triple net-ground-lease-arbys-for-sale

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Arby’s (Ground Lease)8720 Manchester Road

Brentwood, MO 63144 (St. Louis MSA)

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TABLE OF CONTENTS

TABLE OF CONTENTS

1) Confidentiality&Disclaimer

2) ExecutiveSummary

3) PropertyOverview

4) Aerials

5) SitePlan

6) Maps

7) TenantProfile

8) DemographicComparisonReport

9) LocationOverview

10) ContactInformation

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

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIMER

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TheBoulderGroup is pleased to exclusivelymarket for sale a single tenant net leasedArby’s ground lease propertylocatedwithintheSt.LouisMSA.ThepropertyislocatedwithinastrongretailcorridoralongManchesterRoad,aprimaryeast-west thoroughfare.Thereareover tenyearsremainingontheArby’sground leasethatexpiresonNovember14,2024.Theleasefeatures10%rentalescalationseveryfiveyears.TheleaseisguaranteedbythelargestArby’sfranchisee,USBeefCorporation,whichoperatesover320locations.

The43,562squarefootArby’spropertyislocatedalongManchesterRoad,aprimaryeast-westthoroughfarethatexperiencestrafficcountsinexcessof20,000vehiclesperday.ManchesterRoadrunsparallelwithInterstate64connectingthecityofSt.Louiswithits’westernsuburbs.Thesurroundingareaisdenselyconcentratedwithcommercialbuildingsprovidinghighbarrierstoentry.Additionally,thepropertyislocatedlessthanoneandone-halfmilesfromtheintersectionofInterstate64andInterstate170,whichexperiencestrafficcountsinexcessof300,000vehiclesperday.Thesurroundingareaisdenselypopulatedwithover107,000peoplelivingwithinathreemileradiusearningaverageannualhouseholdincomesinexcessof$93,000.TheArby’sisanoutparceltoanOfficeDepotandAceHardwareanchoredcenter.Thepropertyislocatedapproximatelyoneandone-halfmilesfromtheSaintLouisGalleria,a1.2millionsquarefootmallthatisanchoredby Apple,Nordstrom,Macy’s, andDillard’s. Additional retailers locatednearby includeWhole Foods, Target,WalmartSupercenter,Sam’sClub,Lowe’s,HomeDepotandSchnucks.

TheArby’sgroundleasehasovertenyearsremainingandfeatures10%rentalescalationseveryfiveyears.Therearefour5-yearrenewaloptionperiods.TheleaseisguaranteedbyUSBeefCorporation,thelargestArby’sfranchiseewithover320locations.

INVESTMENT HIGHLIGHTS

•LocatedwithintheSt.LouisMSA•Longtermgroundleasewithover10yearsremaining•10%rentalescalationseveryfiveyears•Nolandlordresponsibilities•Recentconstruction(2009)•GuaranteedbyUSBeefCorporation,Arby’slargestfranchiseewithover320locations•LocatedalongManchesterRoad,aprimaryeast-westthoroughfare withtrafficcountsinexcessof20,000VPD•Surroundingareaisdenselyconcentratedwithcommercialbuildings providinghighbarrierstoentry•CloseproximitytotheInterstate64&Interstate170interchange (300,000VPD)•Locatedapproximatelyoneandone-halfmilesfromtheSaintLouis Galleria,a1.2millionsquarefootmallthatisanchoredbyApple, Nordstrom,Macy’s,andDillard’s

EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

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PROPERTY OVERVIEW

PROPERTY OVERVIEW

Price: $1,355,357

CapRate: 5.60%

RentSchedule: NOI EscalationDate

$75,900$83,496 11/14/2019$91,872 11/14/2024(Option1)

$101,064 11/14/2029(Option2)$111,180 11/14/2034(Option3)$122,304 11/14/2039(Option4)

RentalEscalations: 10%EveryFiveYears

RenewalOptions: Four5-Year

LeaseCommencementDate: November14,2009

LeaseExpirationDate: November13,2024

Tenant: Arby’s

Guarantor: USBeefCorporation(320Locations)

