Click Here FOR PROPERTY VIDEO - Secure Net Lease...quick service restaurant by QSR Magazine, and authoritative Sandelman & Associates Quick Track study, based on food quality, customer

EXCLUSIVE OFFERING | $5,173,000 – 5.5% CAP

Raising Cane’s | corporate Absolute NNN

5425 S Padre Island Dr, Suite 138, Corpus Christi, TX

214.915.8892

214.522.7200

ALEX TOWER

[email protected]

BOB MOORHEAD

[email protected]

Property. 2018 Construction, 2,760+ square foot building on 0.68+ acres.

Tenant. Raising Cane’s Chicken Fingers is a fast-food restaurant chain founded in Baton Rouge, LA. The company currently was ranked #1 fastest growing

restaurant chain in the county in 2017 with more than 450 locations in 24+ states, with systemwide sales of $966 million.

Lease Structure. 15-year, corporate absolute NNN lease, with 10% rent increases every 5-years in option periods.

Location. Raising Cane’s is strategically located along S. Padre Island Dr (102,000 VPD) in Corpus Christi, TX. Over the years, South Padre Island drive has

evolved from a two-lane road to major expressway, serving as the primary northwest/southeast thoroughfare in the region. Along with its prime positioning

along S Padre Island Dr, the subject property is an outparcel of Moore Plaza, the #1 retail location in Corpus Christi. Moore Plaza is a power center that

features 380,000+ SF of prime retail space with nationally recognized credit tenants such as Target, HEB, Total Wine, Marshalls, Old Navy, Five Guys, Office

Depot, Half Price Books, Hobby Lobby and many more.

SUBJECT PROPERTY

property is anchored by TARGET & HEB

Moore Plaza is #1 Retail Location In Corpus Christi

average hh income: $75,385

Direct access & visibility Along S. Padre IslanD DR

102,000+ VPD

Click Here FOR PROPERTY VIDEO

https://www.youtube.com/watch?v=-OG6oOO6G18&feature=youtu.be

Table of contentsRaising Cane’s


PAGE 3-4: INVESTMENT | TENANT | LEASE OVERVIEW

PAGE 2: TABLE OF CONTENTS

PAGE 16-17: LOCATION MAPS

PAGE 6-9: AERIAL PHOTOS

PAGE 11-15: LOCATION OVERVIEW

PAGE 18: DEMOGRAPHICS

PAGE 5: IN THE NEWS

2

PAGE 10: SITE PLAN

PAGE 19: DISCLAIMER

Investment overviewRaising Cane’s


PRICE: $5,173,000

CAP RATE: 5.5%

NET OPERATING INCOME: $284,499

BUILDING AREA: 2,760+ Square Feet

LAND AREA: 0.68+ Acres

YEAR BUILT: 2018

OCCUPANCY: 100%

RAISING CANE’S | www.raisingcanes.com

Founded by Todd Graves in 1996 and named for his yellow Labrador, Raising Cane, the rapidly growing chain recently earned distinctions such as #1

quick service restaurant by QSR Magazine, and authoritative Sandelman & Associates Quick Track study, based on food quality, customer service,

cleanliness, and other important factors for the last five years in a row. Raising Cane’s is renowned for its fresh, never frozen chicken fingers, its crave

bale – some say addictive – secret recipe Cane’s sauce, crinkle-cut fries, Texas toast, freshly brewed sweet tea and fresh-squeezed lemonade.

CEO Todd Graves opened the first Raising Cane’s in Baton Rouge, Louisiana, in 1996 near the LSU Campus. The first location outside of Baton Rouge

was opened in 2001 in Lafayette, Louisiana—since then, new restaurants have been opened in Mississippi, Texas, Colorado, Georgia, Ohio, Oklahoma,

Nevada, Alabama, Virginia, Kentucky, Minnesota, Massachusetts, and Nebraska, in addition to all 8 metropolitan areas of Louisiana. Graves plans to

continue the expansion of his restaurant chain throughout the United States and internationally. The company currently has more than 450 locations in

24+ states with multiple new restaurants under construction, and 2017 U.S. systemwide sales of $966 million, up 30.2% from the previous year. In

January 2009, the company opened a second restaurant support office in Plano, Texas after having a 235.6% growth in the year 2008. Raising Cane’s

plans to have 600 restaurants opened by the end of 2020 producing $1.5 billion in annual sales.

