Twin Peaks. 20 YEar absolute Net Lease

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1 Twin Peaks 20 YEar absolute Net Lease [ REPRESENTATIVE PHOTO ] Premier Trade Area - Huge traffic Counts 10% Rental Increases every 5 years [ 535 Howe Avenue, Sacramento, CA ]

2 PROperty Summary 20 year Absolute net lease twin peaks in Sacramento, CA PRICE: $6,075,454 CAP: 6.00% Listing Team Contact Info John Andreini (415) CA BRE# RICK SANNER (415) CA BRE# Rentable SF...8,798 SF land area Acres Completion date...june 13, 2016 Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. [ Surrounding area retail ] TWIn peaks 2

3 core characteristics investment highlights Premier trade area with surrounding area retailers including Williams Sonoma, Talbots, Bank of America, Safeway, Starbucks, and many others. There is also an adjacent car dealership slated for major redevelopment. Over 362,000 residents within a 5-mile radius; population growth projected in one, three, and five mile radii. Incredible traffic counts of almost 50,000 vehicles per day on Howe Avenue. Tenant highlights (see page 9 for more details) 2014 total sales of $226.8 million. Nation s Restaurant News 2015 Second 100 lists Twin Peaks as the number 5 fastest growing chain. Listed in the 2014 FSR 50: Top 10 Fast-Growing, High-Performing Chains, based on year-over-year growth in sales. operator/ guarantor (see page 9 for more details) Operator of over 20 restaurants throughout California and Idaho with franchise agreement plans to grow to over 40 units. Operates numerous franchises including Popeye s, Sonic, Black Bear Diner, Twin Peaks, AM/PM. Net worth of over $20 million. lease highlights 20 -year absolute net lease 10% rental increases every 5 years throughout base term and two 5-year options Zero landlord responsibilities - all expenses are administered directly by tenant [ Surrounding area retail ] TWIn peaks 3

4 aerial Traffic counts at the intersection of Howe & fair oaks are nearly 80,000 VPD PAVILLION PLAZA Ave n ue LOEHMANN S PLAZA 49,341 DAILY 28,060 DAILY Fair Oaks Boulevard CAMPUS COMMONS GOLF COURSE t Sacramento Country Day School ee tr JS Watt Avenue Sierra Oaks K-8 as Elv Howe Avenue as nu e Av e 50 Hubert Bancroft Elementary Califronia Montessori Project Tahoe Elementary Power Inn Road Elv Gateway International School Jac kson Roa d 50 SACRAMENTO CITY CENTER TWIn peaks 4

5 photos area retailers include william sonoma, Talbots, Safeway, Savemart, CVS, & Many others TWIn peaks 5

6 income & expense [ Surrounding area retail ] PRICE $6,075,454 Price Per Square Foot: $ Capitalization Rate: 6.00% Total Rentable Area (SF): 8,798 Lot Size (AC)*: 0.71 STABILIZED INCOME Per Square Foot Scheduled Rent $41.43 $364,527 Effective Gross Income $41.43 $364,527 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING INCOME $364,527 *There is additional cross parking for the subject property. speak with agent for details. 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. [ REPRESENTATIVE PHOTO ] TWIn peaks 6

7 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 Twin Peaks 8, $364,527 $30,377 $364,527 $3.45 $ $33,415 $400,980 $3.80 $ $36,756 $441,078 $4.18 $ $40,432 $485,186 $4.60 $55.15 Option $44,475 $533,704 $5.06 $60.66 Option $48,923 $587,075 $5.56 $66.73 Totals: 8,798 $364,527 $30,377 $364,527 $3.45 $41.43 *Projected Store Opening: June 13, 2016 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. [ Surrounding area retail ] TWIn peaks 7

8 site plan Howe Avenue 49,341 DAILY MONUMENT SIGN Site Plan Key Cadillac Drive Parcel outline: Building Area: Ingress/Egress: 8,798 sf This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. TWIn peaks 8

9 tenant overview [ REPRESENTATIVE PHOTO ] [ REPRESENTATIVE PHOTO ] Twin Peaks Founded in 2005 in the Dallas suburb of Lewisville, Twin Peaks was designed as a unique concept to meet the needs of an untapped market. Twin Peaks features high-quality food and ice cold draft beer served by friendly and attractive Twin Peaks Girls in a mountain sports lodge setting. Early in 2014, Twin Peaks opened its first microbrewery, which produces several in-house beers, including Dirty Blonde and Knotty Brunette. As well as providing beer for its restaurants, Twin Peaks sells some of the canned beer at select retailers, which puts the brand in front of the general beer-drinking population. Twin Peaks ended 2015 with 63 restaurants, 24 of which are company-owned. United states systemwide food service sales were $226.8 million in 2014, rising from $165.3 million in About the Guarantor Norcal Cajun Foods Inc. is made up of experienced developers and restauranteurs for Popeye s, ARCO, Twin Peaks, Black Bear Diner with a net worth of over $20 million. The guarantor operates over twenty locations throughout California and Idaho. In 2014, Norcal Cajun Foods signed a 12-unit SONIC franchisee agreement covering North and East San Francisco Bay Area. TWIn peaks 9

10 regional map Sacramento is located 90 miles from the San francisco Bay area sacramento downtown sacramento 49,341 DAILY 28,060 DAILY 90 miles san francisco bay area TWIn peaks 10

11 location Location & Demographics About Sacramento, CA Sacramento, the capital of California, is located along the Sacramento River in California s expansive Central Valley. With a 2010 estimated population of 466,488, it is the sixth-largest city in the state. Sacramento is the core cultural and economic center of the Sacramento Metropolitan Area which includes El Dorado, Placer, Sacramento, and Yolo counties and has a combined population of approximately 2,927,123. California State University, Sacramento, more commonly known as Sacramento State or Sac State, is the major local university. It is one of the twenty-three campus California State University system. In addition, the University of California, Davis is located only 15 miles west. The UC Davis Medical Center, a world-renowned research hospital, is also located in Sacramento. The city s major employers are widely dominated by the local and state government and local health systems. The top employers include the State of California, Sacramento County, UC Davis Health System, Kaiser Permanente, Sutter Health Sacramento City Unified School District, Elk Grove Unified School District, Intel, Mercy/ Catholic Healthcare West, and San Juan Unified School District. Population 2015 Household incomes Top Employers in sacramento 1-Mile 3-Mile 5-Mile , , , , , , , , ,489 1-Mile 3-Mile 5-Mile Average $63,784 $68,657 $60,845 Employer # of Employees* State of California 72,220 Sacramento County 10,700 U.S. Government 9,906 UC Davis Health System 9,905 *Approximate TWIn peaks 11

12 A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ ] [ Surrounding area retail ] Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. John Andreini jandreini@capitalpacific.com (415) CA BRE# Bob Sanner bsanner@capitalpacific.com (415) CA BRE# Rick Sanner rsanner@capitalpacific.com (415) CA BRE# chris kostanecki chris peters dave lucas zandy smith jack navarra zeb ripple joe caccamo gregg steele karla zens [ Copyright 2016 Capital Pacific LLC ]