INVESTMENT OPPORTUNITY TEXAS ROADHOUSE...The subject property is a new ground lease for Texas Roadhouse, featuring the latest 2018 corporate prototype and offering an investor high-quality,

I N V EST M E N T O P P O RT U N I T Y

01

TEXAS ROADHOUSE CORPORATE BACKED ABSOLUTE NNN GROUND LEASE

MARION, INDIANA

OFFERED AT: $1,263,000 | 4.75% CAP

EXECUTIVE SUMMARY PROPERTY INFORMATION AREA OVERVIEWTENANT OVERVIEW

TEXAS ROADHOUSE | Marion, IN | 2

TABLE OF CONTENTS

4 Executive Summary5 Investment Highlights6 Lease Summary & Rent Overview7 Lease Abstract

EXECUTIVE SUMMARY

9 Location Maps10 Site Plan11 Neighboring Tenants14 Aerials

PROPERTY INFORMATION

22 Marion Overview23 Demographics

Confidentiality Agreement & Disclosures

AREA OVERVIEW

Color Scheme

Fonts

GOTHAM/ BLACKGOTHAM/ MEDIUMGOTHAM/ LIGHT

CMYK C:0 / M:100 / Y:65 / K:47

RGB R:145 / G:0 / B:40

CMYK C:0 / M:0 / Y:0 / K65

RGB R:119 / G:120 / B:123

RYAN BARR | Principal760.448.2446

[email protected]

RYAN BENNETT | Principal760.448.2449

[email protected]

20 About Texas Roadhouse

TENANT OVERVIEW

LEE & ASSOCIATES COMMERCIAL REAL ESTATE COMPANY, INC IN Real Estate Broker License No. CO89200088

SCOT COURTNEY | PrincipalLee & Associates Indianapolis

[email protected]

EXCLUSIVELY REPRESENTED BY

EXECUTIVE SUMMARYTEXAS ROADHOUSE

MARION, IN

Representative Photo




PROPERTY OVERVIEWAddress: 4200 South Western Ave

Marion, Indiana 46953Property Size: Approx 7,163 Sq. Ft.

Land Size: 1.84 Acres

Ownership: Fee Simple (Land Only)

Year Built: 2018

Parking: 157 Surface Parking Spaces

INVESTMENT HIGHLIGHTSOffering Price: $1,263,000Net Operating Income: $60,000Cap Rate: 4.75%Price/SF: $176Lease Type: Absolute NNN Ground Lease

Lee & Associates is pleased to exclusively offer for sale the fee simple interest (ground lease) in a single tenant absolute net leased property located in Marion, Indiana. (the “Property”). The Property consists of a 7,163-square-foot that sits on an approximately 1.66-acre parcel. The subject property is leased to Texas Roadhouse Holdings LLC (Corporate), dba Texas Roadhouse, an American restaurant chain that specializes in steaks and promotes a Western theme. Headquartered in Louisville, Kentucky, the chain operates over 560 locations in 49 states in the United States, and seven other countries. The company has seen consistent success with 32 consecutive quarters of comparable sales growth through 4Q17 and reported revenues of $2.2B in 2017.This investment provides an investor with a rare opportunity to acquire a brand-new Texas Roadhouse investment at an extremely low price point. In addition, the low ground rent provides an investor with an easily replaceable rent and some potential rent upside, in the very unlikely event the tenant was to ever vacate. The extremely low rent also provides an investor with added security knowing that it’s highly probable the tenant will be profitable at this location and thus, remaining at this location for many years to come. The subject property is a new ground lease for Texas Roadhouse, featuring the latest 2018 corporate prototype and offering an investor high-quality, new construction. The new corporate backed 10-year lease commenced in July 2018 (expected to open November 2018) and features 10% rent increases every five years in the Primary Term and in the (4) 5-year option periods. The lease is absolute triple-net (NNN) and provides for no landlord responsibilities, offering an investor a passive income stream. The property is a new outparcel within the desirable University Marketplace, a shopping center anchored by Meijer, the dominant supermarket chain in Indiana. The other major retailers in the center include T.J. Maxx, Hobby Lobby, PetSmart, and Kohl’s, as well as co-tenants Regions Bank, Hardee’s, and Mattress Firm, offering strong retail synergy and a strong draw to the center. National tenants in the nearby area include Walmart Supercenter, Lowe’s, Goodwill, Staples, Big Lots, and others. The subject property is ideally located along South Western Ave/Highway 9, offering excellent visibility and signage to traffic counts of 22,000 cars per day. South Western Avenue is the major north/south traffic corridor in the Marion and is a highly desirable retail trade area harboring national tenants such as Walmart Supercenter, Lowe’s, Tractor Supply Co, Taco Bell, O’Reilly Auto Parts, McDonald’s, Harbor Freight, CVS, and more.The property is located directly across from Indiana Wesleyan University (IWU), making this location one of the best in the Marion retail market. IWU, which has a total enrollment of 15,872 students, is the largest private university in Indiana and the fastest-growing university in the state. IWU is also one of the top employers in Grant County; the university employs over 1,400 people and contributes over $1 million annually to the local economy.Grant County’s largest employer, General Motors, operates its Marion Metal Center approximately three miles from the property. General Motors recently invested $91 million in the Marion plant, which currently over 1,600 workers. Walmart and Dollar General also operate large distribution facilities in the nearby area, with a combined workforce of 1,430 employees.