Tenant overviewRaising Cane’s Restaurants, LLC.

Projected Lease Expiration: December 2033

Projected Rent Commencement: December 2018

Initial Lease Term: 15 Years, Plus (4), 5-Year Options to Extend

Rent Increases: 10% Every 5-Years in Option Periods

Lease Type: Corporate Absolute NNN

Lease overview

3

Annual Rent Years 1-5: $284,499



Option 1| Years 16-20: $347,484

Option 2| Years 21-25: $382,230

Option 3| Years 26-30: $420,453

Option 4| Years 31-35: $462,493

TENANT OVERVIEW CONTINUEDRaising Cane’s


Brand Review – Nationwide Industry Recognition

Raising Cane’s has earned numerous awards within the restaurant

industry. Below are some of the most recent and notable:

5 consecutive years as top-ranked Quick-Service Chain in the Nation

– Sandleman and Associates

#1 Fastest Growing Restaurant Chain – Nation’s Restaurant News

Top 10 Places to Work (8 consecutive years on list) – Dallas Morning News

Excellent Food Service – Zagat

Restaurateur of the Year – Louisiana Restaurant Association

Best Fried Chicken – 225 Magazine (Baton Rouge, LA), The Advertiser

(Lafayette, LA), Delta Style (Monroe, LA), Bossier Press – Tribune (Bossier

City, LA), Virginia Pilot (Hampton Roads, VA).

“Founded in 1996, Raising Cane’s has no plans to slow down, according to founder

and CEO Todd Graves. Just before the Waxahachie announcement, Graves held

an Apple-style summit in Dallas, where a large number of his corporate staff are

located, to celebrate the fast food company’s 20th anniversary and to reveal a new

five-year plan. The event had a Carnivalesque atmosphere. Taking his cues from

the late Apple co-founder Steve Jobs, Graves took the stage to unveil his ambitions

for the next phase of his brainchild: a plan to grow the system to a total of 600

restaurants that will produce $1.5 billion in annual sales by the end of 2020.

On the surface, the success of Raising Cane’s has seemed unstoppable. It’s one of

Louisiana’s most ubiquitous brands, worming its way into the hearts of young

people and their parents, who turn to the restaurants routinely for quick meals, as

well as school, church and tailgate catering. Few entrepreneurs are as effusive as

Graves, a relentlessly energetic guy who has managed to make a bad-for-you meal

broadcast a wholesome vibe. The company mascot, a yellow Labrador retriever,

shores up the brand’s homespun credibility, as does a focused corporate

philanthropy program that donated $6.5 million in 2014, mostly in the form of free

food, beverages and tchotchkes.

This year, Raising Cane’s was rated the #1 Quick Service Restaurant Chain in the

country. In addition, Raising Cane’s racked up the following awards in the chicken

chain category:

#1 Overall Rating

#1 Taste or Flavor of Food

#1 Quality of Ingredients

#1 Temperature of Food

#1 Accuracy in Filling Orders

#1 Convenience of Locations

4

Source: Richardson, Maggie H. "2016 Company of the Year (100 or more employees): Raising Cane's." Baton Rouge Business Report. N.p., 2016. Web. 19 Dec. 2016.

<https://www.businessreport.com/business/company-year-100-employees-raising-canes>.

In the newsRaising Cane’s


5

Click Here FOR ARTICLEClick Here FOR ARTICLE

https://www.qsrmagazine.com/content/drive-thru-2017-closer-look

https://www.newstimes.com/technology/businessinsider/article/We-visited-the-fastest-growing-restaurant-chain-11270073.php

Aerial photoRaising Cane’s


6

Staples Street (42,000 VPD)



7

Moore Plaza

#1 Retail Location in Corpus Christi



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9

SITE PLANRaising Cane’s


10

Location overview – Corpus CHristiRaising Cane’s


11

“With $50 billion in capital investment since 2010, the Corpus Christi region ranks as

one of the largest industrial and energy-related project magnets in the world. The roll

call of heavyweight investors reads like a Who’s Who of big business: ExxonMobil,

SABIC, Citgo, Talen Energy, Magellan, Air Liquide, Haliburton, Valero, Cheniere, Kiewit,

TPCO, LyondellBasell and Howard Energy, just to name a few.

