Burger King - Capital Pacific · ABOUT BURgER KINg Every day, more than 11 million guests visit Burger King (NYSE: BKW) restaurants around the world. Burger King Worldwide operates

Burger King

Joe CaCCamojcaccamo@capitalpacific.com | (415) 274-7394 CA BRE# 01191110

Zeb Ripplezripple@capitalpacific.com | (415) 274-2702 CA BRE# 01242540

ChRis KostaneCKick@capitalpacific.com | (415) 274-2701 CA BRE# 01002010

ChRis peteRscpeters@capitalpacific.com | (415) 274-2703CA BRE# 00869657

For more info on this opportunity please contact:

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absolute NNN IN LaPlace, Louisiana4294 highway 51, laplace, louisiana 70068

http://www.capitalpacific.com/SanFranciscoTeam.aspx

Investment HighlightsFREESTANDING ABSOLUTE NNN BURGER KING IN NEW ORLEANS

MSA ON I-10. OPERATED BY APPROX. 200-STORE OPERATOR, FEATURES 2% ANNUAL INCREASES

Rentable sF . . . . 2,440 SF

lanD aRea . . . . . . 1.03 Acres

lease tYpe . . . . . . NNN

YeaR bUilt . . . . . . 2009

PRICE: $2,049,273CAP: 5.50%

loCation highlightsSite is within 300 yards of the Interstate 10 and Interstate 55 interchange, which connects New Orleans to Baton Rouge and all other points East, West, and North

Adjacent to Wendy’s, across the street from McDonalds, on separately parcelized pad to a Hampton Inn Hotel

Average household incomes of $71,304 within 5-mile radius

Excellent ingress/egress and freeway visibility with ample parking and drive-thru window

Build-to-suit for Burger King/Strategic Restaurants in 2009

opeRatoR highlightsThe tenant is Strategic Restaurants Acquisition Company, LLC (SRAC I), which operates approximately 200 Burger King restaurants throughout the U.S.

Strategic employs approximately 5,500 people and has minor bank debt.

bURgeR King highlights#2 hamburger chain in the world

Operates more than 12,000 restaurants in the U.S. and 85 other countries

lease highlightsApproximately 15 years left on primary term

Absolute NNN = no landlord responsibilities

2% annual rent increases through remaining 15 years of primary term and through each four (4) five-year options, if exercised

BURgER KINg | 2

belle terre boulevard

3188

W airline highway

61

e 5th street

airline highway44

628

61

Camb

ridge

Driv

e

51

51

Woodland Drive

10

10

RiVeRlanDs

NEW ORLEANS

10

RiVeRWooD

sUgaRlanD CenteR

laplaCe CenteR

laplace elementary

BELLE TERRE COUNTRY CLUB

RIVERLANDS GOLF AND

COUNTRY CLUB

ascension of our lord school

aCCessibilitY to maJoR Cities

Site is within 30 yards of Interstate 10 and Interstate 55 interchange, which connects New Orleans to Baton Rouge and all other points East, West, and North

Retail loCation

Adjacent to Wendy’s, across the street from McDonalds, on separately parcelized pad to a Hampton Inn Hotel

56,319 DAILY23,485 DAILY

BURgER KINg | 3

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.

Income & Expense

PRICE $2,049,273

Capitalization Rate: 5.50%

Total Rentable Area (SF): 2,440

Lot Size (Acres): 1.03

STABILIZED INCOME

Scheduled Rent $112,710

LESS Per Square Foot

Taxes NNN $0.00

Insurance NNN $0.00

Structural Reserves NNN $0.00

EQUALS NET OPERATING INCOME $112,710

BURgER KINg | 4

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.

Rent Roll

TENANT INFO LEASE TERMS RENT SUMMARY

Tenant Name Sq. Ft. Term Current RentMonthly

RentYearly Rent

Monthly Rent/FT

Yearly Rent/FT

Burger King 2,440 5/15 5/16 $112,710 $9,392.50 $112,710 $3.85 $46.19

5/16 5/17 $9,580.00 $114,964 $3.93 $47.12

5/17 5/18 $9,772.00 $117,263 $4.00 $48.06

5/18 5/19 $9,967.00 $119,609 $4.08 $49.02

5/19 5/20 $10,167.00 $122,001 $4.17 $50.00

5/20 5/21 $10,370.00 $124,441 $4.25 $51.005/21 5/22 $10,577.00 $126,930 $4.34 $52.02

5/22 5/23 $10,789.00 $129,468 $4.42 $53.06

5/23 5/24 $11,005.00 $132,058 $4.51 $54.125/24 5/25 $11,225.00 $134,699 $4.60 $55.205/25 5/26 $11,449.00 $137,393 $4.69 $56.31

