INVESTMENT OPPORTUNITY $2,976,000 | 4.20% CAP HOUSTON, TX * Photo of Representative Property No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Houston, TX OFFERING MEMORANDUM EXCLUSIVELY LISTED BY: Ryan Barr 760.448.2446 [email protected] Ryan Bennett 760.448.2449 [email protected] CA Lic#01338994 CA Lic#01826517 Barr & Bennett Net Leased Investments www.nnninvestmentgroup.com This property is listed in conjunction with DFW Lee & Associates, LP for out of state licensing purposes (TX Lic#0542674) * Photo of Representative Property Page 2 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY INVESTMENT SUMMARY EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070 PageProperty 3 of 24 * Photo of Representative No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070 Investment Summary INVESTMENT HIGHLIGHTS Price: NOI: Cap: PROPERTY OVERVIEW $2,976,000 $125,000 4.20% 19610 State Highway 249, Houston TX 77070 Address: El Pollo Loco, Inc. Tenant: El Pollo Loco, Inc. (Corporate) Guarantor: 2,990 SF / 0.88 Acres Building/Lot Size: Fee Simple Ownership: 2015 (Under Construction) Year Built: TERMS, RENT SCHEDULE & OPTIONS September 1, 2015 (estimated)* Lease/Rent Commencement: 8/31/2035 Lease Expiration: 20 Years Lease Term: Absolute NNN Ground Lease Lease Type: None Landlord Responsibilities: * Photo of Representative Property RENT SCHEDULE Primary Term Years 1-5 Years 6 - 10 Years 11-15 Years 16 - 20 Start Date End Date NOI/Yr NOI/Mo NOI/SF/Yr NOI/SF/Mo Increase Over Prior Term Cap rate 9/1/2015 9/1/2020 9/1/2025 9/1/2030 8/31/2020 8/31/2025 8/31/2030 8/31/2035 $125,000 $137,500 $151,250 $166,375 $10,416.67 $11,458.33 $12,604.17 $13,864.58 $41.81 $45.99 $50.59 $55.64 $3.48 $3.83 $4.22 $4.64 10% 10% 10% 4.20% 4.60% 5.08% 5.60% 8/31/2040 8/31/2045 8/31/2050 8/31/2055 $183,013 $201,314 $221,445 $243,589 $15,251.04 $16,776.15 $18,453.76 $20,299.14 $61.21 $67.33 $74.06 $81.47 $5.10 $5.61 $6.17 $6.79 10% 10% 10% 10% 6.15% 6.76% 7.44% 8.19% Option Periods - Four (4) Five-Year Options Option 1 Option 2 Option 3 Option 4 9/1/2035 9/1/2040 9/1/2045 9/1/2050 Average Cap Rate Over Primary Term 4.87% Average Cap Rate Over the Life of the Lease (Primary + Options) 6.00% * Seller will credit Buyer at closing for rent until El Pollo Loco begins paying rent. Page 4 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070 Lease Abstract Property Taxes The Premises is a separate tax parcel and will never be part of a larger tax parcel during the term. Tenant pays all real estate taxes against Premises directly to the taxing authority. Insurance Tenant is specifically obligated to insure for full replacement in the event of casualty, loss, damage, etc. Utilities Tenant pays all electric, water, gas, sewer, telephone, CATV, and other utility charges in connection with use of Premises.Tenant is responsible for obtaining, connecting, installing, repairing, maintaining, and replacing all utility lines, connections and facilities on Premises, and pays all such charges including water and sewer service charges connected with Premises and Improvements. Common Area Maintenance N/A Landlord Repairs N/A - LL is not responsible for payment of expenses related to construction, maintenance, repair, or operation of building structures or enterprises situated on Premises. Tenant Repairs Tenant maintains Premises in a clean and orderly condition and repair and replace all improvements, including parking lot, hardscape, landscaping, sidewalks, lighting standards and signs within boundaries of Premises. Tenant keeps Tenant Improvements in good condition and repair Damages For damage or destruction to Premises, Tenant shall either (a) repair and restore Premises, or (b) remove Tenant Improvements from Premises and continue for the remainder of Term, to pay all amounts due.If such damage occurs during last (3) year of Term and comprises more than (25%) of Tenant Improvements to Premises, Tenant may terminate upon (30) days prior written notice to LL. Annual Rent and real estate taxes payable shall be totally abated if Tenant must close or equitably reduced in proportion to such interference. If restoration is not capable of being completed within (1) year from date of casualty, Tenant may terminate upon (10) days written notice to LL. Right of First Offer / Right of First Refusal N/A Sublease / Assignment Regardless of any assignment or sublease, El Pollo Loco, Inc. remains unconditionally responsible for all Tenant obligations for entire term of lease and lease extensions. Tenant may assign Lease or sublet Premises only with LL’s prior written consent; provided Tenant may assign or sublet without LL’s consent to: (a) any entity Controlled, Controlling, or mutually Controlled with Tenant; (b) entities acquiring substantially all Tenant’s assets or interest; (c) upon merger; (d) or a bona fide franchisee or Affiliate of Tenant. Page 5 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070 Investment Highlights LONG TERM LEASE - INVESTMENT CREDIT TENANT □□ □□ □□ □□ □□ □□ Absolute NNN Ground Lease - No Landlord Responsibilities - Tenant Pays All Expenses Long Term Net Lease - Fee Simple - 20 Year Absolute Net Lease Four (4) 5-Year Options - 10% Rent Escalations Every 5 years in Primary Term & Options Corporate Guarantee - Lease is Guaranteed by El Pollo Loco, Inc. Strong Tenant Growth - El Pollo Loco Reported Same-Store Sales Increase of 7.6% in 4Q2014 New Building Construction - New El Pollo Loco Design Concept with Drive-Thru - Estimated Completion September 2015 STRATEGIC LOCATION - RETAIL SYNERGY □□ Located on Corner of Cypresswood Dr & Texas 249 Access Road - Excellent Visibility along State Highway 249 - Combined Traffic Counts of 170,000 CPD □□ Located in Champion Forest Master Planned Development - One of Houston’s Most Affluent Areas - High End Homes, Mixed Use Office Parks □□ Strong Retail Demand - Asking Rents up 4.5% - Vacancy Down 6.6% □□ Strong Retail Synergy - Neighbors include CVS Pharmacy, Kroger, Burger King, Exxon, Sonic Burger, Exxon, Citibank, Capital One Bank, Lowe’s, Dairy Queen, and more. STRONG DEMOGRAPHICS - DENSE POPULATION □□ □□ □□ □□ □□ Nearly 263,000 people within a 5 Mile Radius Average Household Income of $99,920 within a 3 Mile Radius Unemployment Rate of 4.6% - Outpaces National Rate of 5.6% Strong Housing Demand - Home Values up 12.3% in Past Year Dense Residential Area Surrounded by Schools and Universities * Photo of Representative Property No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Page 6 of 24 INVESTMENT OPPORTUNITY EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070 Elevations Rear of Building Main Entrance Side Entrance Drive Thru Page 7 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY AERIALS OVERVIEW EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070 PageProperty 8 of 24 * Photo of Representative No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY OVERHEAD VIEW OF ELPOLLO LOCO SITE 145,000 cpd Texas 249 Access Rd Cypresswood Dr (25,000 cpd) SUBJECT PROPERTY N Page 9 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY VIEW LOOKING NORTH FROM EL POLLO LOCO SITE David Wayne Hooks Memorial Airport Gleannloch Pines Golf Club Vintage Lakes Noble Energy Louetta Rd Vintage Park Apartments Hewlett Packard Data Center Vintage Park University Park Hewlett Packard Corporate Campus FutureKelsey-Sebold Hotel & Reliant NW Office Houston Vintage Di Vita THE VINTAGE St. Luke’s Hospital at The Vintage San Cierra Future Class A Multi-Family San Antigua y erve Pkw (see Area Overview Section) Windrose Golf Club Cut te Res Vintage n Rd Villas at Cypresswood Sc SKS USA NPS TKE Engineering LSI Logic Gexa Energy CDM Resource Mgmt Hitachi Merrill Lynch LG Display Akin Mears Inventec Amrisc hro r (2 od D sswo e r p y C D. Bradley McWilliams YMCA at Cypress Creek ) cpd 5,000 ed er Rd Schroeder Road Self Storage The Lakes at Cypresswood as