The growth wave is not subsiding anytime soon either. Three years into the 5-year

strategic plan of the Corpus Christi Regional Economic Development Corp. (CCREDC),

the organization has tallied $30 billion in capital investment, 2,200 new jobs and $151

million in payroll…

…Proactive programs like this have enabled the region to rack up an impressive haul of

capital investments recently. Among them are the $750-million investment by Permico,

creating 72 full-time jobs; a $600-million investment by EPIC Y Grade, creating 10 jobs;

a $9.5-billion project by Gulf Coast Growth Ventures (ExxonMobil and SABIC), creating

636 jobs; and a $14.5-billion project by Cheniere, creating 250 jobs…”

Starner, Ron. “Welcome to the $50-Billion Region.” Coastal Bend Economic Development Guide 2019,

https://siteselection.com/cc/corpuschristi/2019/digital.html#page=8.Click Here FOR Source

https://siteselection.com/cc/corpuschristi/2019/digital.html#page=10



Click Here FOR Source

12




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IMMEDIATE TRADE AREA

Raising Cane’s is strategically located along S. Padre Island Dr (102,000 VPD)

in Corpus Christi, TX. Over the years, South Padre Island drive has evolved

from a two-lane road to major expressway, serving as the primary

northwest/southeast thoroughfare in the region. Along with its prime positioning

along S Padre Island Dr, the subject property is an outparcel of Moore Plaza,

the #1 retail location in Corpus Christi. Moore Plaza is a power center that

features 380,000+ SF of prime retail space with nationally recognized credit

tenants such as Target, HEB, Total Wine, Marshalls, Old Navy, Five Guys,

Office Depot, Half Price Books, Hobby Lobby and many more.

CORPUS CHRISTI, TX

Corpus Christi is a coastal city in South Texas with a population of 325,605.

The majority of the population is employed in the services, wholesale and retail

trades, and Government sectors. Amenities such as the city’s coastal location,

low cost of doing business, and skilled labor force have provided a sound

foundation for businesses that operate locally. Forbes ranked Corpus Christi

46th out of the 200 largest US metropolitan areas for low cost of doing

business. Moody’s Economy.com ranked Corpus Christi in the top 30% for low

costs. Employment opportunities in petrochemicals, heavy fabrication, water

transport, aerospace, and marine research are the main industries that employ

white collar employees locally.

The Port of Corpus Christi, which is the 5th largest U.S. port and deepest

inshore port on the Gulf of Mexico, handles mostly oil and agricultural products.

The Port was also ranked as the 47th largest in the world by cargo tonnage.

The city is able to enhance the economic benefits from the ports through its

classification as a Foreign Trade Zone (FTZ). Foreign Trade Zone 122. The

FTZ was the first in the continental U.S. to have oil refinery subzones and is

one of the largest FTZs in the nation, encompassing 24,000 acres.

The city also has a sizable pipeline of fresh skilled labor through Texas A&M

University - Corpus Christi (16,000 Students). This campus is the fastest

growing campus in the Texas A&M System. Major expansion plans underway

that will accommodate its growing student body.

Corpus Christi is also home to 2 installations of the United States military: the

Corpus Christi Army Depot, and Naval Air Station Corpus Christi. Combined,

these installations provide 6,200 civilian jobs to the local economy, making

them the single largest employer in the city. Corpus Christi Army Depot, located

on NAS Corpus Christi, is the largest helicopter repair facility in the world.

Corpus Christi is the original home of the headquarters of Whataburger, a fast

food restaurant operator and franchiser with 650 stores in ten states and

Mexico. Other large employers include CHRISTUS Spohn Health System at

5,400 local employees, the Corpus Christi Independent School District with

5,178, H-E-B at 5,000, and Bay Ltd. at 2,100. Other companies based in

Corpus Christi include Stripes Convenience Stores and AEP Texas.

CORPUS CHRISTI-KINGSVILLE COMBINED STATISTICAL AREA

The Corpus Christi-Kingsville Combined Statistical Area (CSA) is made up of 5

counties in the Corpus Christi area and has a population of 514,111. Corpus

Christi and the surrounding region are strategically located on the Gulf of

Mexico and globally connected. Served by an excellent network of highways

which includes Interstate 37 and US Highway 77, 3 class I railroads, and

deepwater shipping, the area is a major international business center in the

Americas. This location on the Gulf of Mexico has also made the area into a

popular tourism destination, particularly Port Aransas which alone draws over 5

million visitors annually.

