EXCLUSIVE LISTING - LoopNet...Years 21-25 (Option 2) $12,000 $239,155 $19,930 Years 26-30 (Option 3) $12,000 $251,155 $20,930 ... CEO of MVP Holdings. As of March 2015, PDQ has 50

PDQ | Augusta, GA

PATRICK NUTT MANAGING PARTNER

(954) 302-7365 [email protected]

DOUG ARONSON DIRECTOR


C A L K A I N .C O MC A L K A I N .C O M

EXCLUSIVE LISTING Offering Memorandum

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PDQ | Augusta, GAOffering Memorandum

Asking Price $3,475,545 | Cap Rate 5.50%

2999 Washington Rd | Augusta, GA 30909

Net Operating Income (NOI) $191,155

Rent/Month $15,930

Rentable Square Feet 3,309+/- SF

Land Area 1.07+/- Acres

Tenant Name PDQ

Website www.eatpdq.com

Ownership Type Fee Simple

Lease Type NNN

Landlord Responsibilities None

Store Open 2016

Lease Term Remaining 15 Years

Lease Commencement TBA

Lease Expiration TBA

Increases $12,000 Every 5 Years

Options Five (5), Five (5) Year

Rent ScheduleTerm Increases Annual Rent Monthly Rent

Years 1-5 - $191,155 $15,930

Years 6-10 $12,000 $203,155 $16,930

Years 11-15 $12,000 $215,155 $17,930

Years 16-20 (Option 1) $12,000 $227,155 $18,930

Years 21-25 (Option 2) $12,000 $239,155 $19,930

Years 26-30 (Option 3) $12,000 $251,155 $20,930

Years 31-35 (Option 4) $12,000 $263,155 $21,930

Years 36-40 (Option 5) $12,000 $275,155 $22,930

Investment Highlights • Brand new construction

• Whole Foods outparcel

• Excellent visibility at freeway entrance

• Signalized intersection

• Emerging Fast Casual Brand with more than 50 locations nationwide

•

Financial Summary

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What is PDQ?• Fast casual chicken restaurant dedicated to fresh high-quality food

• Owned and operated by original founders of Outback Steakhouse

• Currently operating 50+ locations across FL, AL, GA, NC, SC, NJ, NV, TX

• #1 fastest growing small chain in America

• Voted “2014 Hot Chain” by Nation’s Restaurant News

PDQ is a fast casual chain of chicken restaurants based in Tampa, Florida. During the time of its conception, its initials initially stood for “pretty darn quick”, but this was later changed to “people dedicated to quality”. Its first store opened in Oakland Park, Florida in 2013. It was founded by Bob Basham, a former Outback Steakhouse founder, and Nick Reader, CEO of MVP Holdings. As of March 2015, PDQ has 50 locations in eight U.S. states. According to Basham, each store “averages about $3 million in annual sales”.

OperationsPDQ has a simple menu that consists of chicken tenders, chicken and turkey sandwiches, salads, home fries, shakes and cookies. PDQ foods are prepared fresh, on site and when ordered, as opposed to being prepared in advance. Per everything being prepared fresh, PDQ restaurants do not have freezers. PDQ restaurants with drive-through windows do not have intercoms.Rather, an employee is present in the drive-through area to take customer orders.

Restaurant Business Magazine recently named PDQ as the number 1 fastest growing small chain in America and Nation’s Restaurant News chose PDQ as a 2014 Hot Concepts recipient.

Tenant Overview

SUBJECT SITE

5


Distance To: Atlanta, GA 140 miles

Savannah, GA 140 miles

Charleston, SC 170 miles

Atlanta, GA

Augusta, GA

Charleston, SC

Savannah, GAMontgomery, AL

Charlotte, NC

Location Overview


SUBJECT SITE

20

I-20 6

5,140

VPD

Augusta National Golf Club

West Eagle Green Apartment Homes

Westside High School

WASHINGTON SQUARE

Washington Rd 37,940 VPD

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Fairway Square Shopping Center

Washington Square Shopping Center

Knights InnMasters

Cinemas 7

20

Washington Rd 37,940 VPD

I-20 65,140 VPD


SUBJECT SITE

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Augusta, GANestled along the banks of the Savannah River, Augusta is the second largest and oldest city in Georgia. Located in the east central section of the state, Augusta is approximately 150 miles east of Atlanta on Interstate 20. Augusta is also centrally located just two and a half hours from the beach and the mountains. It is the 116th-largest city in the United States. Internationally, Augusta is best known for hosting The Masters golf tournament each spring.

