LUCRA REAL ESTATE MOD PIZZA 1015 SOUTH JACK KULTGEN EXPRESSWAY ∙ WACO, TEXAS SHANE TURNER CLAY FULLER JONATHAN GARZA BROKER AGENT AGENT 254.640.2365 512.774.9701 210.912.4463 MOD Pizza Overview Sales Price $ 2,355,616 Cap Rate 5.00% Lease Term 15 Year Building Type Single Tenant User Frontage IH-35 Frontage MOD PIZZA TENANT DESCRIPTION MOD Pizza is a fast casual concept that offers aritisan pizzas where customers can build their own indiviudal pizza. Headquartered in Bellevue, Washington, MOD has grown to over 300+ locations thoughout the United States. They were named one of the United States’ “Top 50 Breakout Brands” by Nation’s Restaurant News in 2013. In 2015, the restaurant chain was #7 in Fortune Magazine’s 20 Best Places to Work in Retail in 2015. MOD PIZZA FINANCIAL ANALYSIS PROJECTED PROFORMA Gross Potential Rent Rentable Footage Price Per Foot Total Retail Space (35/ft nnn) 3,050 $38.62 $117,780.83 Base rent over 15 yr lease term (Vacancy) $0.00 Total Rental Income $117,780.83 Gross Income $117,780.83 Operating Costs General and Administrative Repairs and Maintenance $0.00 Management Fee 5% $5,889.04 HOA Fees $0.00 Total Controllable Expenses $5,889.04 Utilities (water, electric, phone,pest control) $4,200.00 Insurance $2,400.00 Property Taxes $27,600.00 NNN Reimburse from Comm Space -$40,089.04 Total Operating Costs** $0.00 Net Operating Income $117,780.83 Debt Service 0 Cash Flow $117,780.83 ** Some expenses may be estimated MOD PIZZA PROPERTY DESCRIPTION WACO OVERVIEW DEMOGRAPHICS Population 1 mile 3 mile 5 mile Households 1 mile 3 mile 5 mile 2022 Population 5,729 28,790 49,329 MARKET OERIEW 2022 Population 16,803 81,510 129,424 2017 Estimate 5,366 26,725 46,037 2017 Estimate 16,178 77,003 122,607 2010 Census 2010 Census - - 122,212 Growth 2017-20 6.76% 7.73% 7.15% Growth 2017-22 - - 5.56% Growth 2010-17 Growth 2010-17 - - 0.32% Owner Occupied 624 10978 21325 2017 Population Hispanic Renter Occupied 4742 15747 24712 Origin 3,426 31,119 43,609 2017 Avg Household Income $27,237.1 $40,393.58 $47,274.13 2017 Med Household Income - - $ 34,099 FINANCIAL ANALYSIS 2017 Population by Race 1 mile 3 mile 5 mile White 11,057 38,189 65,895 2017 Households by Black 2,045 19,252 28,579 Household Income: 1 mile 3 mile 5 mile Am. Indian & Alaskan 115 561 869 <$10 K 2,171 5,556 6,875 Asian 972 1,485 2,012 $10-$20K 856 4,280 6,962 Hawaiian & Pacific Island 3 21 43 $20-$30K 730 4,087 6,731 Other 1,556 15,042 21,418 $30-$40K 413 3,357 5,871 $40-$50K 336 2,139 4,073 US Armed Forces: - - 108 OERIEW WACO $50-$60K 282 1,622 3,331 $60-$75K 170 1,825 3,756 $75-$100K 243 1,944 3,964 > $100K 165 1,915 4,474 MOD PIZZA .