Freddy s frozen custard

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Freddy s frozen custard Absolute net lease single tenant build to suit in Ogden ut 235-239 12th Street, Ogden, UT 84404 For more info on this opportunity please

com (415) 274-2709 CA BRE# 01792433 Chris PETERS cpeters@capitalpacific.com (415) 274-2703 CA BRE# 01339983 Bob Sanner bsanner@capitalpacific.

1 Freddy s frozen custard Absolute net lease single tenant build to suit in Ogden ut th Street, Ogden, UT For more info on this opportunity please contact: John Andreini jandreini@capitalpacific.com (415) CA BRE# Rick Sanner rsanner@capitalpacific.com (415) CA BRE# Chris PETERS cpeters@capitalpacific.com (415) CA BRE# Bob Sanner bsanner@capitalpacific.com (415) CA BRE# Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. In conjunction with UT Licensed Broker: Chris Hatch, Mountain West Retail & Investment (801) chatch@mtnwest.com

FREDDY S FROZEN CUSTARD AND STEAKBURGERS IS A SINGLE TENANT ABSOLUTE NET LEASED PROPERTY LOCATED ON 12th street in Ogden UT Investment Highlights This offering presents an opportunity to acquire a

2 FREDDY S FROZEN CUSTARD AND STEAKBURGERS IS A SINGLE TENANT ABSOLUTE NET LEASED PROPERTY LOCATED ON 12th street in Ogden UT Investment Highlights This offering presents an opportunity to acquire a Freddy s Frozen Custard building that is currently under construction with a scheduled completion date of The property offers a new 15- year NNN lease with annual 1.5% rental increases and two 10-year option periods. PRICE: $2,558,272 CAP: 6.25% RENTABLE SF.... 3,027 SF Site AREA Acres LEASE TYPE NNN YEAR BUILT Tenant Highlights Operator s rent as a percentage of sales for existing locations is less than 6% Exclusive operator of Freddy s in Idaho, Utah and Arizona Property highlights New construction, expected to be completed April 2015 Surrounded by national retailers such as The Home Depot, Panda Express, Wells Fargo, Arby s and many more Lease highlights Lease signed and guaranteed by high net worth entity, with personal guarantee Franchisee executed a 15-year lease that commences at completion of building construction 1.5% annual rental increases in both the primary term and two 10-year option periods Tenant is responsible for taxes, insurance, utilities, and repair and maintenance of the roof and all structural elements of the building [ Representative Photo ] Freddy s 2

W 2nd Street THE FAMILY CENTER AT OGDEN 2nd Street Heritage

High School Wall Avenue Wall Avenue 39 12th Street 39 104 30,569

School Canyon View School 12th Street Gramercy Elementary Monroe

High School Monroe Boulevard Ben Lomond High School 203 Harrison

3 W 2nd Street THE FAMILY CENTER AT OGDEN 2nd Street Heritage Elementary 89 Mound Fort Jr. High School Wall Avenue Wall Avenue 39 12th Street ,569 DAILY Venture Academy Washington Boulevard 89 Bonneville School Canyon View School 12th Street Gramercy Elementary Monroe Boulevard Mound Fort Jr. High School Monroe Boulevard Ben Lomond High School 203 Harrison Boulevard 203 Harrison Boulevard Utah School for the Deaf and Blind Horace Mann School SALT LAKE CITY Canyon Road EL MONTE GOLF COURSE 21st Street Freddy s 3

4 Surrounding Retail Photos Freddy s 4

Construction Details Foundation Exterior Walls Electrical Plumbing Concrete footings with 4

and brick veneer 208/120 volt service Main water service is a 1.

5 Construction Details Foundation Exterior Walls Electrical Plumbing Concrete footings with 4 on grade concrete slab Metal stud with insulation, exterior skin is a combination of EIFS and brick veneer 208/120 volt service Main water service is a 1.5 line Americans with Disabilities Property is ADA compliant. HVAC Three HVAC units- Two 7.5 tons and one 12.5 tons Roof 60mm Thermoplastic Membrane Roofing with 20-year warranty Parking 38 parking stalls with a cross access agreement for parking lot with Mattress Firm Freddy s 5 [ Representative Photo ]

6 Site Plan Freddy s 6

Surrounding Retail Income & Expense PRICE $2,558,272 Price Per Square Foot: $845.15 Building Size (SF): 3,027 Site Area (SF): 40,293 Capitalization Rate: 6.

7 Surrounding Retail Income & Expense PRICE $2,558,272 Price Per Square Foot: $ Building Size (SF): 3,027 Site Area (SF): 40,293 Capitalization Rate: 6.25% Year Built: 2015 STABILIZED INCOME Per Square Foot Rent $52.82 $159,892 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses $0.00 EQUALS NET OPERATING INCOME $159,892 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. Buyer must verify the information and bears all risk for any inaccuracies. Freddy s 7

