OUTPARCEL TO

Qdoba Mexican Grill - Noodles & CompanyMulti-Tenant (2) NNN Investment (Fee Simple)

12414 L St, Omaha, NE 68137

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Property Overview

We are pleased to offer to qualified investors an opportunity to purchase fee simple (ownership of land and building) a 100% occupied, 5,002 SF two-tenant strip center located as an outparcel to the prominent L Street Marketplace which contains anchor tenants such as Super Target, ULTA, Petco, Buy Buy Baby, Cost Plus, Ross Dress for Less, and Michaels. Leased to Qdoba Mexican Grill (corporate lease) and Noodles & Co. (5-unit franchisee), this strip center offers stable cash flow with approx. 5 years remaining on original 10 year leases. Additionally, both tenants have 2 - 5 year option periods with 10% rental increases each option period. Furthermore, this property is supported by excellent market fundamentals as it is located along the highly trafficked L Street (61,400+ VPD) with excellent visibility and over 218,400 residents with an AHHI of $85,629 within a 5-mile radius.

Investment Highlights• Stabilized Asset - Minimal Landlord Responsibilities - Ease of Income - Proven Tenants• NNN Lease Structures - Fully Leased - High-Demand Sites - 61,400 Cars Per Day• Fee Simple Ownership (Land and Building) - Ideal Outparcel Location & Layout• Qdoba Mexican Eats (Corporate Lease) - Wholly Owned Subsidiary of Jack in the Box (NASDAQ: JACK)• Qdoba: 2,017 Locations Nationwide, San Francisco-Mission-Style Burritos & Serves Breakfast• Noodles & Company: 5-Unit Franchisee - Growing National Brand (NASDAQ: NDLS, 510 Locations in 39 States)• Excellent Visibility From US Route 275 (L Street) - Several Access Points for Customers• Landlord-Favorable Lease Structures - Regional Traffic Draw of Customers

• Outparcel to L Street Marketplace: Petco, Ross, Cost Plus, Buy Buy Baby, Michael’s & Super Target-Anchored Power Center• 0.92 AC Outparcel Lot - Perennial Land Site Value• 100% Fully Occupied Outparcel - Proven Regional Shopping Center• Strategic Location - Located near State Route 275 in Omaha - Home of College World Series & Warren Buffett

• HQ to Five Fortune 500 Companies (Berkshire Hathaway, Union Pacific Corp, Kiewit Corp, Mutual of Omaha, & ConAgra Foods)

• Strong Shopping Center & Retail Trade Area: Walmart Supercenter, Sam’s Club, Wendy’s, Great Western Bank, & The Home Depot• Depreciable Asset (Fee-Simple) - Dense Residential Infill Trade

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List Price $2,625,000

NOI $181,500

CAP Rate 6.91%

Pricing Summary

Annual Rent $181,500Reimbursements $40,013Operating ExpensesTaxes $24,189Insurance $3,381CAM $8,167 REA CAM $2,653 Management Fee $1,623Roof and Structure LandlordNET OPERATING INCOME $181,500

Income & Expense

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Rent Roll - Pricing

TenantLease Type

Bldg SF

Lease Start

Lease Expiration

Current Rent

Annual Rent PSF

Rental Adjustment

Date

Adjusted Annual

Rent

Option Periods

Qdoba Mexican Grill (Corporate) NNN 2,502 9/30/2011 3/31/2022 $90,750 $36.22 None None

2 - 5 Year Option Periods 10% Bumps Every 5 Yrs. 04/01/2022: $99,825.0004/01/2027: $109,807.50

Noodles & Company (Nebraska Dining

Holding LLC)NNN 2,500 10/1/2011 3/31/2022 $90,750 $36.30 None None

2 - 5 Year Option Periods 10% Bumps Every 5 Yrs. 04/01/2022: $99,825.0004/01/2027: $109,807.50

Totals 5,002 $181,500

Taxes estimated based on 2016. CAM & Insurance estimated based on 2017 Budget. REA CAM includes the fee of $0.06/Land SF in Constant Dollars charged to each outparcel in the Shopping Center.

Qdoba Mexican Grill / Noodles & Company Lease Abstract:

Qdoba Mexican Grill

CAMTenant to pay pro rata share of CAM, Taxes, and Insurance. Tenant to pay a 15% admin fee based on the Operating Costs for the CommonAreas. CAM cap of 5% annually excluding snow and ice removal, taxes, insurance and utilities, and admin costs related to the Common AreaMaintenance.

Landlord ResponsibilitiesLandlord to keep in good order, condition and repair the roof, foundations, exterior (including exterior painting and finish, but excluding Tenant’s storefront), and all structural portions of the Premises (and of the building in which the Premises are located) and all plumbing and utility lines not exclusively serving and located within the Premises. All costs and expenses incurred by Landlord in this section shall be included in Common Area Maintenance Expenses.

Noodles & Company

CAMTenant to pay pro rata share of CAM, Taxes, and Insurance. Tenant to pay a 15% admin fee based on the Operating Costs for the Common Areas. CAM cap of 5% annually excluding snow and ice removal, taxes, insurance and utilities, and admin costs related to the Common Area Maintenance.

Landlord ResponsibilitiesLandlord to keep in good order, condition and repair the roof, foundations, exterior (including exterior painting and finish, but excluding Tenant’s storefront), and all structural portions of the Premises (and of the building in which the Premises are located) and all plumbing and utility lines not exclusively serving and located within the Premises. All costs and expenses incurred by Landlord in this section shall be included in Common Area Maintenance Expenses.

