Offering Memorandum BURGER KING 4933 MAIN ST Freddy’s

Freddy’s Frozen CustardLakewood, CO

REPRESENTATICE

BURGER KING4933 MAIN ST SPRING HILL, TN 37174

Offering Memorandum

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Z0070013


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AARON’S - CORPORATE RELOCATION STORE

McDonald’s

Walgreens

MAIN ST - 21,000 CPD

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EXECUTIVE SUMMARY


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BURGER KING

BURGER KING 4933 Main StSpring Hill, TN 37174

FINANCIAL SUMMARY

Price $2,282,000

Down Payment 100% $2,282,000

Cap Rate 7.0%

Building SF +/- 2,311 SF

Net Cash Flow 7.0% $159,720

Year Built 2007

Lot Size 1.2 Acres

LEASE SUMMARY

Lease Type Triple-Net (NNN) Lease

Tenant Burgaer King

Lease Guarantor Burger King Corporation

Roof & Structure Tenant Responsible

Rent Commencement Date June 30, 2007

Lease Expiration Date June 29, 2022

Lease Term Remaining 4.5 Years

Rental Increases 7.75% +/- in Options

Renewal Options 5, 5 Year Options

Right of First Refusal 14 Business Days

BASE RENT $159,720

Net Operating Income $159,720

Total Return 7.0% $159,720

ANNUALIZED OPERATING DATA

LEASE YEARS ANNUAL RENT CAP RATE

Current - 6/29/2022 $159,720.00 7.00%

OPTIONS ANNUAL RENT CAP RATE

Option 1 $172,062.00 7.54%

Option 2 $185,456.70 8.13%

Option 3 $200,000.30 8.76%

Option 4 $215,798.14 9.46%

Option 5 $232,965.66 10.21%

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BURGER KING



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TENANT OVERVIEW

BURGER KING

Every day, more than 11 million guests visit Burger King restaurants around the world. And they do so because Burger King is known for serving high-quality, great-tast-ing, and affordable food. Founded in 1954, the Burger King brand is the second largest fast food hamburger chain in the world. The original Home of the Whopper, the com-mitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined the brand for more than 50 successful years.d

Burger King’s menu has expanded from a basic offering of burgers, french fries, sodas, and milkshakes to a larger and more diverse set of products. In 1957, the “Whopper” became the first major addition to the menu, and it has be-come Burger King’s signature product since. With over half of the nearly 15,000 stores located internationally, Burger King has tailored their menu for regional tastes.

In 2010, 3G Capital, a global multi-million dollar invest-ment firm focused on long term value creation, purchased Burger King Corporation, making it a privately-held com-pany. 3G Capital’s strategy is to identify and invest in op-portunities that are well-positioned for profitable, long-term growth and success across a variety of different sectors and regions. The firm’s management team lever-ages prior investment experience, industry expertise and an extensive global network to successfully implement this strategy.




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LOCATION OVERVIEWINVESTMENT HIGHLIGHTSKnown as one of the fastest growing cities in Tennessee, Spring Hill, is located approximately 30 miles south of Nashville and has experienced tremendous growth over the years. The population grew from 7,715 in 2000 to 37,731 in 2016. The city is best known for its involvement in the Civil War, having been the site of the Battle of Spring Hill.

The rapid development and growth Spring Hill has experienced in recent years has drawn major companies to establish facilities in the area. General Motors opened an auto plant creating approximately 1,000 new jobs for the city. Additionally, companies such as Ryder, Goodwill, and Mars, Inc. have announced new facilities in the Spring Hill area. Major industries in Spring Hill and surrounding cities include manufacturing, automotive production, health care, and retail.

• Absolute Triple-Net (NNN) Lease with Burger King• Drive-Thru Location• Outparcel to Publix Super Market• High Growth Area - Population of Surrounding Area Expected to Increase More Than 24% by 2021• Excellent Signalized Hard Corner Location• Adjacent to Walmart, ALDI, PetCo, Kroger, and Marshalls• Five Miles from 6.9 Million SF General Motors Facility• Average Household Income Exceeds $102K in 1-Mile Radius• 30 Miles South of Nashville

PROPERTY DESCRIPTION

Income 1-Mile 3-Miles 5-Miles

2016 Est. Average Household Income $102,327 $94,150 $93,145

2016 Est. Median Household Income $90,964 $82,155 $79,783

2016 Est. Per Capita Income $33,273 $31,547 $31,690

Population 1-Mile 3-Miles 5-Miles

2021 Projection 7,207 39,917 49,237

2016 Estimate 5,781 31,884 39,731

Growth 2016 - 2021 24.66% 25.19% 23.93%

Households 1-Mile 3-Miles 5-Miles

2021 Projections 7,207 39,917 49,237

2016 Estimate 5,781 31,884 39,731

Growth 2016 - 2021 24.66% 25.19% 23.93%

DEMOGRAPHIC REPORT

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Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

By accepting this Marketing Brochure, you agree to treat the information contained herein regarding the lease terms as confidential and proprietary and to only use such information to evaluate a potential purchase of this net leased property.

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions 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 a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a care-ful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and finan-cial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed fa-cilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be inter-rupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

Net Leased Disclaimer

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be made available to any other person or entity without the written consent of Marcus & Millichap. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Marcus & Millichap.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, 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. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes 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. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

Confidentiality Agreement

exclusively listedExclusively listed by:

OFFICES NATIONWIDEwww.marcusmillichap.

JODY MCKIBBENNASHVILLE OFFICETel: (615) 997-2860

JAMIE MEDRESSSenior Managing Director InvestmentsPHOENIX OFFICETel: (602) 687-6778Fax: (602) [email protected]

MARK RUBLESenior Managing Director InvestmentsPHOENIX OFFICETel: (602) 687-6766Fax: (602) [email protected]

ALEX FRANKELAssociate AdvisorCOLUMBUS OFFICETel: (614) 360-9061Fax: (614) [email protected]

Documents

Offering Memorandum BURGER KING 4933 MAIN ST Freddy’s