SINGLE TENANT NET LEASED MINNEAPOLIS/ST. PAUL METRO INVESTMENT HIGHLIGHTS CONTACT US

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1 SINGLE TENANT NET LEASED MINNEAPOLIS/ST. PAUL METRO INVESTMENT HIGHLIGHTS CBRE is pleased to offer this outstanding opportunity to acquire a 100% fee simple interest in an absolute NNN Taco Johns and Steak Escape lease, located in the eastern Minneapolis/St. Paul Metro area. Minnesota is one of the most stable markets in the United States and has become a preferred location for investors seeking opportunities outside of the gateway cities. The center is operated by a seasoned restaurant veteran with over 40 years of experience in the restaurant and food service business and an owner of several Taco Johns and Steak Escapes around Minnesota. This highly successful store has seen consistent double digit annual sale increases since opening in The operator has maintained ownership of the business since opening in 2004, with a property that has been very well maintained. The store has excellent visibility to over 45,000 vehicles per day on Stillwater Boulevard North and over 67,000 vehicles per day on Minnesota Highway 36, a major retail corridor in the eastern MSA. This is an ideal opportunity for a 1031 investor seeking a stable, safe investment with a good credit tenant and little to no Landlord obligations. CONTACT US ANGELA DEMONTE LEED AP angela.demonte@cbre.com

2 PROPERTY DETAILS ADDRESS 5910 Neal Avenue Oak Park Heights, MN TOTAL GLA 2,750 SF LAND AREA 0.98 Acres YEAR BUILT 2004 OCCUPANCY 100% TENANTS Taco John s and Steak Escape (Oak Park Heights Land Company, LLC) LEASE TERM 6 Year Term (potential to renew after the primary term) PARKING 36 Stalls APN PRICING & ROI ASKING PRICE $820,000 NOI $48,000 (3% annual increases) CAP RATE 5.8% RE TAX 2017 $17,432 $6.18 PSF

3 Taco John s is one of the largest Mexican quick-service restaurant brands in the United States. LOCATIONS: 400 FOUNDED: 1968 WEBSITE: It all started in 1968 when a small taco stand opened in Cheyenne, WY. With its bold flavors and top-notch tacos, it was an instant hit. Two local businessmen, Harold Holmes and James Woodson, purchased the franchise rights in 1969 and named the restaurant after the man who opened the first store John. Over the years, Taco John s has developed a cult like customer base, especially in the central and north central United States. Today they operate and franchise nearly 400 quick-service restaurants in 25 states, making it one of the largest Mexican quick service restaurant brands in America. Taco John s is still expanding and is now bringing their fast Mexican food to more areas, particularly those east of the Mississippi where the fastgrowing Mexican QSR franchise category currently offers only one national competitor and there is a demand for alternatives. Taco John s had a record-setting year for new commitments in They signed several Area Development Agreements with commitments for 50 units to be developed in the coming years. They have signed future development commitments for locations across the US, including New York, Nashville, Chattanooga, Indianapolis, Nebraska, Minnesota, Colorado, and Idaho. Steak Escape started in Columbus, Ohio in The first store was not much bigger than a closet at 209 square feet but it quickly became the sales leader in its location. LOCATIONS: 66 FOUNDED: 1982 WEBSITE: In 1983 Steak Escape began franchising and today has 66 locations. Four locations are company owned, 52 are franchises in the United States and 10 are franchises outside of the United States in Saudi Arabia, Mexico, Pakistan and Sultanate of Oman. The company strives to cater to each neighborhood it enters and has various franchise models including; free-standing restaurants, quick serve restaurants in airports and colleges, in-line locations, and drive-thru capabilities.

4 Washington County Offices Modernistic Inc City of Stillwater Hockey & Sports Center Arrow Building Center St. Croix Orthopedics Valley Ridge Mall 28,500 VPD 21,800 VPD STARBUCKS Fury Motors LOCATION OVERVIEW The City of Oak Park Heights is located in Washington County, Minnesota, on the banks of the lower St. Croix Scenic Riverway, which is the state border between Minnesota and Wisconsin. Situated between the Cities of Stillwater and Bayport and 20 miles east of the Minneapolis-St. Paul Metropolitan Area, the City has been designated as a freestanding urban growth area by the Metropolitan Council, the regional planning agency in the area. Fury Motors was recently constructed adjacent to Oak Park Heights Retail to the north and has brought in around 200 employees to their new location, which has generated higher traffic and bolstered sales numbers for QSR s in the area. Stillwater Highschool s new athletic facility, which is located within a ¼ mile from the site have increased traffic counts and sales numbers for retailers along Neal Avenue. The St. Croix River Bridge was recently completed in August of 2017, located in Oak Park Heights. The completion of the is bridge has proved to provide a positive development to the flow of traffic in the area. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners

5 MAP AND SITE PLAN Neal Ave N ANGELA DEMONTE LEED AP angela.demonte@cbre.com 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.