• Population - 200,000 City, 500,000 Trade Region

• Location - 136 ft. above sea level. 200 Savannah River miles or approximately 150 land miles from Atlantic Ocean

• Major Highways - Interstates 20 and 520, U.S. Routes 1, 25, 78, 278

• The city was named after Princess Augusta of Saxe-Gotha (1719-1772)

Market Overview

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Demographics

Radius 1 Mile 3 Mile 5 MilePopulation2015 Population 8,657 50,307 132,032

2020 Population 8,832 51,578 136,494

2010-2015 Annual Rate -0.01% 0.31% 0.44%

2015-2020 Annual Rate 0.40% 0.50% 0.67%

2015 Male Population 48.1% 47.5% 47.4%

2015 Female Population 51.9% 52.5% 52.6%

2015 Median Age 32.3 38.4 37.7

Households2015 Total Households 4,549 22,466 57,516

2020 Total Households 4,657 23,069 59,600

2010-2015 Annual Rate 0.16% 0.44% 0.61%

2015-2020 Annual Rate 0.47% 0.53% 0.71%

2015 Average Household Size 1.90 2.23 2.26

Median Household Income2015 Median Household Income $39,675 $48,860 $42,547

2020 Median Household Income $45,445 $57,395 $50,550

2015-2020 Annual Rate 2.75% 3.27% 3.51%

Average Household Income2015 Average Household Income $52,417 $74,466 $63,741

2020 Average Household Income $59,623 $85,806 $73,205

2015-2020 Annual Rate 2.61% 2.88% 2.81%

Per Capita Income2015 Per Capita Income $26,944 $33,361 $27,823

2020 Per Capita Income $30,750 $38,489 $32,006

2015-2020 Annual Rate 2.68% 2.90% 2.84%

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About Calkain

Who Are We? We are a national commercial real estate firm that provides consulting and brokerage services to both private and institutional clientele with an expertise on triple net lease investments. We pride ourselves on being a world class leader by providing our clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, estate planning and wealth management.

We have built solid relationships throughout our decades of experience and innovation, implementing long-term allocation within the context of each client’s particular risk tolerance and identifying how best to acquire and dispose of income producing properties for each entities’ specific set of investment criterion. At Calkain, our foresight and past performance are leading the net lease investment industry.

Our HistoryLike most success stories, Calkain was formulated from humble beginnings. Jonathan W. Hipp, President and CEO, took the initiative to build upon his decades of experience and performance and left a large international brokerage firm to become an independent and innovative leader within the triple net lease investment community. Armed with a sole employee and a single office, the firm has grown exponentially since its infancy in 2005.

With the growth in staff, seasoned professionals have been attracted to Calkain’s model of innovation, entrepreneurship and the fostering of long-lasting and meaningful relationships. Industry experts have joined Calkain in the hopes of implementing the skills they have honed in complementary aspects of real estate investment.

Through a tremendous endeavor, tireless hours have been committed to continually prove that Calkain is America’s Net Lease Company®. Its countless accolades received from the world’s leading business publications, including Forbes™, Fortune™ and the New York Times™ have confirmed that Calkain is a true leader in triple net lease investing services.

Client Testimonial“USRA has worked with Calkain on numerous occasions. They have always been meticulous in their work ethic, providing superior service and extremely prompt attention to our needs. I highly recommend them.

–Jack Genende, Partner | U.S. Realty Advisors, LLC. (USRA)

C A L K A I N .C O MC A L K A I N .C O M

$11 Billion in Closed Transactions

$300 Million

in Active Listings

PATRICK NUTT MANAGING PARTNER


DOUG ARONSON DIRECTOR


Contact Us

DISCLAIMER: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Washington, DC Headquarters12930 Worldgate Drive | Suite 150 Herndon, VA 20170 T: (703) 787-4714 • F: (703) 787-4783

Florida Headquarters

400 N. Tampa Street | Suite 2660 Tampa, FL 33602 T: (813) 282-6000 • F: (813) 282-6098

South Florida 300 S. Pine Island Road | Suite 300 Fort Lauderdale, FL 33324 T: (954) 302-7365

Atlanta 111 Village Parkway, Building 200 | Suite 202 Marietta, GA 30067 T: (404) 900-5629

Boston101 Federal Street | Suite 1900 Boston, MA 02110 T: (617) 261-8584

CALKAIN.COM

Documents

EXCLUSIVE LISTING - LoopNet...Years 21-25 (Option 2) $12,000 $239,155 $19,930 Years 26-30 (Option 3) $12,000 $251,155 $20,930 ... CEO of MVP Holdings. As of March 2015, PDQ has 50