-- OFFERING SUMMARY --

• Offering Summary • Investment Highlights Lease AbstractLease Summary & Rent Schedule

S WESTERN AVE (22,000 CPD)

ARBOR HOMESHERITAGE AT UNIVERSITY MARKETPLACE

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-- INVESTMENT HIGHLIGHTS --

TEXAS ROADHOUSE: STRONG CORPORATE LEASE GUARANTY FROM PUBLICLY TRADED TEXAS ROADHOUSE INC (NASDAQ: TXRH) • TOTAL REVENUES OF $2.2B (2017)The property is leased to Texas Roadhouse (Corporate), an American restaurant chain that specializes in steaks and promotes a Western theme. Headquartered in Louisville, Kentucky, the chain operates over 560 locations in 49 states in the United States and seven countries.

The company has seen consistent success with 32 consecutive quarters of comparable sales growth through 4Q17 and reported revenues of $2.2B in 2017.

EXTREMELY LOW RENT • HIGH PROBABILITY OF TENANT SUCCESS AT THIS LOCATION • VIRTUALLY NO FUTURE VACANCY RISK • RARE LOW PRICE POINT FOR A TEXAS ROADHOUSE INVESTMENTThis investment provides an investor with a rare opportunity to acquire a brand-new Texas Roadhouse investment at an extremely low price point.

In addition, the low ground rent provides an investor with an easily replaceable rent and even some potential rent upside, in the very unlikely event the tenant was to ever vacate.

The extremely low rent also provides an investor with added security knowing that it’s highly probable the tenant will be profitable at this location and thus, remaining at this location for many years to come.

NEW 2018 CONSTRUCTION • LATEST TEXAS ROADHOUSE PROTOTYPE • LONG TERM ABSOLUTE NNN GROUND LEASE • ZERO LANDLORD RESPONSIBILITIESThe subject property is a new corporate backed ground lease for Texas Roadhouse, featuring the latest 2018 corporate prototype and offering an investor high-quality, new construction.

The new corporate backed 10-year lease commenced in July 2018 and features 10% rent increases every five years in the Primary Term and in the (4) 5-year option periods. The lease is absolute triple-net (NNN) and provides for no landlord responsibilities, offering an investor a passive income stream.

OUTPARCEL TO UNIVERSITY MARKETPLACE • ANCHORED BY MEIJER, HOBBY LOBBY, KOHL’S • STRONG CUSTOMER DRAW TO THE TRADE AREAThe property is a new pad building in University Marketplace, a shopping center anchored by Meijer, the dominant supermarket chain in Indiana, with other major retailers in the center including T.J. Maxx, Hobby Lobby, PetSmart, and Kohl’s, as well as co-tenants Regions Bank, Hardee’s, and Mattress Firm, offering outstanding retail synergy and a strong draw to the center.

EXCELLENT VISIBILITY ALONG SO. WESTERN AVENUE/HWY 9 (22,000 CPD) • HIGH PERFORMING TRADE AREA • OUTSTANDING RETAIL SYNERGYThe subject property is ideally located along South Western Ave/Highway 9, offering excellent visibility and signage to traffic counts of 22,000 cars per day.

South Western Avenue is the major north/south traffic corridor in the Marion and is a highly desirable retail trade area harboring national tenants such as Walmart Supercenter, Lowe’s, Tractor Supply Co, Taco Bell, O’Reilly Auto Parts, McDonald’s, Harbor Freight, CVS, and more.