Tex Chasewood Crossing R ess Acc cpd 249 ,000 145 Highpointe Future Fine Dining Restaurants * Photo of Representative Property d Discovery Future Office Park N Page 10 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY LOOKING NORTHEAST FROM EL POLLO LOCO SITE David Wayne Hooks Memorial Airport Gleannloch Pines Golf Club Windrose Golf Club Klein High School Louetta Rd Vintage Park Apartments Louetta Rd Vintage Lakes Hewlett Packard Data Center Vintage Park e g Vinta Vintage Di Vita Future Kelsey-Sebold Hotel & Reliant NW Office Houston Raveneaux Country Club Future Class A San Cierra Multi-Family San Antigua ve Pk Reser Cutten Rd wy Villas at Cypresswood THE VINTAGE St. Luke’s Hospital at The Vintage Cutten R (see Area Overview Section) Schroeder Road roe Self Storage der Rd Sch d) 0 cp ,00 od wo s res Cyp D. Bradley McWilliams YMCA at Cypress Creek (25 Dr d The Lakes at Cypresswood * Photo of Representative Property Te xa 14 s2 49 5,0 Ac ce s sR Highpointe d Chasewood Crossing Te xa 00 s2 cp d 49 Ac ce s sR d Future Fine Dining Restaurants Future Office Park Discovery N Page 11 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY LOOKING EAST FROM EL POLLO LOCO SITE Cypress Creek P kw d tta R Klein High School Houston Texas Temple Loue George Bush Intercontinental Airport y Champions Village Shopping Center Champion Forest Dr Cypress Creek P kw Cutten Rd * Photo of Representative Property Schroeder s Cypre Villas at Cypresswood The Banff School St. Timothy Lutheran Church Schroeder Road Self Storage Cutten Rd y Raveneaux Country Club Hilliard Elementary School Rd d Dr swoo Eastern Hancock Elementary School (25,0 d) 00 cp The Lakes at Cypresswood Chasewood Crossing Future Fine Dining Restaurants Future Office Park Texas 249 Access Rd 145,000 cpd Texas 249 Access Rd N Highpointe Discovery Page 12 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY LOOKING SOUTHEAST FROM EL POLLO LOCO SITE Vistas High School Champions Village Shopping Center Sam Housto Race Park Cypress Creek Pkwy Raveneaux Country Club Cypress Creek Cutten Rd Willowbrook Mall Pkwy Willowbrook 24 The Banff School Houston Methodist Willowbrook Hospital St. Timothy Lutheran Church Schroeder Rd Hilliard Elementary School Schroeder Road Self Storage Schroeder Rd Eastern Hancock Elementary School Prince of Peace Catholic Community * Photo of Representative Property The Lakes at Cypresswood Perry Rd Future Office Park Chasewood Crossing Future Fine Dining Restaurants Cy p d d sR s cp e c 0 c 0 d A 5,0 sR 49 4 s 2 1 e c as Ac Tex 9 4 s2 a x Te re s sw oo d Dr (2 5,0 00 cp d) Discovery Highpointe N Page 13 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY LOOKING SOUTH FROM EL POLLO LOCO SITE HOUSTON The Galleria Sam Houston Race Park nR Cutte d Willowbrook Mall Mills Run Cypress Creek Pkwy Estates at Willowbrook Orchard Park at Willowbrook Cypress Creek High School Houston Methodist Willowbrook Hospital er oed Schr rr y Pe FM 1960 Rd W rr y Pe Rd Eastern Hancock Elementary School Rd Campbell Middle School Rd Mills R d Grant Rd Prince of Peace Catholic Community Future Office Park Chasewood Crossing Discovery Future Fine Dining Restaurants as Tex ss cce 9A 24 Highpointe Rd ess Acc pd 0c 249 ,00 145 as Tex The Lakes at Cypresswood Rd * Photo of Representative Property Cypresswood Dr (25,000 cpd) N Page 14 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY LOOKING SOUTHWEST FROM EL POLLO LOCO SITE KATY Campbell Middle School FM 1960 Rd 0 Rd FM 196 W Jones Rd Mills Rd Mill Run Orchard Park at Willowbrook r Per Estates at Willowbrook W Bleyl Middle School Cypress Creek High School Grant Rd Grant Rd yR Cypress Forest d Mandolin Village Prince of Peace Catholic Community Discovery Highpointe cpd Tex as Dr ,000 Houston Northwest Church d 145 249 Acc ess sw oo Chasewood Crossing Future Fine Dining Restaurants Rd re s * Photo of Representative Property Cy p Future Office Park Texa s2 0 ,00 5 r (2 The Lakes at Cypresswood ) cpd 49 A cces sR d D od o ssw re Cyp N Page 15 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY LOOKING WEST FROM EL POLLO LOCO SITE Longwood Golf Club Oaks Adventist Christian School Jones Rd Moore Elementary School Bleyl Middle School tR Gran Grant Rd Cypress Forest d Mandolin Village Cy p res Discovery Highpointe sw oo dD r Houston Northwest Church D. Bradley McWilliams YMCA at Cypress Creek 145,000 cpd Texas 249 Access Rd Future Office Park Future Fine Dining Restaurants Chasewood Crossing * Photo of Representative Property N The Lakes at Cypresswood Page 16 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY LOOKING NORTHWEST FROM EL POLLO LOCO SITE * Photo of Representative Property Grant R d Texas Southern UniversityNorthwest Lone Star College University Park University of Houston NPS SKS USA Northwest Cypress Forest LSI Logic CDM Resource Mgmt Merrill Lynch Akin Mears swood Dr Hewlett Packard Corporate Campus Kelsey-Sebold Clinic Reliant NW Houston d 00 cp 0 145, Highpointe Discovery R cess 9 Ac d as 24 TexFuture Fine Dining Restaurants Chasewood Crossing Future Office Park University Park D. Bradley McWilliams YMCA at Cypress Creek Houston Northwest Church Cypre s TKE Engineering Gexa Energy Hitachi LG Display Inventec Amrisc Noble Energy Cypr e sswo od D r (2 5,00 0 cpd) The Lakes at Cypresswood N Page 17 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY TENANT OVERVIEW EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070 PageProperty 18 of 24 * Photo of Representative No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070 Tenant Overview * Photo of Representative Property El Pollo Loco, Inc. (NASDAQ: LOCO) • Founded: 1980 • Headquarters: Costa Mesa, CA • Areas Served: Southwestern United States El Pollo Loco, Inc. is a fire-grilled chicken restaurant chain in America, specializing in Mexican-style grilled chicken. Its signature chicken is deeply marinated in a proprietary blend of lime, fruit juice, garlic, spices and seasoning then grilled on an open flame by the restaurant’s Grill Masters. The chain is committed to presenting their guests with quality, handmade Chicken Meals that are made with fresh, authentic ingredients like handmade guacamole, fresh salsa and fire-grilled chicken. Restaurant service consists of: dine-in, take-out, and drive through options. The company is headquartered in Costa Mesa, California. In the U.S., the El Pollo Loco chain operates nearly 400 company-owned and franchised restaurants in Nevada, Arizona, Utah, Texas, and California. In 2012, El Pollo Loco restaurants went through a major makeover, with more than 55 of their restaurants sporting a newer more contemporary look. The revamped stores include grills that are visible to guests as they order, and larger windows that shed more light on the colorful orange and blue hues of the dining room. The salsa bar moved from the dining room to a more central location near the front counter. In Mexico, Pollo Loco operates over 40 restaurants in Mexico City and the states of Nuevo León, Coahuila, Sonora, and Michoacán, 32 of those being located in Nuevo León. In July 2014, El Loco Pollo (NASDAQ: LOCO) became a publicly traded company by first offering shares of corporate stock for sale on NASDAQ. • Locations: 400 • Industry: Restaurants • Genre: Casual Dining • Website: www.elpolloloco.com Page 19 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY AREA OVERVIEW EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070 PageProperty 20 of 24 * Photo of Representative No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070 Area Overview - Houston HOUSTON, TX Houston is the most populous city in Texas, and the fourth most populous city in the United States. With a census-estimated 2013 population of 2.19 million people within a land area of 599.6 square miles, Houston is the largest city in the Southern United States, the seat of Harris County, and fifth-most populated