Twin Peaks 1 1207 South Interstate 35 San Marcos, TX 78666 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY:

MATSON KANE BRIAN ROBINSON ELAN SIEDER MAX FREEDMAN Lic. # 695584 Lic. # 02092902 Lic. # 678407 Lic. # 644481 512.861.1889 | DIRECT 310.241.3677 | DIRECT 512.649.5185 | DIRECT 512.766.2711 | DIRECT [email protected] [email protected] [email protected] [email protected]

2101 South IH 35, Suite 402 Austin, TX 78741 844.4.SIG.NNN www.SIGnnn.com

In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706 3 SANDS INVESTMENT GROUP TABLE OF CONTENTS

04 06 07 12 16

INVESTMENT OVERVIEW LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW TENANT OVERVIEW Investment Summary Lease Summary Property Images Demographics Tenant Profile Investment Highlights Rent Roll Location, Aerial & Retail Maps City Overview

© 2019 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness. Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction. SANDS INVESTMENT GROUP 4 INVESTMENT SUMMARY

Sands Investment Group is Pleased to Exclusively Offer For Sale the 6 , 517 SF Twin Peaks at 1207 South Interstate 35 in San Marcos, Texas. This Opportunity Includes a Triple Net Lease Located 2 - Miles From With Over 39, 000 Students, Providing For a Secure Investment.

OFFERING SUMMARY

PRICE $4,545,455

CAP 5.50%

NOI $250,000

GUARANTOR Corporate

PROPERTY SUMMARY

ADDRESS 1207 South Interstate 35 San Marcos, TX 78666 COUNTY Hays BUILDING AREA 6,517 SF LAND AREA 2.29 AC BUILT | RENOVATED 2004 | 2019 ACTUAL PROPERTY IMAGE 5 TWIN PEAKS HIGHLIGHTS

§ Long Term 15 Year Triple Net (NNN) Lease With Zero § IH-35 Visibility – Oversized 2.29 Acre Lot With Dual Landlord Responsibilities Access Off Frontage Road and Guadalupe Street

§ Newly Renovated - Opened November 11, 2019 § San Marcos Outlets Malls (Just 4 Minutes South) Consist of the Premium Outlets and Tanger Factory Outlets With § Landlord Benefits From Additional Rental Income - Over 350 Stores, an Excess of 1,000,000 SF and is Tenant to Pay 4% Percentage Rent Paid Monthly in Considered One of the Top Tourist Attractions in the Addition to the Base Rent State; It’s a Top Employer Among Texas State Students and Was Named the Third Best Place to Shop in the World in 2006 § 2.29 Acres Allows For Potential Future Development

§ Strong Demographics – Over 77,562 Residents Live § Twin Peaks is a Dallas Based Restaurant Group With 84 Within a 5-Mile Radius of the Property Locations and Sales Over $320 Million

§ San Marcos is Part of the Austin-Round Rock-San Marcos § Located Just 2-Miles From Texas State University; Home MSA (Over 2.2 Million People); it Sits Along I-35 to the Bobcat Football Team and Serves Over 39,000 (114,195 VPD) Between Austin and and Was Students Across 500 Acres; Texas State is the 5th Largest Named the Fastest-Growing City in the U.S. in Both 2013 University in the State of Texas and 2014

§ Minutes From the HEB Distribution Center; HEB is a § Nearby Tenants Include: Walmart Supercenter, Burger Privately Held Supermarket Chain Based in San Antonio King, Starbucks, Olive Garden, Service King, Chuck Nash With More Than 350 Stores Throughout Texas Collision Center, McDonald’s, Red Lobster, Hertz, Hampton Inn, Wyndham, Chili’s and Dairy Queen LEASE SUMMARY6

TENANT Twin Restaurant San Marcos, LLC

PREMISES A Building of Approximately 6,517 SF

LEASE COMMENCEMENT January 29, 2019

LEASE EXPIRATION November 30, 2034

LEASE TERM 15 Years Remaining

RENEWAL OPTIONS 4 x 5 Years

RENT INCREASES 10% Every 5 Years (and Options)

LEASE TYPE Triple Net (NNN)

PERMITTED USE Restaurant

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Tenant’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility

RIGHT OF FIRST REFUSAL No

SQUARE ANNUAL RENT FOOTAGE BASE RENT PER SF

6,517 SF $250,000 $38.36 ACTUAL PROPERTY IMAGE 7

ACTUAL PROPERTY IMAGES 8 9

S Guadalupe St 10 11

E Hopkins St

S Guadalupe St 12

S Guadalupe St (18,220 VPD)

(114,195 VPD)

