

beau box BROKER OF RECORD LIC # 72498 executive summary

investment highlights

• Long-term NNN Lease with over 13 years of initial term remaining; rent term remaining will allow a prospective buyer to receive a majority of the asset’s cost

• Direct national tenants include a Walmart Supercenter, Tractor Supply Co, Walgreens, McDonald’s, AutoZone, Sonic Drive-In, RadioShack, Chevron, Texaco, Pizza Hut and more

• The property is strategically positioned at the crossing of Highway 6 and U.S Route 171, with traffic volume over 6 million cars per year

• Benefits from strong retail synergy with an adjacent Chevron; the largest and highest grossing gas station in Many, resulting in greater foot traffic for Burger King.

• Site has been in operation for over 20 years; GPS Hospitality is the 3rd largest Burger King franchisee in the US system

4 | Matthews Real Estate Investment Services Burger King, Many, LA | 5 financial overview Burger King 495 San Antonio Street Many, LA 71449 List Price ������������������������������������������������������������������������������������������������������������������� $1,697,920 CAP Rate - Current ����������������������������������������������������������������������������������������������������������6.25% Gross Leasable Area ��������������������������������������������������������������������������������������������� ± 2,820 SF Lot Size �����������������������������������������������������������������������������������������������������������������± 0.66 Acres Year Built �������������������������������������������������������������������������������������������������������������������������������1998

Tenant Summary

Tenant Trade Name GPS Hospitality d/b/a Burger King Type of Ownership Fee Simple Annualized Operating Data Lease Guarantor GPS Hospitality Partners IV, LLC (± 220 Units) Annual Rent Monthly Rent Rent/SF Increases Lease Type NNN 9/1/16 $106,120.80 $8,843.40 $37.63 Roof and Structure Tenant Responsible 9/1/17 $108,243.24 $9,020.27 $38.38 2% Original Lease Term Twenty (20) Years 9/1/18 $110,408.10 $9,200.68 $39.15 2% Rent Commencement Date 9/1/10 9/1/19 $112,616.27 $9,384.69 $39.93 2% Term Remaining on Lease ± 13.4 Years 9/1/20 $114,868.59 $9,572.38 $40.73 2% Increases 2% Annual 9/1/21 $117,165.96 $9,763.83 $41.55 2% Options Four (4), Five (5) Year 9/1/22 $119,509.28 $9,959.11 $42.38 2% 9/1/23 $121,899.47 $10,158.29 $43.23 2% 9/1/24 $124,337.46 $10,361.45 $44.09 2% 9/1/25 $126,824.21 $10,568.68 $44.97 2% 9/1/26 $129,360.69 $10,780.06 $45.87 2% 9/1/27 $131,947.91 $10,995.66 $46.79 2% 9/1/28 $134,586.86 $11,215.57 $47.73 2% 9/1/29 $137,278.60 $11,439.88 $48.68 2%

Burger King, Many, LA | 7 tenant overview Property Name Burger King Parent Company Trade Name Restaurant Brands International, Inc. (NYSE: QSR) Ownership Public Credit Rating (Standard & Poor’s) B+ Revenue $1.15 B Net Income $233.70 M No. of Locations ± 15,000 No. of Employees ± 34,248 Headquartered Miami, FL Website www.bk.com Year Founded 1953

TENANT OVERVIEW

Burger King Worldwide operates the world’s #3 hamburger chain by sales with almost 15,000 restaurants in the US and more than 100 other countries. In addition to its popular Whopper sandwich, the chain offers a selection of burgers, chicken sandwiches, salads, and breakfast items, along with beverages, desserts, and sides. Many of the eateries are stand-alone locations offering dine-in seating and drive-through services; the chain also includes units in high-traffic locations such as airports and shopping malls. Burger King Worldwide is owned and operated by Restaurant Brands International.

