Absolute Net (NNN) Zaxby’s...Coleman has also been recognized for owning and operating the Franchise’s number one grossing location since 2014. Prior to founding SJAC, Coleman

Zaxby’s

1084 E State Highway 152, Oklahoma City, OK 73099

James Capital Advisors

Marketing Package

Absolute Net (NNN) Zaxby’sOklahoma City, OK

Zaxby’s



The Offering

$2,512,252

6.25%

$157,016

$627.12

$39.20

Richard Brehaut

(424) 325-2608

SUBMIT OFFER

FINANCIAL SUMMARYPurchase Price

Cap Rate

Net Operating Income

Price / SF

Rent / SF

Listing Agent

Phone Number

Email

PROPERTY INFOTenant

Street Address

City

State

Zip

APN

GLA

Lot Size

Year Built

Zaxby’s

1084 E State Highway 152

Oklahoma City

OK

73099

90114099

4,006 SF

0.9 AC

2016

Substantial Guarantee Behind the Lease This lease is guaranteed by a nine-unit entity and will also feature a personal guarantee from the President and CEO of SJAC Foods Groups, LLC. Contact Agent for details.

Population Growth Twice as Fast as the NationSince 2010, the Oklahoma City Metropolitan Area has grown twice as fast as the nation with an annual growth rate of nearly 1.5%.

New Long-Term Absolute Net (NNN) LeaseThis property is operating under a long-term, Absolute Net (NNN) lease with 18 years remaining. The tenant is responsible for all real estate taxes, insurance and property maintenance.

Attractive Rental IncreasesThe lease offers 10% increases every five years, providing an investor with an excellent hedge against inflation.

Experienced, Strong and Growing OperatorThe Franchisee has over 15 years of experience and is one of the largest and most successful Zaxby’s franchisees with multiple locations in Georgia and Oklahoma City.

INVESTMENT HIGHLIGHTS

mailto: [email protected]?subject=LOI - Zaxby's - Oklahoma City, OK

Zaxby’s



Property Image

Zaxby’s



Lease Summary

Tenant Responsible

Tenant Responsible

Tenant Responsible

Franchisee

SJAC Food Groups Holding, LLC

Private

15 Years

17

Real Estate Taxes

Insurance

Repairs & Maintenance

Zero Landlord Responsibilities

Lease Guarantor

Company Name

Ownership

Years in Business

Number of Locations

LEASE SUMMARYLease Type

Type of Ownership

Original Lease Term

Commencement Date

Lease Expiration

Term Remaining

Increases

Options

ROFR / ROFO

Absolute Net

Fee Simple

20 Years

February 1, 2017

Jan 31 2037

18 Years

10% Every Five Years

Three, Five-Year

No

INVESTMENT HIGHLIGHTSAdjacent to Life.Church MustangLife.Church Mustang offers six weekend services and averages approximately 3,200 guests per weekend.

Dense Retail Corridor Surrounded by National RetailersNational retailers in the immediate area include Walmart Supercenter, Dollar Tree, Wendy’s, Lowe’s, IHOP, Applebee’s Grill + Bar and many others.

Proximity to Will Rodgers World AirportWill Rodgers World Airport, less than ten miles from the subject property, averages 150 commercial flights per day and carries over 3.6 million passengers annually.

Pad Site to Lowe’s Home Improvement CenterThis property is strategically situated as a pad site to a Lowe’s, with a Walmart anchored power center across the street.

Neighboring SSM Health Medical GroupThis site is ideally located less than half a mile from SSM Health Medical Group where there are more than 3,000 people employed.

Explosive Population GrowthFrom 2010-2018, the population within one mile of the subject property has grown by 25% and is projected to grow an additional 12% by 2023.

Zaxby’s



Property Image

Zaxby’s



Rent Schedule

6.25%

6.85%

7.56%

8.32%

9.15%

10.07%

$39.20

$42.94

$47.43

$52.17

$57.39

$63.12

-

10%

10%

10%

10%

10%

$13,084.65

$14,334.65

$15,832.43

$17,415.67

$19,157.24

$21,072.96

$157,015.80

$172,015.80

$189,989.11

$208,988.03

$229,886.83

$252,875.52

Base

Base

Base

Base

1st Option

2nd Option

02/01/2017 - 01/31/2022

02/01/2022 - 01/31/2027

02/01/2027 - 01/31/2032

02/01/2032 - 01/31/2037

02/01/2037 - 01/31/2042

02/01/2042 - 01/31/2047

CAP RATERENT / SFINCREASEMONTHLY RENTANNUAL RENT PERIODRent Schedule

Zaxby’s



About the Brand

ABOUT THE BRANDBrand HistoryThe first Zaxby’s was established in 1990 near the Georgia Southern University campus, by childhood friends Zach McLeroy and Tony Townley. Today, the brand has over 800 U.S. locations.