8 Rent Roll TENANT INFO LEASE TERMS RENT SUMMARY Tenant Name Sq. Ft. Term Current Rent Monthly Rent Yearly Rent Monthly Rent/ FT Yearly Rent/ FT Freddy s 3,027 1 $159,892 $13,324 $159,892 $4.40 $ $13,524 $162,290 $4.47 $ $13,727 $164,725 $4.53 $ $13,933 $167,196 $4.60 $ $14,142 $169,704 $4.67 $ $14,354 $172,249 $4.74 $ $14,569 $174,833 $4.81 $ $14,788 $177,455 $4.89 $ $15,010 $180,117 $4.96 $ $15,235 $182,819 $5.03 $ $15,463 $185,561 $5.11 $ $15,695 $188,345 $5.19 $ $15,931 $191,170 $5.26 $ $16,170 $194,037 $5.34 $ $16,412 $196,948 $5.42 $65.06 Option % Annual increases Option % Annual increases Current Totals: 3,027 $159,892 $13,324 $159, $4.40 $52.82 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. Buyer must verify the information and bears all risk for any inaccuracies. Freddy s 8

Representative Photos Freddy s Lease Signed & Guaranteed by Very strong franchisee About Freddy s frozen custard Freddy s Frozen Custard & Steakburgers is a quick-service restaurant chain based in

From sandwiches to sundaes, Freddy s makes food fresh to order.

9 Representative Photos Freddy s Lease Signed & Guaranteed by Very strong franchisee About Freddy s frozen custard Freddy s Frozen Custard & Steakburgers is a quick-service restaurant chain based in Wichita, Kansas. The company opened its doors in 2002, franchised in 2004, and now there are currently 113 Freddy s restaurants across 18 states. From sandwiches to sundaes, Freddy s makes food fresh to order. Freddy s Frozen Custard has again been recognized by Franchise Times Magazine, this time on its inaugural Fast and Serious list in the March issue. The list uses a 10-point formula to identify fast-growing franchise systems that also have staying power. It is based on three years of impressive unit and sales growth, and includes brands in other industries, not just restaurants. For 2013, Freddy s was again named among Entrepreneur Magazine s Franchise 500, repeated its recognition by QSR magazine as one of four Rising Stars in the Best Franchise Deals issue, Franchise Times Magazine s Next 300 Franchise Chains and was included among Inc. Magazine s 500/5000 list of Fastest Growing Private Companies. In 2012, besides those recognitions repeated in 2013, Freddy s was named one of Business Insider s 8 Better Burger Chains Poised to Conquer America. About franchisee The franchisee is an investor group of very strong guarantors (ask Agent for more details) who have a 40-unit franchise agreement with Freddy s Custard s in Arizona, Utah, and Idaho. They have been operating on behalf of this franchise for over 3 years and currently have two locations in Tucson, Arizona, one in St. George, Utah, and another in Surprise, Arizona. The Meridian store brings them to a total of 5 locations with leases signed to have 10 total stores within a year. They intend to open a total of 20 stores within 3 years. There are two separate personal guaranties on the lease. Freddy s 9

10 Regional Map Ogden UT Location Traffic counts in excess of 30,569 vpd on 12th Street Freddy s Surrounding Retail Freddy s 10

11 Location & Demos Ogden, UT As the principal city of the 2nd largest MSA in Utah, Ogden serves as an economic hub for the northern part of the state. Much of the central city is occupied by offices of various federal, state, county, and municipal government entities. The Internal Revenue Service has a large regional facility in Ogden and is the city s largest employer with over 5,000 employees. Other large employers include McKay Dee Hospital, Weber State University, Ogden City School District, Autoliv, Fresenius, and Convergys. Population 1 Mile 3 Miles 5 Miles 2010 Population 11,357 72, , Population 11,816 74, , Population (Projection) 12,541 78, , Household incomes 2013 Average Household Income $40,599 $45,806 $53,504 In 2013, Ogden ranked No. 16 on Forbes list of the Best Places for Business and Careers. Several industrial areas are found in the western parts of the city. The largest of these is Business Depot Ogden, a former Army depot that was restructured to be a 1,000-plus acre business park. The Ogden, Utah, area is a center for skiing and adventure sports. Located 40 miles north of Salt Lake City, Ogden is gateway to Snowbasin, Powder Mountain and Wolf Mountain ski resorts. Top Employers in Ogden Employer McKay Hospital Weber State University Ogden City School District Autoliv Ogden is home to Weber State University, which has an on-campus enrollment of 18,000 students and offers a variety of advanced degrees to its students. Freddy s 11

A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ www.capitalpacific.

12 A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ ] [ Representative Photo ] John Andreini jandreini@capitalpacific.com (415) CA BRE# Rick Sanner rsanner@capitalpacific.com (415) CA BRE# Chris Kostanecki ck@capitalpacific.com (415) CA BRE# Bob Sanner bsanner@capitalpacific.com (415) CA BRE# In conjunction with UT Licensed Broker: Chris Hatch, Mountain West Retail & Investment (801) chatch@mtnwest.com Copyright 2015 [Capital Pacific Real Estate Brokerage Company]

Freddy s Drive Thru. Native Grill. 15-year absolute net lease to Freddy s in Tucson, Arizona E. Old Vail Road, Tucson, AZ 85747

Freddy s Drive Thru. Native Grill. 15-year absolute net lease to Freddy s in Tucson, Arizona E. Old Vail Road, Tucson, AZ 85747 Freddy s Drive Thru Native Grill [ REPRESENTATIVE PHOTO ] [ REPRESENTATIVE PHOTO ] 15-year absolute net lease to Freddy s in Tucson, Arizona 10205 E. Old Vail Road, Tucson, AZ 85747 John Andreini jandreini@capitalpacific.com