Kingsville, which is located south of Corpus Christi also contributes significantly

to the local economy, primarily through agriculture and education. One of the

main drivers of the agricultural industry in Kingsville is the King Ranch. At

825,000 acres it is the 2nd largest contiguous ranch in the US. Kingsville is alsohome to Texas A&M University - Kingsville (8,067 Students).

CORPUS CHRISTI Click Here FOR PROPERTY VIDEO

https://www.youtube.com/watch?v=-OG6oOO6G18&feature=youtu.be

LOCATION OVERVIEW - CORPUS CHRISTI – IN THE NEWSRaising Cane’s


14

ExxonMobil-SABIC Joint Venutre Clears Land, Paves Way for $7-billion Petrochemical PlantThe world’s largest ethane cracker continues to move closer to fruition, thanks to a flurry of work taking place on a 1,300-acre site in Gregory in San Patricio County, Texas.

(Just 18 minutes north of Corpus Christi).

When all is said and done, a joint venture between ExxonMobil and Saudi Basic Industries Corporation (SABIC) will build a $7 billion petrochemical manufacturing complex that will

create over 600 permanent high-wage jobs in the Coastal Bend region of Corpus Christi.

The massive project is known as Gulf Coast Growth Ventures, and it has been years in the making. The numbers alone are staggering:

• Over 6,000 construction jobs will be created during the peak building phase.

• Of the 150-plus operators who have been hired, over 75 percent are local.

• Another 3,500 indirect jobs are being generated by the project.

• More than $162 million has been spent on local vendors and contractors.

• More than $250 million in taxes will go to local governments during the first five years of operations.

• 40 scholarships have been awarded already to Del Mar College process technology students, and more are coming.

• $1.5 million has been contributed to Del Mar College to equip the new hands-on Gulf Coast Growth Ventures Process Technology Lab in the new Workforce Development Center.

ExxonMobil-SABIC joint Venture PlantClick Here FOR ARTICLE

Source: Starner, Ron. “Full Speed Ahead.” Coastal Bend Economic Development Guide 2019, https://siteselection.com/cc/corpuschristi/2019/digital.html#page=39.


LOCATION OVERVIEW - CORPUS CHRISTI – IN THE NEWSRaising Cane’s


15Source: Communications, PortCC. "Press Release: Port Corpus Christi, Oxy Ingleside Energy Center Receive Very Large Crude Carrier, Largest Vessel to Call on a Gulf of Mexico Port." Port of Corpus Christi. N.p., 26 May 2017. Web. 17 July

2017.

Port Corpus Christi, Largest Vessel to Call on a Gulf Of Mexico PortCORPUS CHRISTI, TX, USA – May 26, 2017 – The Port Corpus Christi today announced the arrival of a Very Large Crude Carrier (VLCC), the largest oil tanker ever to call on a Gulf of

Mexico Port. The ship docked safely at the Oxy Ingleside Energy Center (OIEC) export terminal, the first crude oil export facility in the U.S. to receive such a large vessel.

The arrival of the VLCC reflects the port’s commitment to becoming a major exporter of Permian Basin crude and securing the infrastructure necessary to do so. Occidental Petroleum

Corporation is using the visit for operational planning in preparation to regularly load VLCCs in the future from its oil export terminal.

The VLCC, a ship named Anne owned by the Belgium-based Euronav, is a 1,093-foot-long vessel capable of holding over 2 million barrels of oil. When fully laden a VLCC requires a

draft of 66 feet. Ship channel depth at Port Corpus Christi is at -47’ Mean Lower Low Water (MLLW), which would require a partial load of the VLCC, and an accompanying vessel to fill

the remaining cargo once offshore. Current VLCC operations require multiple smaller vessels to transport product offshore for loading. Loading VLCCs at Occidental’s OIEC export

terminal will provide significant cost and time savings.

As global demand for U.S. crude oil continues to increase, Port Corpus Christi remains as the frontrunner in supplying the export market. When the U.S. oil export restrictions were lifted

at the end of 2015 the first export cargo of U.S. crude oil in nearly forty years sailed aboard the tanker, THEO T, from the South Texas port. Further benchmarking the U.S. crude export

trend, a single vessel load record was set at Port Corpus Christi in April 2017, when 930,000 barrels of crude oil was loaded to the Suezmax class Cap Romuald.

