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ARBY's (GL) 15676 Manchester Rd Ellisville, Missouri (St. Louis MSA)

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ARBY's (GL) 15676 Manchester Rd Ellisville, Missouri (St. Louis MSA) NET LEASE INVESTMENT OFFERING ARBY’S (GL) 15676 Manchester Rd Ellisville, Missouri (St. Louis MSA) TABLE OF CONTENTS TABLE OF CONTENTS I. Executive Profile II. Location Overview III. Market & Tenant Overview Executive Summary Photographs Demographic Report Investment Highlights Drone Photographs Market Overview Property Overview Aerial Tenant Overview Site Plan Map NET LEASE INVESTMENT OFFERING DISCLAIMER STATEMENT DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. STATEMENT: It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder 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. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder 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. NET LEASE INVESTMENT OFFERING EXECUTIVE SUMMARY EXECUTIVE The Boulder Group is pleased to exclusively market for sale a newly constructed single tenant Arby’s ground lease SUMMARY: located within Ellisville, Missouri, an affluent suburban community of the St. Louis MSA. The lease expires in November 9, 2031 and features rental escalations every five years. The lease is guaranteed by RB American Group which operates 368 Arby’s locations and is a wholly owned subsidiary of Flynn Restaurant Group, the largest restaurant franchisee in the United States with over 1,200 restaurants and $2 billion of annual sales. The ground lease is absolute triple net and features zero landlord responsibilities. The 2,170 square foot building was recently constructed in 2016 within an affluent community in St. Louis. The property is located at a signalized intersection along Manchester Road (US Route 66). US Route 66 is a primary east-west thoroughfare in the area and experiences traffic volume in excess of 37,000 vehicles per day. The property is also located in a strong retail corridor with Life Time Fitness, Home Depot, Kohl’s, Target, CVS, Walgreens, Dierbergs Markets, and Ross Dress for Less. Additionally, the property is in close proximity to Crestview Middle School, Ellisville Elementary School, Forest Hills Country Club and Mercy Laboratory Services which drives continual traffic to the corridor. There are 146,858 people living within five miles of the property with an average household income of $137,198. Arby’s Restaurant Group, Inc. is a leading international quick-service restaurant company operating in the United States. Arby’s is the second-largest quick-service fast-food sandwich restaurant chain in the U.S. in terms of units and third in terms of revenue, franchising nearly 3,400 restaurants. Arby’s was the first nationally franchised, coast-to-coast sandwich chain and has been serving fresh, craveable meals since it opened its doors in 1964. NET LEASE INVESTMENT OFFERING INVESTMENT HIGHLIGHTS INVESTMENT • Located within the St. Louis MSA in an affluent community HIGHLIGHTS: • Property was recently constructed (2016) • Ground lease with zero landlord responsibilities • Lease is guaranteed by RB American Group which operating 368 Arby’s locations and is a wholly owned subsidiary of Flynn Restaurant Group, the largest restaurant franchisee in the United States with over 1,200 restaurants and $2 billion of annual sales • Long term lease with 12 years remaining • Affluent community with average household income in excess of $137,000 within five miles of the property • Rental escalations every five years • Strategically located along US Route 66 (37,539 VPD) at a signalized intersection • Located in a strong retail corridor with Life Time Fitness, Home Depot, Kohl’s, Target, CVS, Walgreens, Dierbergs Markets, and Ross Dress for Less • In close proximity to Crestview Middle School, Ellisville Elementary School, Forest Hills Country Club and Mercy Laboratory Services which drives continual traffic to the corridor • 146,858 people living within five miles of the property NET LEASE INVESTMENT OFFERING PROPERTY OVERVIEW PROPERTY Price: $1,380,952 OVERVIEW: Cap Rate: 5.25% Net Operating Income: $72,500 Rent Commencement: November 10, 2016 Lease Expiration Date: November 9, 2031 Rental Escalations: $5,000 every 5 years & in each option (Next escalation: November 10, 2021) Renewal Options: Four 5-Year Tenant: RB Missouri East LLC, dba Arby’s Guaranty: RB American Group LLC 368 stores & wholly owned subsidiary of Flynn Restaurant Group Year Built: 2016 Lease Type: Ground Lease – NNN Building Size: 2,170 SF Land Size: 27,443 SF NET LEASE INVESTMENT OFFERING PHOTOGRAPHS NET LEASE INVESTMENT OFFERING DRONE