Net Lease Opportunity

Taco Bueno | City, OK

Property Overview

Taco Bueno | , Oklahoma 5920 NW 23rd St, Oklahoma City, Oklahoma

Property Overview

Price: $650,000

Cap Rate: 6.92%

Tenant: Taco Bueno Restaurants,

Lease Type: NNN - No Landlord Responsibilities Building Size: 1,917 SF

Lease Expiration: 5/14/2021

Net Operating Income: $45,000

Rental Escalations: 5% in each option

Renewal Options Remaining: Two 5-Year

www.bouldergroup.com Property Overview

Property Highlights

 Located within the Oklahoma City MSA  Absolute NNN with zero landlord responsibilities  Long operating history at this location  Recently extended lease demonstrates the tenants commitment to the location  Over 190,000 people live within five miles of the property  Low absolute rent

Demographics

1-Mile 3-Mile 5-Mile

Population: 16,734 88,990 191,155

Total Household Units: 6,506 36,005 77,483

Average Household Income: $52,575 $55,130 $59,782

www.bouldergroup.com Aerial

www.bouldergroup.com Tenant Overview

Tenant Overview Highlights

Taco Bueno is a U.S.-based, fast-food restaurant chain specializing in Tex-Mex-style Mexican cuisine. The company is currently headquartered in Farmers Branch, Texas; its first location opened in Abilene, Texas in 1967. The food chain has locations in , , Arkansas, , Oklahoma, Colorado and Texas. The chain currently includes more than 180 restaurants. In early December 2015, Taco Bueno was purchased by TPG Growth, a division of the Fort Worth private equity firm TPG Capital.

TPG Capital is an American investment company. It is one of the largest private equity investment firms in the world, focused on leveraged buyouts, growth capital and leveraged recapitalization investments in distressed companies and turnaround situations. TPG also manages investment funds specializing in growth capital, venture capital, public equity, and debt investments. The firm invests in a broad range of industries including consumer/retail, media and telecommunications, industrials, technology, travel/leisure and health care. TPG now has more than $84 billion under management with investment and operational teams in 16 offices around the world.

Website: www.tacobueno.com

Number of Locations: 180+

Number of Employees: 3,856

Headquarters: Farmers Branch, Texas

Parent Company: TPG Group

www.bouldergroup.com Market Overview

Market Overview

Oklahoma City, known as "The Big Friendly" is the capital and largest city of the state of Oklahoma. The county seat of Oklahoma County, the city ranks 27th among cities in population. The city ranks as the eighth-largest city in the United States by land area. Oklahoma City continues to be ranked on Forbes "Best of Lists'' including being ranked in 2008 as the “most recession proof city in America". The magazine reported that the city had falling unemployment, one of the strongest housing markets in the country and solid growth in energy, agriculture and manufacturing. It was also ranked in 2013 and again in 2014 as one of the Best Places for Business and Careers.

Oklahoma City lying in the Great Plains region features one of the largest livestock markets in the world. Oil, natural gas, petroleum products and related industries are the largest sector of the local economy. The economy of Oklahoma City, once just a regional power center of government and energy exploration, has since diversified to include the sectors of information technology, services, health services and administration. The city is headquarters to two Fortune 500 companies, Chesapeake Energy Corporation and Devon Energy Corporation, as well as being home to Love’s Travel Stops & Country Stores, which is ranked thirteenth on Forbes' list of private companies.

The city is situated in the middle of an active oil field and oil derricks dot the capitol grounds. The federal government employs large numbers of workers at Tinker Air Force Base and the United States Department of Transportation's Mike Monroney Aeronautical Center. There are also plenty of attractions in Oklahoma City. The city is home to over 50 legendary attractions including the National Cowboy and Western Museum and the Myriad Botanical Gardens, plus world-class shopping, restaurants and hotels.

Oklahoma City is on the Interstate-35 Corridor and is one of the primary travel corridors into neighboring Texas and . Located in the Frontier Country region of the state, the city's northeast section lies in an ecological region known as the . The city was founded during the Land Run of 1889, and grew to a population of over 10,000 within hours of its founding. As of 2015, the Oklahoma City metropolitan area had a population of 1,358,452.

www.bouldergroup.com Contact Page

Randy Blankstein Scott Harris President Senior Analyst 847.562.0003 847.728.0493 [email protected] [email protected]

www.bouldergroup.com