GEOGRAPHIC OUTREACH

Burger King has restaurant locations throughout the US and more than 100 other countries. The US and Canada are responsible for about 65% of revenues. Like most other giants of the fast-food industry, Burger King has expanded its nationwide and international presence primarily through franchising. But the company has reduced its domestic expansion efforts recently. Burger King has used joint ventures to expand in countries like China, Mexico, Russia, and Singapore.

GPS Hospitality

GPS Hospitality is a rapidly growing franchisee group. GPS recently expanded their national footprint into five new states with the acquisition of 194 Burger King restaurants. This recent acquisition doubles the company’s size and puts it firmly among the top three largest Burger King franchisees in the US with 424 locations nationwide. GPS Hospitality is on track to meet its goal of becoming a $1 billion company in sales in just 10 years.

Burger King, Many, LA | 9 the offering

Property Name Burger King 495 San Antonio Street Property Address Many, LA 71449 Assessor’s Parcel Number 162-241-18-00 parcel map

Site Description Number of Stories One Year Built 1998 Gross Leasable Area (GLA) ± 2,820 SF Lot Size ± 0.66 Acres (± 28,750 SF) Oceanside Blvd ± 31,792 Type of Ownership Fee Simple Absolute Parking ± 30 Surface Spaces Parking Ratio 10 : 1,000 SF Landscaping Professional Topography Generally Level

College Blvd ± 40,116 ± Blvd College

Construction Foundation Concrete Slab Framing Wood San Antonio Ave ± 8,000 ADT Parking Surface Asphalt Roof Flat

10 | Matthews Real Estate Investment Services Tenant Map area overview

SUBEC PROPER

Many, LA demographics

POPULATION 1 Mile 3 Mile 5 Mile HOUSEHOLDS 1 Mile 3 Mile 5 Mile 2022 Projection 1,262 3,738 5,171 2022 Projection 515 1,422 1,964 2017 Estimate 1,286 3,746 5,164 2017 Estimate 523 1,421 1,955 2010 Census 1,377 3,846 5,255 2010 Census 557 1,449 1,977 2000 Census 1,552 3,895 5,211 2000 Census 604 1,474 1,966 INCOME 1 Mile 3 Mile 5 Mile 2017 Est. Average Household $43,006 $45,121 $49,483 Income 12 | Matthews Real Estate Investment Services Many, LA Many, LA is a town and the parish seat of Sabine Parish in Western Louisiana. Sabine Parish lies in the valley of the Sabine River. Sabine Parish offers many competitive advantages to businesses and residents looking to relocate. Connected by rail, air, three nearby ports and access to , Sabine appeals to commercial establishments. The parish also affords its residents a high quality of life with good schools, low crime rates and abundant recreational opportunities.

Many is part of the Toledo Bend Country. At the heart of Toledo Bend Country is Toledo Bend Lake, which at 186,000 acres is the largest man-made lake in the southern United States. Toledo Bend offers some of the best fishing in the country, as well as endless water-related activities. Beyond the shores of Toledo Bend is an area filled with rich and unique history and culture, along with an offering of diverse outdoor activities from hiking and biking to sightseeing and enjoyable day trips.

Toledo Bend offers a variety of fun and festive events and festivals. Visitors and residents can enjoy everything from a civil war reenactment to the Zwole Tamale Fiestas and the Sabine FreeState Festival.

Burger King, Many, LA | 13 CONFIDENTIALITY & DISCLAIMER STATEMENT

This Offering Memorandum contains select information pertaining to the business and affairs of Burger King located at 495 San Antonio Street, Many, LA 71449 (“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 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.

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. BROKER OF RECORD

exclusively listed by

Mitchell Glasson

Associate

[email protected] DIR (949) 432-4502 MOB (707) 364-5650 LIC # 02016029 (CA) Aron Cline

SVP & Sr. Director

[email protected] DIR (949) 432-4509 MOB (818) 632-0233 LIC # 01904371 (CA)

beau box BROKER OF RECORD LIC # 72498

Burger King ™ 495 San Antonio Street | Many, LA