7617 N LOOP 1604 E Live Oak, TX 78233 ™ 1 | 3 INVESTMENT HIGHLIGHTS 7 FINANCIAL OVERVIEW 10 TENANT OVERVIEW 11 AREA OVERVIEW LISTING AGENTS CHAD KURZ JOSH BISHOP EVP & MANAGING DIRECTOR VP & DIRECTOR DIR: 214.692.2927 DIR: 214.692.2289 MOB: 562.480.2937 MOB: 315.730.6228
[email protected] [email protected] LIC # 01911198 (CA) LIC # 688810 (TX) KYLE MATTHEWS BROKER OF RECORD LIC # 9005919 (TX) INVESTMENT HIGHLIGHTS LEASE AND LOCATION • 20-Year Sale-Leaseback commencing at the close of escrow • Absolute NNN Lease with zero management responsibilities • Annual 1.50% rent increases; Average cap rate of 7.52% over the base term of the lease • Corporate guarantee from Hat Creek • Brand new construction completed in April 2020 • Explosive population growth of 10% over the next 5-years • Average household income exceeds $87K annually • 5-mile population of 216,975 residents • Located off of Anderson Loop which sees more than 107,000 vehicles daily • San Antonio is the seventh most populous city in the United States and second-most populous city in Texas TENANT • Hat Creek Burger Company currently operates 25+ locations throughout Texas with aggressive expansion plans for the near future • All Hat Creek locations are owned and operated by corporate allowing for higher profitability compared to franchisee stores, which pay royalties • The average store sales for Hat Creek exceed other well-known QSR’s such as In-N-Out, Burger King, Chipotle, Starbucks, Jack in the Box, Wendy’s, and Taco Bell • The owners of Hat Creek are well versed in the restaurant space and have decades of operating experience (see agent for more details) • Hat Creek handpicks each of their locations and targets major MSA’s with a high average household income 3 | NE VILLAS AT MIRA LOMA NEW MULTIFAMILY DEVELOPMENT | 4 ROLLING OAKS MALL NW NEW DEVELOPMENT NEW MULTIFAMILY DEVELOPMENT ANDERSON LOOP ± 107,200 VPD RETAIL UNDER CONSTRUCTION 5 | SE NEW DEVELOPMENT ANDERSON LOOP ± 107,200 VPD | 6 FINANCIAL OVERVIEW PROPERTY SUMMARY TENANT SUMMARY Tenant Trade Name Hat Creek Burger Inc.