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OFFERING MEMORANDUMJack’s Family Restaurants | Gadsden,
Alabama
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TABLE OF CONTENTS
EXCLUSIVE REPRESENTATION
03 Disclaimer04 Transaction Summary05 Tenant Summary06 Aerial
Map08 Metropolitan Map09 Market Overview & Demographics
Jonathan WolfeManaging Principal312 310
[email protected]: 475.017515
Adam EnglishManaging Director 256 694 [email protected]:
000096920-0
Adam BaxterVice President205 394 [email protected]:
000080803
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This Offering Memorandum (“Memorandum”) is intended solely for
the use of prospective investors in determining whether or not to
pursue the possible acquisition of the Property (“the Property”) at
1718 W. Grand Ave. Gadsden, Alabama. This Memorandum is of a
proprietary and confidential nature. Prospective investors and/or
their advisors are expressly forbidden from sharing this
information with any individuals or organizations that are not
directly connected with the analysis of this investment
opportunity. STREAM Capital Partners, LLC (“SCP”) have been
retained as the exclusive advisors for this investment opportunity.
Any and all inquiries are to be directed to SCP.
By accepting this Memorandum, the recipient agrees that it will
cause its directors, officers, employees and representatives to use
the Memorandum and all of the information contained therein only to
evaluate this specific investment opportunity and for no other
purpose and shall return this Memorandum together with any copies
to SCP upon request. This Memorandum contains confidential material
which is non-public information. Receipt of this Memorandum
constitutes your acknowledgment that you will maintain the
information contained herein in strict confidence.
All information contained herein has been provided by the
Organization, its affiliates or other sources that SCP deems
reliable; however, SCP has not independently verified any of the
information, including the financial estimates and projections and
selected real estate information, contained herein. This Memorandum
includes information about the Organization, including selected
financial information, estimates and projections that reflect
various assumptions concerning anticipated results, which may or
may not prove to be correct and selected real estate information
which may or may not prove to be correct. Such projections and
estimates may or may not be indicative of future performance, which
may be significantly more or less favorable than that as reflected
herein.
In furnishing this Memorandum, none of the Organization, its
affiliates or SCP undertakes any obligation to provide additional
information or to correct or update any of the information set
forth in the Memorandum. None of the Organization, its affiliates
or SCP makes any representation or warranty, expressed or implied,
as to the accuracy or completeness of the information contained
herein in this Memorandum, or made available in connection with any
further investigation of the Organization, and nothing contained
herein is, or shall be relied upon as, a promise or representation,
whether as to the past or the future. The recipient should rely
solely on the representations and warranties made to it by the
Organization or its affiliates in any executed definitive
agreement.
Under no circumstances should the Organization, its affiliates
or any of their management, directors, shareholders, employees,
customers or vendors be contacted directly.
DISCLAIMER
STREAM Capital Partners | 3
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TRANSACTION SUMMARY
Tenant: Jack’s Family RestaurantLease Type: NNNLandlord
Responsibilities: NoneNOI: $147,000Date Opened: October 23,
2017Rent Commencement: Upon ClosingLease Term: 20 yearsRental
Increases: 10% every 5 yearsOptions to Renew: Four, 5-Year
Options
Notes: Low rent-to-sales; established & very successful
market for Jack’s; Brand new, high quality construction
Lease Specifications
Address: 1718 W. Grand Ave. Gadsden, ALMarket: Gadsden
MSABuilding Size: 3,522 square feet
Property Specifications
Purchase Price: $2,095,000Cap Rate 5.75%Annual Rent:
$120,462
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New Stores Post Onex Acquisition
New StorePipelinePre OnexAcquisition
Market Share | Central & Northern Alabama (By Unit)
Jack’s Family Restaurants, Inc., (www.eatatjacks.com), operates
a chain of fast food restaurants focused on “southern inspired”
items consistent throughout all of its stores. The Company is the
only quick service restaurant that offers fresh burgers, bone-in
chicken, plated breakfast options and desserts that are made from
scratch to service its customers.
Founded in 1960 in Birmingham, Alabama, Jack’s Family
Restaurants has grown to over 140 stores in four states: Alabama,
Tennessee, Georgia and Mississippi.
In 2015, Jack’s Family Restaurants was acquired by ONEX,
(www.onex.com),a private equity company with a 30-year history and
$25B of assetts undermanagement. A new President and CEO and CFO
with over 34 years over industry experience quickly followed.
Company Highlights
• Has not closed a single store in 16+ years• Jack’s is a
differentiated QSR concept, with a diverse Southern inspired
menu, that is successful across day-parts• High quality and
handmade products, served at QSR speeds with
outstanding level of service• Focused menu drives consistency
and speed of execution, but is well-
diversified across all day-parts
STREAM Capital Partners | 5
TENANT SUMMARY
http://www.eatatjacks.comhttp://www.onex.com
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AERIAL MAP
Grand Ave.(18,820 VPD)
Interstate 59 (28,000 VPD)
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AERIAL MAP
Two-WayInterchange
Grand Ave.(18,820 VPD)
Interstate 59 (28,000 VPD)
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METROPOLITAN MAP
Atlanta123 miles
Birmingham56 miles
STREAM Capital Partners | 8
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Gadsden, Alabama is located in the Etowah County of Alabama. It
is located on the Coosa River about 56 miles northeast of
Birmingham and 90 miles southwest of Chattanooga, Tennessee.
It is the primary city of the Gadsden Metropolitan Statistical
Area, which has a population of 103,931. Gadsden and Rome, Georgia,
are the largest cities in the triangular area defined by the
Interstate highways between Atlanta, Birmingham, and
Chattanooga.
The Gadsden City Board of Education oversees fourteen schools:
eight elementary schools, three middle schools, one high school,
and two specialty schools, one alternative center and one technical
center. A new high school, Gadsden City High School, replaced the
three former city high schools via merger.
Gadsden is home to Gadsden State Community College, the second
largest of the 27 two-year institutions in the Alabama Community
College System. Small satellites of Jacksonville State University
and the University of Alabama also offer college courses in
Gadsden.
Gadsden and the communities of Etowah County, located at the
foot of Lookout Mountain, close to Birmingham, Chattanooga, and
Atlanta, is a popular vacation spot - from majestic Noccalula Falls
Park to the Coosa River and Neely Henry Lake, Gadsden draws
visitors from all over the state.
1-Mile 3-Mile 5-Mile
Average Household Income $42,571 $46,433 $51,039Estimated
Population 2,481 12,518 33,444
Demographics
STREAM Capital Partners | 9
MARKET OVERVIEW
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CONTACT INFORMATION
BirminghamAL
StamfordCT
Los AngelesCA
4201 WEST IRVING PARK ROAD SUITE 200 CHICAGO, IL
WWW.STREAM-CP.COM| ||
ChicagoIL
CharlotteNC
Ft. LauderdaleFL
Jonathan WolfeManaging Principal
312 310 [email protected]
Lic: 475.017515
Adam EnglishManaging Director
256 694 [email protected]
Lic: 000096920-0
Adam BaxterVice President
205 394 [email protected]
Lic: 000080803
http://www.stream-cp.commailto:Jonathan%40stream-cp.com?subject=mailto:Adam%40stream-cp.com?subject=mailto:Abaxter%40stream-cp.com?subject=