metropolitan area in the United States. Houston was founded in 1836 on land near the banks of Buffalo Bayou (now known as Allen’s Landing) and incorporated as a city on June 5, 1837. The city was named after former General Sam Houston, who was president of the Republic of Texas and had commanded and won at the Battle of San Jacinto 25 miles east of where the city was established. The burgeoning port and railroad industry, combined with oil discovery in 1901, has induced continual surges in the city’s population. In the mid-twentieth century, Houston became the home of the Texas Medical Center—the world’s largest concentration of healthcare and research institutions—and NASA’s Johnson Space Center, where the Mission Control Center is located. Porter Cypress HOUSTON Sugar Land Houston’s economy has a broad industrial base in energy, manufacturing, aeronautics, and transportation. It is also leading in health care sectors and building oilfield equipment; only New York City is home to more Fortune 500 headquarters. The Port of Houston ranks first in the United States in international waterborne tonnage handled and second in total cargo tonnage handled. The city has a population from various ethnic and religious backgrounds and a large and growing international community. Houston is considered to be the most diverse city in Texas and the United States. It is home to many cultural institutions and exhibits, which attract more than 7 million visitors a year to the Museum District. Houston has an active visual and performing arts scene in the Theater District and offers year-round resident companies in all major performing arts. Page 21 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. INVESTMENT OPPORTUNITY EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070 Area Overview - The Vintage The Vintage is northwest Houston’s premier destination for dining, shopping, and living. The project features award-winning restaurants, world-class healthcare, a grocery market, a variety of boutiques and shops, a community college offering diverse courses on a wooded campus, homes ranging from $160,000 to over $2 million, luxury apartment communities, major employers and an 80 acre nature preserve. Page 22 of 24 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Houston, TX 77070 SUMMARY PROFILE INVESTMENT OPPORTUNITY 2000-2010 Census, 2014 Estimates with 2019 Projections 11,305 103,923 282,494 2010 Census Population 9,900 90,958 247,284 Census Population Lat/Lon: 2000 29.9808/-95.5660 5,785 68,543 186,709 Projected Annual Growth 2014 to 2019 1.5% 1.5% 1.5% Historical Annual Growth 2000 to 2014 5.9% 1 mi radius 2.9% 3 mi radius 2.9% 5 mi radius 33.8 36.8 POPULATION 2019 Projected Population 19610 State Hwy 249 1 Mile Houston, TX 77070 EDUCATION BUSINESS (AGEBUSINESS 25+) EDUCATIONRACE AND INCOME INCOME RACE & ETHNICITY INCOME (AGE 25+) ETHNICITY RACE AND HOUSEHOLDS HOUSEHOLDS ETHNICITY HOUSEHOLDS POPULATION POPULATION 2014 Median Age 5 Miles 35.8 2014 Estimated Population 2014 Estimated Households 2019 Projected Population 2019 Projected Households 2010 Census Population 2010 Census Households 2000 Census Population 2000 Census Households Projected Annual Growth 2014 to 2019 Projected Annual Growth 2014 to 2019 Historical Annual Growth 2000 to 2014 Historical Annual Growth 2000 to 2014 2014 Median Age 2014 Estimated White 2014 Estimated Households 2014 Estimated Black or African American 2019 Projected Households 2014 Estimated Asian or Pacific Islander 2010 Census Households 2014 Estimated American Indian or Native Alaskan 2000 Census Households 2014 Estimated Other Races 10,525 4,709 11,305 5,078 9,900 4,397 5,785 2,293 1.5% 1.6% 5.9% 7.5% 33.8 71.5% 4,709 10.7% 5,078 9.0% 4,397 0.8% 2,293 8.1% 96,727 38,230 103,923 41,220 90,958 35,690 68,543 25,264 1.5% 1.6% 2.9% 3.7% 36.8 71.1% 38,230 10.3% 41,220 8.9% 35,690 0.6% 25,264 9.1% 262,950 96,287 282,494 103,822 247,284 89,893 186,709 65,978 