Click Here for Property Video: FILE PHOTO Investment OFFERING | $2,381,000 – 5.25% CAp Pollo campero | CORPORATE GROUND LEASE – Absolute nnn 5000 Fairmont pkwy, Pasadena, tx (Houston) Property. Newly Renovated, 2,150+ SF building on 0.66+ acres. 214.675.0175 | Tenant. Pollo Campero | Largest Latin Chicken Restaurant Brand | Over 350+ stores worldwide | U.S. system-wide sales: $100+ million (FY ‘16) 214.522.7200 Lease structure. Brand new, 15-year, absolute NNN, corporate ground lease, with variable rent increases every 5-years in initial term & option periods. MATTHEW SCOW [email protected] Location. Pollo Campero is located at the southeast corner of Fairmont Pkwy. (52,000 VPD) and Lily St. in a dense retail and residential area of Pasadena, TX. Fairmont Pkwy. is a traffic dense east-west thoroughfare that serves south Houston and Pasadena neighborhoods, and connects major highways such as the Sam BOB MOORHEAD Houston Tollway and I-45. The subject property will benefit as it is located in a densely populated area with 97,079 people within a 3-mile radius, and above [email protected] average household income of $75,016 within a 1-mile radius. Due to the accessibility and location of the trade area, many national credit tenants have developed throughout. Notable retailers in the immediate trade area include Walmart, Super Target, Lowe’s, Kohl’s, Ross, Old Navy, Barnes & Nobles, Pier 1 Imports, Best Buy, Academy, ALDI, Kroger, CVS, Walgreens, Family Dollar, Petco, Pet Smart, O’Reilly, Discount Tire, AutoZone, Napa, Jiffy Lube, Firestone, Wingstop, Popeyes, Domino’s, McDonald’s, Subway, Dairy Queen, Little Caesar’s, Whataburger, Dunkin Donuts, Starbucks, Pizza Hut, Burger King, Jack in the Box, and many more. Pollo Campero is approximately 14-miles southeast of downtown Houston, TX. Table of contents | Disclaimer Pollo campero | CORPORATE GROUND LEASE – Absolute nnn 5000 Fairmont pkwy, Pasadena, tx (Houston) PAGE 1: COVER Disclaimer Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at PAGE 2: TABLE OF CONTENTS | DISCLAIMER 5000 Fairmont Pkwy., Pasadena, TX by the owner of the Property (“Seller”). The Property is being offered for sale in an “as-is, where-is” condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the PAGE 4: IN THE NEWS interest described herein. The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. PAGE 5-8: AERIAL PHOTOS The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, PAGE 9: SITE PLAN partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be PAGE 10: LOCATION OVERVIEW comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained PAGE 11-12: LOCATION MAPS herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with respect to the Property. PAGE 13: DEMOGRAPHICS Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein. Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations hereunder have been satisfied or waived. By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied CONSTRUCTION PROGRESS 1.26.18 or otherwise reproduced without the prior written authorization of Seller and Agent. 2 Investment overview POLLO campero | CORPORATE GROUND LEASE – Absolute nnn 5000 Fairmont pkwy, Pasadena, tx (Houston) Lease overview PRICE: $2,381,000 Lease Term: 15-Years, Plus (3), 5-year Options to Renew CAP RATE: 5.25% Projected Rent Commencement: April 2018 NET OPERATING INCOME: $125,000 Projected Lease Expiration: April 2033 BUILDING AREA: 2,150+ Square Feet Lease Type: Corporate Ground Lease – Absolute NNN LAND AREA: 0.66+ Acres Rent Increases: See Parenthesis Below YEAR BUILT / RENOVATED: 1995 / 2017 Annual Rent Yrs 1-5: $125,000 LANDLORD RESPONSIBILITY: None Annual Rent Yrs 6-10: $133,100 (6.48%) OCCUPANCY: 100% Annual Rent Yrs 11-15: $146,410 (10%) Option 1 | Yrs 16-20: $161,051 (10%) Option 2 | Yrs 21-25: $177,156 (10%) Option 3 | Yrs 26-30: $194,871 (10%) Tenant overview Lessee: Pollo Campero Holding, LLC POLLO CAMPERO | www.campero.com Founded in 1971 in Guatemala by the Gutierrez family, Pollo Campero has had a singular desire to serve the best tasting chicken possible. To this day Juan Jose Gutierrez, remains personally involved in ensuring our chicken is always fresh and flavorful, and the experience is always unforgettable. Today, Pollo Campero has more than 70 United States locations and 350 restaurants worldwide, serving and average of 85 million customers per year. Pollo Campero has a goal to double the number of its United States restaurants in three years. Pollo Campero, considered the home of the Authentic Latin Chicken, is the largest Latin Chicken restaurant brand in the world. It first opened its doors as a tiny, family-owned restaurant in Guatemala in 1971 with the goal of treating family and friends to tis prized chicken recipe passed down from generation to generation. Today, Pollo Campero’s focus on quality, and its mission to stay true to its Latin roots remain the same. Campero is committed to serving unique Latin recipes prepared by hand daily, using high-quality and all-natural ingredients. At the heart of that commitment: the promise to use fresh, never frozen chicken, Paired with traditional Latin sides, drinks and desert in a vibrant atmosphere. Headquartered in Dallas, TX, Pollo Cmapero has made news since its first US store opening in 2002. In 2015, same store sales growth year to date was 11.8%, with continued 8% growth in comparable sales, and 24% growth in total sales by the end of 2016. Business Insider ranked Pollo Campero 20th of “the 25 best Fast-Food Chains in America” and have began to expand to the east coast with 3 new locations in New York. 3 In the news POLLO campero | CORPORATE GROUND LEASE – Absolute nnn 5000 Fairmont pkwy, Pasadena, tx (Houston) Click Here FOR ARTICLE Pollo Campero Grows 8% in Comparable Sales and 24% in Total Sales in 2016 Campero Unveils Big Plans for 2017 After Posting 20 Consecutive Quarters of Strong Comparable Growth February 2, 2017 -Dallas--(PRNewswire)-- Pollo Campero, the world's largest Latin chicken restaurant brand, announced its strong performance for 2016, marking the fifth consecutive year the Latin chicken chain has posted positive sales growth, and the first time the company surpassed $100 million in sales in the United States. The news comes as Pollo Campero looks to continue its sales momentum in 2017, while enhancing its Latin menu and expanding its restaurant footprint. "We couldn't be more excited to have seen another year of solid growth," said Tim Pulido, President and CEO of Pollo Campero International. "To see growth at a time when the restaurant industry is struggling is already a positive, but to experience 20 straight quarters with an average 8% growth rate is hard to do -- we are extremely proud of the work we have done.“ "Besides the challenging state of the industry, we knew we were rolling over double digit comparable growth from 2015, so it was important to us to remain focused on our strategic growth avenues to maintain our momentum," shared Pulido. In 2015, the brand posted 10% same-store sales growth, the brand has averaged an 8% comparable sales growth since 2012. "Growing our existing stores at an 8% rate, while growing our restaurant units by 16% and total sales by 24%, is a feat we are extremely proud of—especially when we opened new stores in existing markets.“ Pollo Campero has focused on strengthening its Latin positioning and attention on millennials to maintain its brand momentum.