Triple Net Lease Property for sale

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

Taco Bueno (Corporate)813 E. Prospect AvenuePonca City, OK 74601



1) Confidentiality&Disclaimer

2) ExecutiveSummary

3) PropertyOverview

4) Aerial

5) SitePlan

6) Maps

7) TenantProfile

8) DemographicComparisonReport

9) LocationOverview

10) ContactInformation

TABLE OF CONTENTS

TABLE OF CONTENTS



TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIMER



TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantcorporatelyguaranteedTacoBuenopropertylocatedinPoncaCity,Oklahoma.PoncaCityislocatedjustoutsidetheTulsaMSAapproximately70milesnorthwestofdowntownTulsa.Thepropertyislocatedona1.15acreparcelandisanoutparceltoabusyWal-MartSupercenter.Thesubjectpropertywasbuiltin2003andtherearetenyearsremainingontheoriginaltwentyyearleasewith1%annualrentalescalations.TacoBuenoisafast-foodchainthatservesTex-MexstyleMexicancuisinewith175locationsand25%ofallTacoBuenolocationsarewithinOklahoma.

The TacoBuenoproperty is located along East Prospect Avenue, less than one-halfmilewest ofHighway77.Highway77isaprimarythoroughfareintheareaandexperiencestrafficvolumesinexcessof21,600vehiclesperday.PoncaCityisthelargestcitywithinKayCountyandservesasaretaildestinationforsurroundingcities.ThesubjectpropertyhasmultiplepointsofingressandegressandasharedaccessdrivewiththeWal-MartSupercenter.Additionally,TacoBuenobenefitsfromthesignalizedintersectionatEastProspectAvenueand5thStreet,whichprovidesconsistenttrafficatthesite.RetailersintheimmediateareaincludeLowe’s,HobbyLobby,Kmart,TractorSupply,FoodLion, JCPenneyandAldi.TacoBueno is incloseproximity toPoncaCityMedicalCenter (140-bedhospital)andPoncaCityIndustrialPark.PoncaCityIndustrialParkisa600acreindustrialparkandemploysover5,000people.MajortenantsintheparkincludeDoradaFoods(Tyson)andanAlbertson’sdistributioncenter.

TheoriginalleasetermwasfortwentyyearsandexpiresinOctober2023.Thebaserentincreasesannuallyby1%duringtheprimarytermandineachofthetwo5-yearrenewaloptionperiods.TheleasehasacorporateguaranteefromTacoBuenoRestaurants,L.P.TacoBuenoisafast-foodchainthatservesTex-MexstyleMexicancuisinewith175locationsnationwide.

INVESTMENT HIGHLIGHTS

•Longtermleasewithtenyearsremaining

•Corporatelyguaranteedlease

•1%annualrentalescalations

•Nolandlordresponsibilities

•OutparceltoaWal-MartSupercenterwithsharedaccess

•NearbyretailersincludeLowe’s,HobbyLobby,Kmart,TractorSupplyandAldi

•CloseproximitytoPoncaCityIndustrialPark(600acresand5,000+employees)andPoncaCityMedicalCenter(140-bedhospital)

EXECUTIVE SUMMARY

EXECUTIVE SUMMARY



PROPERTY OVERVIEW

PROPERTY OVERVIEW

Price: $1,173,662

CapRate: 8.00%

NetOperatingIncome: $93,893(November2013)

RentEscalations: 1%Annual

RenewalOptions: Two5-Year

LeaseCommencementDate: October31,2003

LeaseExpirationDate: October31,2023

Tenant: TacoBueno(Corporate)

YearBuilt: 2003

LandlordObligations: None

RentableSquareFeet: 2,295

LandSize: 41,817SF



AERIAL

AERIAL

EAST PR

OSPECT AVEN

UE

NORTH 14TH STREET/HIGHWAY 7721,600 VPD



SITE PLAN

SITE PLAN

EAST PROSPECT AVENUE

GAS STATION



MAPS

MAPS

TULSATULSA



Taco BuenoisaU.S.basedfast-foodrestaurantchainspecializinginTex-MexstyleMexicancuisine.TacoBuenowasfoundedinAbilene,Texasin1967andiscurrentlyheadquarteredinFarmersBranch,Texas.Thecompanyhas 175 locations (155 company-owned and 20 franchised) throughout Arkansas, Kansas, Missouri, NewMexico,Oklahoma,TexasandLouisianawithconcentrationsinNorthTexasandOklahoma,recentadditionsinclude Kansas City,Missouri; Fayetteville, Arkansas; Alexandria, Louisiana; and Harker Heights, Texas. OnAugust28,1996TacoBuenowaspurchasedbyCKErestaurantsandin2001CKE,inanefforttogetoutofdebt,soldthechaintoaprivateinvestmentgroup,JacobsonPartners,for$72.5million.In2011,EdLambertbecamethenewCEOofTacoBueno.

Website: www.tacobueno.comNumberofLocations: 175NumberofEmployees: 3,856

TENANT PROFILE

TENANT PROFILE



Population 3-mi 5-mi 7-mi

TotalPopulation 23,127 28,037 30,198TotalHouseholds 9,480 11,428 12,275

Income

MedianHouseholdIncome $40,635 $41,143 $41,718AverageHouseholdIncome $52,205 $53,079 $53,869

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT



Ponca City is located inKayCounty,Oklahomaapproximately18milessouthof theKansasborder.Atthetimeofthe2010U.S.Census,PoncaCityhadapopulationof25,387makingitthelargestcity inKayCountywhichhadatotalpopulationof46,562. Thecity is incloseproximitytotheArkansasRiver,TheSaltForkoftheArkansasRiver,KawLakeandLakePonca,whichallprovidenumerous recreationalopportunities.PoncaCityhasa richhistoryandan

economythathasbeenshapedbythepetroleumandoilindustry.

PoncaCity’slargestemployer,ConocoPhillips,operatesanoilrefinerythatemploysover1,500peopleand650contractors. In2007ConocoPhillipsopened, to thepublic, a$5millionmuseumacross from itsPoncaCityrefinery.Thecompanyalsohasacreditcardcenter,a refiningcomplex,a technology researchcenterandatransportationoffice.Thecity’srecenteffortstogrowitseconomybeyondthepetroleumindustryhaveattractedanumberof technology,manufacturingandservice jobs.Other largeemployers inPoncaCity includeSmithInternational,AirSystemsComponent,PoncaCityMedicalCenter,alongwithDoradaFoodsandAlbertson’sInc.whooperatedistributioncentersinPoncaCity.

www.poncacityok.gov

LOCATION OVERVIEW

LOCATION OVERVIEW



666DundeeRoad,Suite1801Northbrook,IL60062

Randy [email protected]

Jimmy [email protected]

CONTACT INFORMATION

CONTACT INFORMATION

Triple Net Lease Property for sale

Real Estate

Transcript of Triple Net Lease Property for sale