5/26 5/27 $11,678.00 $140,141 $4.79 $57.43

5/27 5/28 $11,912.00 $142,944 $4.88 $58.58

5/28 5/29 $12,150.00 $145,802 $4.98 $59.76

5/29 5/30 $12,393.00 $148,718 $5.08 $60.95

Totals: 2,440 $112,710 $9,393 $112,710 $9,392.50 $46.19

BURgER KINg | 5

ABOUT BURgER KINg

Every day, more than 11 million guests visit Burger King (NYSE: BKW) restaurants around the world. Burger King Worldwide operates the world’s #2 hamburger chain by sales (behind McDonald’s) with over 12,000 restaurants in the US and more than 85 other countries. The menu includes items such as the famous Whopper burger, chicken and beef sandwiches, salads, breakfast items, along with beverages, desserts and sides. Investment firm 3g Capital took the company privately in 2010 before taking it public again in mid-2012.

For fiscal 2013 total revenue was $1.15 billion, net worth was $1.52 billion and net income was $234 million.

nYse BKW2013 ReVenUe $1.15 BillionnUmbeR oF loCations 12700+

Burger King

BURgER KINg IS THE #2 HAMBURgER CHAIN BY

SALES WITH OvER 12,000 RESTAURANTS

BURgER KINg | 6

Regional MapLaplace,LA

Location

BURGER KING

TRAFFIC COUNTS IN ExCESS OF

56,319 ON INTERSTATE 10

Laplace

New Orleans

32 Minutes28 Miles

BURgER KINg | 7

New Orleans

Area Insight & Demos

2014 popUlation & inCome 5 mile RaDiUs

the pRopeRtY is loCateD less than 30 min FRom DoWntoWn neW oRleans

Average Income $71,304

Population33,580

2014 popUlation & inCome 3 mile RaDiUs

Average Income $78,717

Population19,595

Laplace

BURgER KINg

10

Site is within 300 yards of Interstate 10 and Interstate 55 interchange, which connects New Orleans to Baton Rouge and all other points East, West, and North.

Pad to Suburban Extended Stay, and in close proximity to Holiday Inn Express, Hampton Inn, Best Western, McDonald’s and Waffle House (see detailed aerial on page 3).

Average household income within a 5-mile radius is $71,304. Subject property features excellent ingress/egress and freeway visibility with ample parking and drive-thru window.

3 Miles

5 Miles

10

10

BURgER KINg

BURgER KINg | 8

laplaCe, loUisiana

Laplace is located on the east bank of the Mississippi River in the New Orleans Metropolitan, which has a population of 32,736. Major industries in Laplace include office, administration, sales, and construction.

New Orleans has one of the largest and busiest ports in the world, and metropolitan New Orleans is a center of maritime industry. The New Orleans region also accounts for a significant portion of the nation’s oil refining and petrochemical production, and serves as a white-collar corporate base for onshore and offshore petroleum and natural gas production.

New Orleans is a center for higher learning, with over 50,000 students enrolled in the region’s eleven two- and four-year degree granting institutions. A top 50 research university, Tulane University, is located in New Orlean’s Uptown neighborhood. Metropolitan New Orleans is a major regional hub for the health care industry and boasts a small, globally competitive manufacturing sector.

The center city possesses a rapidly growing, entrepreneurial creative industries sector, and is renowned for its cultural tourism. greater New Orleans, Inc. acts as the first point-of-contact for regional economic development, coordinating between Louisiana’s Department of Economic Development and the various parochial business development agencies.

Location & Demos

2013 HOUSEHOLD INCOmES

POPULATION

Employer # of Employees*Ochsner Health System 10,000Tulane University 3,700Acme Truck Line 2,100Al Copeland Investments 2,071*Approximate

TOP EmPLOYERS IN NEW ORLEANS

New Orleans, LA

1-Mile 3-Mile 5-Mile

2010 726 19,655 33,7352014 736 19,595 33,5802019 722 19,056 32,720

1-Mile 3-Mile 5-Mile

Average $72,434 $78,717 $71,304Median $70,438 $64,073 $56,191

BURgER KINg | 9

Copyright © 2013 [Capital Pacific Real Estate Brokerage Company]

Copyright © 2015 [Capital Pacific Real Estate Brokerage Company]

Joe CaCCamojcaccamo@capitalpacific.com | (415) 274-7394CA BRE #: 01191110

ChRis KostaneCKi ck@capitalpacific.com | (415) 274-2701 CA BRE#: 01002010

ChRis peteRs cpeters@capitalpacific.com | (415) 274-2703 CA BRE#: 01339983

Zeb Ripple zripple@capitalpacific.com | (415) 274-2702CA BRE#: 01242540

the Capital paCiFiC expeRienCe - oUR DailY Commitment to oUR ClientsA unique HUMANRESULTS-DRIVEN client experience [ www .Capitalpacific .com ]