PHOTOGRAPHS NET LEASE INVESTMENT OFFERING AERIAL NET LEASE INVESTMENT OFFERING SITE PLAN NET LEASE INVESTMENT OFFERING MAP DEMOGRAPHIC REPORT DEMOGRAPHIC Population 1-Mile 3-Mile 5-Mile REPORT: Total Population 8,176 73,319 146,858 Total Households 3,248 27,049 55,823 Income 1-Mile 3-Mile 5-Mile Average Household Income $108,153 $135,553 $137,198 NET LEASE INVESTMENT OFFERING MARKET OVERVIEW MARKET Ellisville, Missouri OVERVIEW: Ellisville is a city in St. Louis County, Missouri, United States within Greater St. Louis. It is an affluent western outer-ring suburb of St. Louis. The population was 9,133 at the 2010 census. In 2009, Money magazine ranked Ellisville #25 on the annual Best Places to Live in America list. Located 13 miles west of the western city limits of St. Louis, Ellisville is located approximately 5 miles south of Interstate 64, five miles north of Interstate 44 and 7 miles west of Interstate 270. There are two primary arterial roads, which bisect Ellisville: Missouri Route 100 and Missouri Route 340. Ellisville is bordered by the city of Clarkson Valley to the north, the city of Ballwin to the east and southeast, unincorporated St. Louis County to the south, and the city of Wildwood to the west St. Louis, Missouri St. Louis is an independent city and major U.S. port in the State of Missouri, built along the western bank of the Mississippi River, on the border with Illinois. The city has an estimated 2015 population of 315,685 and is the cultural and economic center of the Greater St. Louis area (home to 2,916,447 people), making it the largest metropolitan area in Missouri and the 19th-largest in the United States. The city of St. Louis was founded in 1764 by French fur traders Pierre Laclède and Auguste Chouteau, and named after Louis IX of France. In 1764, following France’s defeat in the Seven Years’ War, the area was ceded to Spain and retroceded back to France in 1800. In 1803, the United States acquired the territory as part of the Louisiana Purchase. The economy of metro St. Louis relies on service, manufacturing, trade, transportation of goods, and tourism. Its metro area is home to major corporations, including Anheuser-Busch, Express Scripts, Centene, Boeing Defense, Emerson, Energizer, Panera, Enterprise, Peabody Energy, Ameren, Ralcorp, Monsanto, Scottrade, Edward Jones, Go Jet, Purina and Sigma-Aldrich. St. Louis has also become known for its growing medical, pharmaceutical and research presence. St. Louis has 2 professional sports teams: the St. Louis Cardinals of Major League Baseball and the St. Louis Blues of the National Hockey League. The city is commonly identified with the tall Gateway Arch in Downtown St. Louis. explorestlouis.com . NET LEASE INVESTMENT OFFERING TENANT OVERVIEW TENANT Flynn Restaurant Group Flynn Restaurant Group, (“FRG”), Founded by Greg Flynn in 1999, the San Fransisco based OVERVIEW: restaurant operator is the largest restaurant franchisee in the United States and the highest grossing restaurant franchisee in the world. FRG is the leading owner and operator of four premier restau- rant franchises: Apple American (Applebee’s), Bell American (Taco Bell), Pan American (Panera Bread), and RB American (Arby’s). Currently, The FRG portfolio consists of 1,245 restaurants across the U.S., generating over $2.3 billion annual sales and employing over 47,650 workers. RB American Group RB American Group, the largest Arby’s Franchisee in the system, operating 368 stores and is a wholly owned subsidiary of FRG. RB American was established with FRG’s acquisition of Tulsa, OK-based U.S. Beef Corp, in 2018. The acquisition added $400 million in sales to the company, boosting the FRG’s sales above $2.3 billion annually and securing them as the largest restaurant franchisee in the US and the first privately held franchise operations company to crest the $2 billion mark. Arby’s Restaurant Group, Inc. Arby’s Restaurant Group, Inc. is a leading international quick-service restaurant company operating in the United States. Arby’s is the second-largest quick-service fast-food sandwich restaurant chain in the U.S. in terms of units and third in terms of revenue, franchising 3,472 restaurants. Arby’s was the first nationally franchised, coast-to-coast sandwich chain and has been serving fresh, craveable meals since it opened its doors in 1964. Roark Capital Group acquired Arby’s in July 2011 and owns 81.5% of the company, with The Wendy’s Company owning the other 18.5%. In addition to its classic Roast Beef and Beef ‘n Cheddar sandwiches, Arby’s products also include deli-style Market Fresh line of sandwiches, Curly Fries and Jamocha Shakes.
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