Native Grill. 15-year Absolute Net Lease with Annual Rent increases 1717 E. 16th Street, Yuma, AZ [ REPRESENTATIVE PHOTO ]

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1 Native Grill [ REPRESENTATIVE PHOTO ] 15-year Absolute Net Lease with Annual Rent increases 1717 E. 16th Street, Yuma, AZ [ ]

2 PROperty Summary across the street from 1.5 million square foot regional power center anchored by target, kohl s, marshalls, and many other category killer retailers PRICE: $3,962,882 CAP: 6.00% Rentable SF...5,000 SF land area Acres completion date.... April 15, 2016 Listing Team Contact Info John Andreini (415) CA BRE# RICK SANNER (415) CA BRE# In Conjunction with AZ Licensed Broker: Jessica Zahn Gibson, CIA Brokerage Company (619) Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. [ surrounding area retail ] native grill 2

3 core characteristics property highlights Excellent fundamentals - Hard corner signalized intersection located across from the entrance to the most dominant regional shopping center in the county No use restrictions Across the street from 1.5 million square foot power center that includes Target, Kohl s, Sam s Club, Marshalls, Old Navy, Bed Bath & Beyond, and a variety of other national retailers 5-mile population of over 100,000 with explosive continued growth Large lot with over 100 parking spaces tenant highlights Named Restaurant Business Magazine Future 50 Restaurant Franchises in open locations with franchise agreements and growth plans in place to reach 100 stores in five years operator/guarantor (see page 7 for more details) Operator of over 50 restaurants and recently acquired the entire 35-unit Native Grill chain as the majority shareholder Operator is the Western US franchisee for Freddy s in Arizona, Utah, the Dakota s, Idaho, and Montana with 15 operating stores Lease highlights 15-year absolute net lease 2 separate personal guarantees that have a combined net worth of approximately $15 million Zero landlord responsibilities - all expenses are administered directly by the tenant Annual rental increases of 1.5% in the base term and in four 5-year option periods [ surrounding area retail ] native grill 3

4 aerial Across the street from a 1.5 million square foot power center 8 LAS PALMILLAS SHOPPING CENTER 8 8 PHOENIX S 4th Avenue S Avenue B YUMA PALMS REGIONAL CENTER Yuma Elementary W 16th Street 95 Alice Byrne Elementary E 16th Street 19,501 DAILY Centennial Middle School Pueblo Elementary 8 8 Woodard Jr. High School CW McGraw Elementary Gila Vista Jr. High School E 24th Street S Pacific Avenue W 24th Street S Avenue 3E 35,271 DAILY S Avenue B BIG CURVE SHOPPING CENTER 8 James B. Rolle Elementary E 32nd Street 95 native grill 4

5 photos area retailers include target, best buy, kohl s & many others native grill 5

6 income & expense PRICE $3,962,882 Price Per Square Foot: $ Capitalization Rate: 6.00% Total Rentable Area (SF): 5,000 Lot Size (AC): 1.09 STABILIZED INCOME Scheduled Rent $237,773 Effective Gross Income $237,773 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING INCOME $237,773 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 ] native grill 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 Native Grill 5,000 1 $237,773 $19, $237,773 $3.96 $ $20, $241,340 $4.02 $ $20, $244,960 $4.08 $ $20, $248,634 $4.14 $ $21, $252,364 $4.21 $ $21, $256,149 $4.27 $ $21, $259,991 $4.33 $ $21, $263,891 $4.40 $ $22, $267,850 $4.46 $ $22, $271,867 $4.53 $ $22, $275,945 $4.60 $ $23, $280,085 $4.67 $ $23, $284,286 $4.74 $ $24, $288,550 $4.81 $ $24, $292,878 $4.88 $58.58 Totals: 5,000 $237,773 $19, $237,773 $3.96 $47.55 *Option 1: Years % increases annually; Option 2: Years % increases annually **Projected Store Opening is April 15, 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. native grill 7

8 tenant overview about Native Grill Based in Chandler, Arizona, Native Grill & Wings is a family-friendly sports grill with 35 restaurants throughout Arizona, Colorado, and Texas. Native, as the brand s legion of fans call it, serves 20 awardwinning wing flavors that guests can order by the individual wing, as well as an extensive menu of burgers, sandwiches, salads, and more. Today, combined with a strong leadership team and a growing group of franchisees, Native Grill & Wings is gaining national recognition as one of the fastest-growing concepts in the more than $202 billion full-service restaurant industry. Native Grills are each divided into a bar and restaurant, with approximately flat screen televisions throughout that offer sports coverage. about the Guarantor/Owner of Native grill The guarantor of the lease recently acquired the 35 unit (3 under construction) Native Grill chain. He and his partner have both personally guaranteed the lease and have a net worth in excess of $15 million (ask Agent for more details). The guarantor is also one of the top Freddy s franchisees (12 open, 3 under construction) and has a 50 unit franchise agreement covering 7 Western States. His 12 open Freddy s stores have been operating below a 7% rent-to-sales ratio and there are three more stores currently under construction. [ REPRESENTATIVE PHOTO ] native grill 8

9 Site plan Site Plan Key Parcel outline: Land Area: Building Area: Ingress/Egress: 1.09 AC 5,000 sf Sunridge Drive 95 E 16th Street 19,501 DAILY native grill 9

10 regional map Yuma is centrally located between San diego, Ca and Phoenix, AZ 185 miles phoenix San Diego 172 miles yuma 19,501 DAILY native grill 10

11 location About Yuma, AZ Yuma is the seat of Yuma County and the principal city of the Yuma Metropolitan Statistical Area, which has a population of over 200,000. From , Yuma County s population experienced a 36% increase in growth. Not only has the population in Yuma County grown, but so has the business climate. Agriculture, tourism, and the military have been the staple industries in the area, but now Yuma County has attracted other industries through many business incentives. For example, businesses can earn tax breaks by adopting and implementing energy efficient business solutions. Each year 500,000 visitors make their way to Yuma, and 85,000 visitors make the city their winter home. Yuma already provides a slew of outdoor attractions, which is why private investors have recently developed a riverfront property located near the Yuma Crossing National Historic Landmark that contains 39,000 square feet of retail and office space, and a 150 room business conference center. The subject property is conveniently located only 3.5 miles from this bustling commercial activity. Population 1-Mile 3-Mile 5-Mile ,259 53,913 96, ,226 55, , ,223 56, , Household incomes 1-Mile 3-Mile 5-Mile Average $43,608 $48,975 $55,099 Top Employers in yuma Employer # of Employees* US Army Proving Ground (YPG) 2,319 Yuma Regional Medical Center 2,080 Yuma Elementary School District 1,700 WalMart Stores 1,394 native grill 11

12 A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ ] [ REPRESENTATIVE PHOTO ] 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# In Conjunction with AZ Licensed Broker: Jessica Zahn Gibson, CIA Brokerage Company (619) jess@ciadvisors.com chris kostanecki chris peters dave lucas zandy smith jack navarra zeb ripple joe caccamo gregg steele karla zens [ Copyright 2016 Capital Pacific LLC ]