Brand OverviewThe fast-food chain operates primarily in the Southern United States and offers an array of chicken wings, chicken fingers, sandwiches and salads.

Zaxby’s locations are full-service restaurants in freestanding buildings that provide in-store seating and drive-thru windows. Zaxby’s is ranked as one of the top fast casual restaurants in the nation.

2017 U.S. Sales

$1.9 Billion

Nationwide Locations

800+

States

17

SJAC FOODS GROUPOperator OverviewSJAC’s President and CEO, Sterling Coleman, has a 15-year history of running well-established Zaxby’s locations around Atlanta, Georgia and Oklahoma City.

In 2003, Coleman opened his first Zaxby’s Restaurant. He currently owns and operates seventeen (17) successful Zaxby’s locations; 8 of which are in Atlanta market and 9 are in the Oklahoma City market.

Coleman has also been recognized for owning and operating the Franchise’s number one grossing location since 2014.

Prior to founding SJAC, Coleman embarked on a very successful corporate career working for Rudy Farms, a division of Sara Lee, Frito-Lay, RJ Reynolds and Prestone Antifreeze. It was during this time that Coleman was bitten with the entrepreneurial bug opening his first Zaxby’s in 2003.

Zaxby’s



Location Overview

OKLAHOMA CITY, OKOklahoma City, OKThis site is situated in the capital and largest city in the state of Oklahoma. The Oklahoma City metropolitan area is consistently growing and has a current population of over 1.4 million people.

Metropolitan Area Projects (MAPS)Since MAPS passage in 1993, Oklahoma City has seen more than $5 billion in new public and private investment throughout the city.

Oklahoma Main Street RevitalizationOklahoma City Main Street has generated nearly $1.7 billion in total reinvestments, aiding in the development of 5,426 expanded or new businesses and the creation of 18,611 jobs.

Home of the Oklahoma City ThunderThe Chesapeake Energy Arena, located 15 miles from the subject property, has an average home game attendance of 18,000 people per game and over 746,000 people visit the arena per season.

LOCATION OVERVIEWThriving Oklahoma City MSAThe Oklahoma City MSA is the tenth fastest-growing large metro in the country and has grown twice as fast as the nation since 2010.

Ranked as a Top 50 Best Place for Business and CareersIn 2018, the Oklahoma City MSA was recognized by Forbes for being one of the best cities in the country for businesses and careers.

Home to #5 Ranked Fortune 100 CompanyForbes ranked Paycom as the fifth fastest-growing company in 2018. Paycom, headquartered in Oklahoma City, has generated an economic impact of $143 million after the company’s expansion in 2015.

Major Employers Based in Oklahoma CityINTEGRIS Health, Sonic Corp, Hobby Lobby Stores Inc, Love’s Travel Shop and American Fidelity are all headquartered in Oklahoma City.

3.6M Visitors AnnuallyWill Rodgers World Airport

Zaxby’s



Retail Aerial

Zaxby’s



Retail Aerial

Zaxby’s



Demographics

10 MILE

121,010

113,015

100,067

7.07%

12.94%

$67,630

$52,007

5 MILE

22,026

19,648

14,746

12.10%

33.24%

$86,648

$73,901

3 MILE

10,818

9,696

7,607

11.57%

27.46%

$81,008

$71,538

1 MILE

1,916

1,716

1,395

11.66%

23.01%

$72,790

$65,890

HOUSEHOLDS

2023 Projection

2018 Estimate

2010 Census

Growth 2018 - 2023

Growth 2010 - 2018

HOUSEHOLDS

Avg. HH Income

Med. HH Income

10 MILE

324,513

302,521

266,938

7.27%

13.33%

5 MILE

60,262

53,568

40,015

12.50%

33.87%

3 MILE

29,203

26,073

20,289

12.00%

28.51%

1 MILE

5,002

4,459

3,586

12.18%

24.34%

DEMOGRAPHICSPOPULATION

2023 Projection

2018 Estimate

2010 Census

Growth 2018 - 2023

Growth 2010 - 2018

Thriving Oklahoma City MSAThe Oklahoma City MSA is the tenth fastest-growing large metro in the country and has grown twice as fast as the nation since 2010.

Zaxby’s



DISCLAIMERThe information contained in this Marketing Brochure has been obtained from sources believed to be reliable. However, James Capital Advisors, Inc. & Jessica Dearnley (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property.

The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITYThis Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASEThis Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker. from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property.

NON-ENDORSEMENTBroker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

Disclaimer

Zaxby’s



Contact Information

Contact Information

SUBMIT OFFER

Jessica DearnleyOK Real Estate Broker

OK RE Lic. 170787

Richard BrehautVice President

(424) [email protected] RE Lic. 01934760

mailto: [email protected]?subject=LOI - Zaxby's - Oklahoma City, OK

Documents

Absolute Net (NNN) Zaxby’s...Coleman has also been recognized for owning and operating the Franchise’s number one grossing location since 2014. Prior to founding SJAC, Coleman