1.5% 1.6% 2.9% 3.3% 35.8 66.1% 96,287 12.2% 103,822 9.9% 89,893 0.6% 65,978 11.2% Projected Annual Growth 2014 to 2019 2014 Estimated Hispanic Historical Annual Growth 2000 to 2014 2014 Estimated Average Household Income 2014 Estimated White 2014 Estimated Median Household Income 2014 Estimated Black or African American 2014 Estimated Per Capita Income 2014 Estimated Asian or Pacific Islander 2014 (Grade Level 0Alaskan to 8) 2014 Estimated Estimated Elementary American Indian or Native 1.6% 19.8% 7.5% $80,662 71.5% $69,849 10.7% $36,118 9.0% 4.8% 0.8% 1.6% 21.0% 3.7% $99,921 71.1% $79,258 10.3% $39,501 8.9% 3.8% 0.6% 1.6% 24.5% 3.3% $97,623 66.1% $79,688 12.2% $35,763 9.9% 5.0% 0.6% 4.3% 8.1% 19.0% 19.8% 26.0% 4.9% 9.1% 21.0% 21.0% 23.8% 5.0% 11.2% 22.1% 24.5% 24.4% 2014 Household Income 2014 Estimated Estimated Average Associates Degree Only $80,662 6.2% $99,921 7.0% $97,623 7.0% 2014 Household Income 2014 Estimated Estimated Median Bachelors Degree Only $69,849 29.2% $79,258 27.6% $79,688 25.7% 2014 CapitaDegree Income 2014 Estimated Estimated Per Graduate $36,118 10.4% $39,501 12.0% $35,763 10.7% 2014 (Grade Level 0 to 8) 2014 Estimated Estimated Elementary Total Businesses 4.8% 522 3.8% 4,368 5.0% 10,267 2014 High School (Grade Level 9 to 11) 2014 Estimated Estimated Some Total Employees 4.3% 8,801 4.9% 43,678 5.0% 100,319 2014 School Graduateper Business 2014 Estimated Estimated High Employee Population 19.0% 16.9 21.0% 10.0 22.1% 9.8 2014 Estimated Estimated Residential Some College 2014 Population per Business 26.0% 20.2 23.8% 22.1 24.4% 25.6 6.2% 7.0% 7.0% 29.2% 27.6% 25.7% 2014 Estimated Estimated Other Some Races High School (Grade Level 9 to 11) 2014 2014 Estimated High School Graduate 2014 Estimated Hispanic 2014 Estimated Some College 2014 Estimated Associates Degree Only 2014 Estimated Bachelors Degree Only ©2015, Sites USA, Chandler, Arizona, 480-491-1112 2014 Estimated Graduate Degree BUSINESS 3 Miles RS1 page 1 of 1 This report was produced using data from private Thisand report government was produced sources using deemed data from to beprivate reliable. andThe government information sources hereindeemed is provided to be without reliable. representation The information or warranty. herein is provided without representation or warranty. EL POLLO LOCO10,525 | 19610 State Highway 249, Houston TX 77070 262,950 96,727 2014 Estimated Population Calculated using Proportional Block Groups Demographics Demographic Source: Applied Geographic Solutions 08/2014, TIGER Geography 10.4% 12.0% 10.7% 2014 Estimated Total Businesses 522 4,368 10,267 2014 Estimated Total Employees 8,801 43,678 100,319 2014 Estimated Employee Population per Business 16.9 10.0 9.8 2014 Estimated Residential Population per Business 20.2 22.1 25.6 * Photo of Representative Property No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Page 23 of 24 Exclusively Listed by: Ryan Barr 760.448.2446 [email protected] Ryan Bennett 760.448.2449 [email protected] www.nnninvestmentgroup.com Lee & Associates hereby advises all prospective purchasers of Single-Tenant Net-Leased property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a single-tenant 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. Lee & Associates 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 single-tenant 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 careful, independent investigation of any single-tenant 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 financial 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 facilities 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 interrupted 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. By accepting this Marketing Brochure you agree to release Lee & Associates and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this single-tenant property. No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice.
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