“With a vision to be the Energy Port of the Americas, it is fitting for yet another milestone in U.S. crude exports to be set at our port. As the first VLCC class vessel to call on any Gulf of

Mexico port enters our Port Corpus Christi waterways, we are further assured of the importance in continuing infrastructure enhancements, and further deepening our ship channels,”

said Charles W. Zahn, Chairman of the Port Corpus Christi Commission.

“We believe the Oxy Ingleside Energy Center is the premier crude oil export terminal in the United States,” said Vicki Hollub, President and Chief Executive Officer, Occidental

Petroleum. “Permian Basin crude is being exported Asia, Europe and elsewhere around the world, and Occidental’s export facility is well positioned to serve the Permian, which is the

largest and fastest-growing basin in the U.S. The arrival of the VLCC at our terminal continues to build on our position as the Permian’s largest oil producer, enabling us to load the

largest ships with our crude and the crude of other producers.”

Port Corpus Christi is in the midst of a 10-year, $1 billion Capital Investment program. A major component of the program includes the Corpus Christi Ship Channel deepening and

widening project. This project will enhance the existing -47 foot (MLLW) Corpus Christi Ship Channel depth to -54 foot (MLLW), expanding width to 530 feet, and installing barge

shelves along the channel. Additionally, construction of the longest cable-stayed bridge in the Western Hemisphere is underway to replace the aging Corpus Christi Harbor Bridge.

Scheduled for completion in 2020, the bridge will provide increased air draft clearance to 205 feet.

PORT OF CORPUS CHRISTIClick Here FOR ARTICLE

https://portofcc.com/press-release-port-corpus-christi-oxy-ingleside-energy-center-receive-very-large-crude-carrier-largest-vessel-to-call-on-a-gulf-of-mexico-port/

Location mapRaising cane’s


Corpus Christi

San Antonio

Houston

Austin

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Location mapRaising cane’s


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DemographicsRaising Cane’s


2019 Estimated Population 0 T 15,093 125,932 209,846

2024 Projected Population 0 T 14,822 124,296 207,680

2010 Census Population 0 T 15,108 114,671 192,730

2000 Census Population 0 T 14,140 103,282 171,977

Projected Annual Growth 2019 to 2024 - -0.4% -0.3% -0.2%

Historical Annual Growth 2000 to 2019 - 0.4% 1.2% 1.2%

2019 Estimated Households 0 T 6,207 52,071 82,698

2024 Projected Households 0 T 6,350 53,483 85,224

2010 Census Households 0 T 5,957 45,482 72,724

2000 Census Households 0 T 5,309 39,801 63,424

Projected Annual Growth 2019 to 2024 - 0.5% 0.5% 0.6%

Historical Annual Growth 2000 to 2019 - 0.9% 1.6% 1.6%

2019 Est. Population Under 10 Years - 14.7% 13.3% 13.6%

2019 Est. Population 10 to 19 Years - 13.6% 13.0% 13.6%





2019 Est. Population 75 Years or Over - 5.6% 6.1% 6.0%

2019 Est. Median Age 32.5 34.4 34.6

2019 Est. Male Population - 48.3% 48.6% 48.7%

2019 Est. Female Population - 51.7% 51.4% 51.3%

2019 Est. Never Married - 39.4% 34.8% 34.5%

2019 Est. Now Married - 36.1% 42.7% 43.6%

2019 Est. Separated or Divorced - 18.1% 16.5% 16.0%

2019 Est. Widowed - 6.4% 6.1% 5.9%

2019 Est. HH Income $200,000 or More - 1.5% 4.1% 4.5%

2019 Est. HH Income $150,000 to $199,999 - 4.7% 6.4% 6.6%

2019 Est. HH Income $100,000 to $149,999 - 12.9% 14.4% 14.5%

2019 Est. HH Income $75,000 to $99,999 - 14.3% 15.1% 14.4%

2019 Est. HH Income $50,000 to $74,999 - 19.0% 19.5% 18.9%

2019 Est. HH Income $35,000 to $49,999 - 14.1% 12.5% 12.2%

2019 Est. HH Income $25,000 to $34,999 - 10.3% 8.9% 8.9%

2019 Est. HH Income $15,000 to $24,999 - 10.4% 9.5% 9.8%

2019 Est. HH Income Under $15,000 - 12.7% 9.6% 10.2%

2019 Est. Average Household Income $0 T $64,885 $75,385 $75,245

2019 Est. Median Household Income $0 T $54,591 $63,868 $64,834

2019 Est. Per Capita Income $0 T $26,693 $31,203 $29,714

2019 Est. Total Businesses 0 T 1,433 5,140 7,489

2019 Est. Total Employees 0 T 14,512 51,645 76,209

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Corpus Christi, TX 78411

5425 S Padre Island Dr

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2019 Est. Labor Population Age 16 Years or Over - 11,665 99,622 164,476