YearBuilt: 2009

LeaseType: GroundLease

BuildingSize: 2,812SF

LandAcreage: 43,562SF

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AERIALS

AERIALS

N

170

64

MAN

CHES

TER

ROAD

SOUTH BRENTWOOD ROAD

128,000 VPD17

3,00

0 VP

D

HANLEY INDUSTRIALPARK

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AERIALS

AERIALS

N

MAN

CHESTER

ROAD

SOUTH BRENTWOOD ROAD

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SITE PLAN

SITE PLANM

ANC

HESTER

RO

AD

DRIVE-THRU

N

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MAPS

MAPS

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Arby’s Restaurant Group, Inc. is thesecond largestquick-servicesandwichchain in theU.S.withmore than3,400restaurantssystemwide.RoarkCapitalGroupacquiredthecompanyinJuly2011andowns81.5%ofthecompany,withTheWendy’sCompanyowningtheother18.5%.InadditiontoitsclassicRoastBeefandBeef‘nCheddarsandwiches,madeinstoredaily,Arby’sisalsoknownforitsdeli-styleMarketFreshlineofsandwichesandsalads,CurlyFriesandshakes. Arby’s operates in 48 states throughout the United States of America and Canada, Qatar, and Turkey. ItsheadquartersareinSandySprings,Georgia.

Website: www.arbys.comNumberofLocations: 3,400+Headquarters: SandySprings,GAParentCompany: RoarkCapitalGroup&TheWendy’sCompany

US Beef ownsandoperatesover320Arby’sfamousroastbeefrestaurantsintheeightcontiguousMidweststatesofOklahoma,Arkansas,Kansas,Illinois,Colorado,Missouri,Idaho,andWyoming.SincetheDavisfamilyopenedtheirfirstArby’sin1969inTulsa,UnitedStatesBeefCorporationhasexpandedrapidlyandisrecognizedandacclaimedasoneofthetopperformingfranchiserestaurateursintheindustry.USBeefisheadquarteredinTulsa,Oklahoma.

Website: www.usbeefcorp.comNumberofLocations: 320Headquarters: Tulsa,OK

TENANT PROFILE

TENANT PROFILE

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DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT

Population 1-mi 3-mi 5-mi

TotalPopulation 11,883 107,060 300,260TotalHouseholds 5,329 47,432 135,263

Income

MedianHouseholdIncome $61,958 $58,391 $51,578AverageHouseholdIncome $86,187 $93,020 $81,207

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Brentwood isa thriving community located in theheartofSt. LouisCounty, just southof theCountyseat,Clayton,Missouriandoneandone-halfmileswestoftheCityofSt.Louis.BrentwoodisjustminutesfromareaattractionssuchasForestPark,theSt.LouisScienceCenter,theSt.

LouisArtMuseumandtheworldrenownedSt.LouisZoo.BrentwoodisalsoincloseproximitytoInterstate170,Interstate44,andInterstate64.Asofthe2010USCensus,thecityofBrentwoodhadapopulationof8,055.

www.brentwoodmo.org

St. LouisisacityineasternMissourilocatedalongtheMississippiRiver.TheSt.Louismetropolitanarea,knownasGreaterSt.Louis,includesthecityaswellnearbyareasinMissouriandIllinoisandisamongthe20largestmetropolitanareasintheUnitedStateswithapopulationof2,900,605.

TheeconomyofSt.Louisreliesonservice,manufacturing,trade,transportationofgoods,andtourism.Thecityishometoseveralmajorcorporations,includingExpressScripts,EmersonElectric,Monsanto,Anheuser-Busch,ReinsuranceGroupofAmerica,Centene,PeabodyEnergy,Ameren,GraybarElectric,EnterpriseRent-A-CarandEdwardJonesInvestments.

www.stlouis-mo.gov

LOCATION OVERVIEW

LOCATION OVERVIEW

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CONTACT INFORMATION

CONTACT INFORMATION

666DundeeRoad,Suite1801Northbrook,IL60062

Randy BlanksteinPresident847.562.0003randy@bouldergroup.com

Jimmy GoodmanPartner847.562.8500jimmy@bouldergroup.com