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Parcel Details

Parcel 0011-0612-16

Building Area 5,002 SF

Parcel Area 39,936 SF (.92 Acres)

Year Built 2011

Zoning Mixed Use District - MU

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0011-0612-16

L STREET 7

5,220 CPD

OFFICE / INDUSTRIAL

120 TH STREET 27,674 CPD

150,371 CPD

185,362 CPD

80

80680

RESIDENTIAL

RESIDENTIAL

Sunset Valley Golf Club

CHI Health University Medical

Aerial Overview

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L STREET 75,220 CPD

120 TH STREET 27,674 CPD

S. 132 ND. STREET

W. CENTER RD.

680

Oak View Mall

Montclair Shopping Center Westwood Plaza

Kiewit Technology Group

Southwestern Plaza

80L Street Marketplace

Aerial Overview

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Site Plan | L Street Market Place

Qdoba Restaurant Corporation owns, operates, and franchises a chain of restaurants in the United States, Canada, Africa, and Asia. It also provides catering services. It is a fast-casual Mexican chain for counter-serve, custom burritos, tacos & more, including health-oriented options. The company was founded in 1995 and is based in Lakewood, Colorado. As of January 21, 2003, Qdoba Restaurant Corporation operates as a subsidiary of Jack in the Box Inc, which features annual revenues in excess of $1.6 billion. As of October 02, 2016, Jack in the Box, Inc (NASDAQ: JACK) operated and franchised approximately 2,255 Jack in the Box restaurants in 21 states and Guam; and approximately 699 Qdoba Mexican Eats restaurants in 47 states, the District of Columbia, and Canada.

Noodles & Company - Nebraska Dining Holding, LLC is a five-unit franchisee of Noodles & Company. Noodles & Company is a fastcasual restaurant headquartered in Broomfield, Colorado, that offers international and American noodle dishes, as well as soups, salads, and pasta. Noodles & Company offers the world’s favorite noodle dishes, sandwiches, salads and soups, all in one restaurant. Each dish is carefully hand-made to our guests’ specifications, using only the freshest ingredients. The company is proud to use REAL Food and REAL Cooking for REAL Flavors. Their dishes are inspired by the individuality, creativity and cultural heritage of cuisines from around the globe. The company has numerous accolades such as Eat This Not That’s “35 Hottest Healthy Restaurants in America,” as featured on MSM.com 2016, FORBES Magazine in 2016 “The 100 Most Trustworhty Companies in America”, and many more.

Qdoba Mexican Eats Noodles & Company

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About Omaha, NE

Economy

With a gross metro product of $53.9B and an unemployment rate of just 3.2%, Omaha, NE is a major commercial hub in the Midwestern United States and has been so since 1854. Home to Fortune 500 Companies such as Berkshire Hathaway, Mutual of Omaha, Union Pacific and more; Omaha is ranked #46 on Forbes’ Best Places for Business and Careers and benefits from a diverse economy which is supported by industries such as banking, insurance and telecommunications. The city had a median household income of $61,024 in 2015 which was up 9% over the previous 3 years and nearly $6,000 above the US average (2016 numbers to be released late 2017). In addition to the successful business environment of the city, Omaha is home to eleven colleges and universities which includes the University of Nebraska at Omaha with over 15,000 students enrolled and Creighton University with over 8,000 students enrolled. Omaha is also the host of the annual College Baseball World Series bringing in the top teams from around the country for a 12 day event. With attendance numbers of 357,646 people, the estimated economic impact on the city is $70M.

Omaha is the largest city in the state of Nebraska and the county seat of Douglas County. Omaha is located in the Midwestern United States on the Missouri River, about 10 miles north of the mouth of the Platte River. Omaha is the anchor of the Omaha-Council Bluffs metropolitan area, which includes Council Bluffs, Iowa, across the Missouri River from Omaha. According to the 2010 census, Omaha’s population was 408,958, making it the nation’s 44th-largest city; this had increased to 446,970 as of a 2016 estimate. Including its suburbs, Omaha formed the 60th-largest metropolitan area in the United States in 2013, with an estimated population of 895,151 residing in eight counties. Nearly 1.3 million people reside within the Greater Omaha area, comprising a 50-mile radius of Downtown Omaha, the city’s center.

City of Omaha, NE

Population 1-MILE 3-MILE 5-MILE

Estimated Population (2017) 7,430 86,468 221,221

Projected Population (2022) 7,792 90,931 233,396

Households 1-MILE 3-MILE 5-MILE

Estimated Households (2017) 3,058 36,100 89,902

Projected Households (2022) 3,203 37,978 94,917

Income 1-MILE 3-MILE 5-MILE

Avg. Household Income (2017) $72,336 $84,475 $92,882

Median Household Income (2017) $56,522 $68,177 $73,108

Business Facts 1-MILE 3-MILE 5-MILE

Total # of Businesses (2017) 825 6,497 16,489

Total # of Employees (2017) 13,200 81,736 209,663$$

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Approximately 86,468 Residents Within a 3-Mile Radius

REPRESENTATIVE PHOTO

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Average Household Income $84,475 Within a 3-Mile Radius

REPRESENTATIVE PHOTO

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Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s) 2015. All rights reserved

This Offering Memorandum contains select information pertaining to the business and affairs of Qdoba Mexican Easts - Noodles & Company, Omaha, NE. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum from Colliers, you agree:

1. The Offering Memorandum and its contents are confidential;

2. You will hold it and treat it in the strictest of confidence; and

3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of Qdoba Mexican Easts - Noodles & Company, Omaha, NE or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

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For More Information Contact:

Broker of RecordCynthia Cisar IncontroLicense No. 940489+1 402.763.1711cindi.cisar@colliers.com

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