2019 Est. Civilian Employed - 66.6% 65.1% 63.0%

2019 Est. Civilian Unemployed - 3.9% 2.7% 2.9%

2019 Est. in Armed Forces - 0.3% 0.4% 0.4%

2019 Est. not in Labor Force - 29.2% 31.8% 33.7%

2019 Labor Force Males - 47.1% 47.8% 48.1%

2019 Labor Force Females - 52.9% 52.2% 51.9%

2019 Occupation: Population Age 16 Years or Over 0 T 7,770 64,846 103,617

2019 Mgmt, Business, & Financial Operations - 8.0% 11.1% 10.8%

2019 Professional, Related - 16.8% 21.9% 21.2%

2019 Service - 23.8% 20.6% 20.8%

2019 Sales, Office - 26.7% 24.6% 24.2%

2019 Farming, Fishing, Forestry - 0.2% 0.2% 0.2%

2019 Construction, Extraction, Maintenance - 13.2% 11.2% 12.2%

2019 Production, Transport, Material Moving - 11.3% 10.4% 10.7%

2019 White Collar Workers - 51.5% 57.7% 56.1%

2019 Blue Collar Workers - 48.5% 42.3% 43.9%

2019 Drive to Work Alone - 80.7% 84.3% 84.6%

2019 Drive to Work in Carpool - 11.5% 9.8% 9.5%

2019 Travel to Work by Public Transportation - 1.6% 1.0% 1.1%

2019 Drive to Work on Motorcycle - - - -

2019 Walk or Bicycle to Work - 3.1% 1.6% 1.4%

2019 Other Means - 0.1% 0.4% 0.4%

2019 Work at Home - 2.9% 2.8% 2.9%

2019 Travel to Work in 14 Minutes or Less - 36.1% 32.9% 31.4%

2019 Travel to Work in 15 to 29 Minutes - 55.3% 59.2% 57.0%

2019 Travel to Work in 30 to 59 Minutes - 13.1% 14.2% 13.7%

2019 Travel to Work in 60 Minutes or More - 3.0% 2.7% 2.7%

2019 Average Travel Time to Work 16.6 17.2 17.2

2019 Est. Total Household Expenditure $0 T $322.84 M $2.99 B $4.74 B

2019 Est. Apparel $0 T $11.29 M $105.12 M $166.57 M

2019 Est. Contributions, Gifts - $17.38 M $166.41 M $264.23 M

2019 Est. Education, Reading - $9.63 M $92.65 M $148.01 M

2019 Est. Entertainment $0 T $17.8 M $167.42 M $265.71 M

2019 Est. Food, Beverages, Tobacco - $50.43 M $463.17 M $731.49 M

2019 Est. Furnishings, Equipment $0 T $11.09 M $104.19 M $165.2 M

2019 Est. Health Care, Insurance - $29.76 M $275.1 M $434.88 M

2019 Est. Household Operations, Shelter, Utilities - $106.07 M $976.39 M $1.54 B

2019 Est. Miscellaneous Expenses $0 T $6.04 M $56.3 M $89.11 M

2019 Est. Personal Care $0 T $4.34 M $40.21 M $63.56 M

2019 Est. Transportation $0 T $59.01 M $547.2 M $865.39 M

Corpus Christi, TX 78411

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5425 S Padre Island Dr1 mi radius 3 mi radius 5 mi radius

Disclaimer Raising Cane’s


Secure Net Lease (“Agent”) has been engaged as an agent for the sale of the property

located at 5425 S Padre Island Dr, Suite 138, Corpus Christi, 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 Offering Memorandum. The enclosed materials include highly

confidential information and are being furnished solely for the purpose of review by

prospective purchasers of the 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. 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, 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 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 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. 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 or otherwise reproduced without the prior written authorization of Seller and Agent.

Disclaimer

19

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Documents

Click Here FOR PROPERTY VIDEO - Secure Net Lease...quick service restaurant by QSR Magazine, and authoritative Sandelman & Associates Quick Track study, based on food quality, customer