3 MILES 5 MILES 10 MILES

POPULATION 55,583 77,562 140,585

AVERAGE HH $48,085 $53,148 $67,409 INCOME SAN MARCOS | HAYS COUNTY | TEXAS 13 San Marcos is the county seat of Hays County in Texas. The city's limits extend into Caldwell and Guadalupe Counties, as well. San Marcos is within the Austin–Round Rock–San Marcos metropolitan area and on the Interstate 35 corridor between Austin and San Antonio. Its population was 63,509 residents at the 2018 estimate census. The city is home to Texas State University and the Meadows Center for Water and the Environment. In 2010, San Marcos was listed in Business Week's fourth annual survey of the "Best Places to Raise your Kids”. In 2013 and 2014, the United States Census Bureau named it the fastest-growing city in the United States. In December 2013, it was named number nine on Business Insider's list of the "10 Most Exciting Small Cities In America". San Marcos' central location along I-35 and strong infrastructure makes it ideal for industry. It includes business incentives, a high quality of life, regional airports and proximity to major international airports, access to major roadways such as I-35, SH- 130, US-183, and I-10, networking opportunities and support for small businesses and entrepreneurs, a healthy tax structure, and a diverse and talented workforce. Along with its easy access to air travel, San Marcos has ready access to several freight routes, which run north/south and east/west, respectively, through the region. The access points of the area provide an easy route to major cities in Texas such as Austin, San Antonio, Dallas, and Houston. The region has several institutions of higher education that provide a continual source of talent for the region's workforce. These institutions include Texas State University; Gary Job Corps, an education and career technical training program; and two Austin Community College campuses. The city is home to outlet malls and the Texas State University, with its 1903 Victorian Gothic–style Old Main building. Downtown's Historic District includes the restored 1909 Hays County Courthouse. Dick’s Classic Garage Car Museum exhibits vintage vehicles. The city's green spaces include Rio Vista Park and Sewell Park, both on the , and Five Mile Dam Park on the Blanco River. People can rent tubes at San Marcos Lions Clube Tube Rental and float and relax along San Marcos River enjoying the beautiful outdoors in Texas’ great weather.

HAYS COUNTY COURTHOUSE SAN MARCOS RIVER TUBING SAN MARCOS, TX 14 SANDS INVESTMENT GROUP SAN MARCOS ACCOLADES

#1 “BEST PLACE #1 “FASTEST #2 “BEST RIVERS TO RETIRE IN GROWING CITIES IN FOR TUBING IN TEXAS” THE UNITED STATES” TEXAS”

Forbes Census Bureau USA Today

#11 “TOP #5 “BEST COLLEGE #5 “BEST CITIES COOLEST TOWNS IN TOWNS FOR FUN AND FOR SINGLE PEOPLE: AMERIC: 2018” AFFORDABILITY” 2015”

Matador Network TurboTenant Livability TWIN PEAKS 15 TEXAS STATE UNIVERSITY

“The Rising Star Of Texas”

Texas State University is a Public Research University in San Marcos, Texas That Was Established in 1899

It is the Largest Institution in the Texas State University System and the 5th-Largest University in the State of Texas With an Enrollment of Over 39,000 Students For the 2018 Year

BOBCATS STADIUM Texas State University Offers Degrees in 98 Bachelor Programs, 93 Master Programs and 14 Doctoral Programs

The University Has Been Accredited By the Southern Association of Colleges and Schools Since 1925

Texas State University's Intercollegiate Sports Teams, Commonly Known as the Bobcats, Compete in National Collegiate Athletic Association (NCAA) Division I and the Sun Belt Conference

TEXAS STATE UNIVERSITY 16 TWIN PEAKS TENANT PROFILE

Twin Peaks was founded in 2005 by Randy Dewitt and Scott Gordon in Lewisville, Texas. Dewitt, who had previously helped Brinker International develop Rockfish Seafood, noted a thriving sports-bar market and decided to create a chain with a mountain-lodge motif and attractive servers. After almost 15 years, Twin Peaks is a very well known restaurant chain. There are now over 84 locations in 26 states, from Florida to California.

Twin Peaks is an American chain of sports bars and restaurants based in Dallas, Texas. Restaurants are decorated in the theme of a wilderness lodge and serve a mix of American, Southwest and Southern cuisines as well as alcohol. The chain's slogan is "Eats. Drinks. Scenic Views.” Twin Peaks Restaurant serves hearty made-from- scratch comfort food, draft beer served at a teeth- chattering 29 degrees and shows all the best sports in town shown on high-definition flat screens.

COMPANY TYPE FOUNDED # OF LOCATIONS HEADQUARTERS WEBSITE Private 2005 84+ Dallas, TX twinpeaksrestaurant.com SANDS INVESTMENT GROUP 17 CONFIDENTIALITY AGREEMENT

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the 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 condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

ACTUAL PROPERTY IMAGE SANDS INVESTMENT GROUP 18 ABOUT BROKERAGE SERVICES

Before working with a real estate broker, you should know that the duties of a Broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner's agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer's agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner's agent by entering into an agreement with the owner, usually through a written listing agreement, or by agreeing to act as a subagent by accepting an offer of sub agency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner's agent anything the buyer would not want the owner to know because an owner's agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer's agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer's agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer's agent anything the owner would not want the buyer to know because a buyer's agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with the Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary.

The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: ( 1 ) Shall treat all parties honestly; ( 2 ) May not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; ( 3 ) May not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and ( 4 ) May not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License act or a court order or if the information materially relates to the condition of the property.

With the parties' consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under the Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker's obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

REPRESENTATIVE IMAGE EXCLUSIVELY MARKETED19 BY: MATSON KANE BRIAN ROBINSON Lic. # 695584 Lic. # 02092902 512.861.1889 | DIRECT 310.241.3677 | DIRECT [email protected] [email protected] In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706 ELAN SIEDER MAX FREEDMAN Lic. # 678407 Lic. # 644481 512.649.5185 | DIRECT 512.766.2711 | DIRECT [email protected] [email protected]

Twin Peaks 1207 South Interstate 35 San Marcos, TX 78666