STRATEGIC LOCATION ACROSS FROM INDIANA WESLEYAN UNIVERSITY • LARGEST PRIVATE UNIVERSITY IN INDIANA (15,782 STUDENTS) • ONE OF THE COUNTY’S TOP EMPLOYERSThe property is located directly across from Indiana Wesleyan University (IWU), making this location the most desirable for retail in Marion.

IWU, which has a total enrollment of 15,872 students, is the largest private university in Indiana and the fastest-growing university in the state. IWU is also the second largest employer in Grant County; the university employs over 1,400 people and contributes over $1 million annually to the local economy.

LOCATED IN THE CITY OF MARION, LARGEST CITY IN GRANT COUNTY • HOME TO GENERAL MOTORS METAL STAMPING PLANT: RECENT $91 MILLION INVESMENT IN FACILITY

The subject property is located in the City of Marion, the largest city in Grant County, and an economic hub for the area. Marion houses some of the most successful manufacturing and distribution plants in Indiana and the nation, and is the home to 7 of the Top 10 Employers in the County, including General Motors (GM), Wal-Mart, Café Valley, and Dollar General.

Grant County’s largest employer, General Motors, operates its Marion Metal Center approximately three miles from the property. General Motors recently invested $91 million into the Marion plant, which currently employs more than 1,600 workers. Walmart and Dollar General also operate large distribution facilities in the nearby area, with a combined workforce of 1,430 employees.

Additionally, Marion’s central business district and Marion General Hospital, Grant County’s third largest employer, are located just over two miles from the property in downtown Marion.

Offering Summary • Investment Highlights • Lease AbstractLease Summary & Rent Schedule




-- LEASE SUMMARY --

LEASE INFORMATION

TENANT: Texas Roadhouse

GUARANTOR: Texas Roadhouse Holdings LLC (Corporate)

BUILDING SIZE: 7,163 Sq. Ft.

LOT SIZE: 1.84 Acres

RENT COMMENCEMENT: July 16, 2018

LEASE EXPIRATION: July 31, 2028

BASE LEASE TERM: 10 Years

RENEWAL OPTIONS: (4) 5-Year Options

LEASE TYPE: Absolute NNN Ground Lease

LANDLORD RESPONSIBILITIES: None

RENT INCREASES: 10% Increases Every 5 Years - Primary Term & Options

ANNUAL RENT: $60,000

-- RENT SCHEDULE --

RENT SCHEDULE

TERM START DATE END DATE NOI/YR NOI/MO NOI/SF/YR

Years 1 - 5 7/16/2018 7/31/2023 $60,000.00 $5,000.00 $8.37

Years 6 - 10 8/1/2023 7/31/2028 $66,000.00 $5,500.00 $9.21

Offering Summary Investment Highlights Lease Abstract• Lease Summary & Rent Schedule •

OPTION PERIODS - (4) 5-Year Options

TERM START DATE END DATE NOI/YR NOI/MO NOI/SF/YR

Option 1 8/1/2028 7/31/2033 $72,600.00 $6,050.00 $10.13

Option 2 8/1/2033 7/31/2038 $79,860.00 $6,655.00 $11.15

Option 3 8/1/2038 7/31/2043 $87,846.00 $7,320.50 $12.26

Option 4 8/1/2043 7/31/2048 $96,630.60 $8,052.55 $13.49 Representative Photo



-- LEASE ABSTRACT --

Offering Summary • Lease Abstract •Lease Summary & Rent ScheduleInvestment Highlights

Absolute Net Ground Lease: It is understood and agreed that this Lease is intended to be a net lease. Except as otherwise set forth in this Lease, it is the intention of the parties that Landlord shall receive the rent set forth herein free from all charges and expenses imposed upon or by reason of the Premises and Landlord’s ownership thereof.

Property Taxes: From and after the Rent Commencement Date, Tenant shall timely pay, as additional rent, directly to the taxing authorities, all real estate taxes and assessments (hereinafter, “Real Estate Taxes”) applicable to the Premises and all improvements located thereon for any tax period which includes any part of the Term.

Insurance:

Tenant agrees to carry or cause to be carried insurance on the Premises during the Term of this Lease, covering Tenant and naming Landlord as an additional insured, providing the following minimum coverages and limits: • Commercial General Liability on an occurrence basis with a minimum single limit of Five Million Dollars ($5,000,000.00) for bodily injury, including death resulting therefrom, personal

injury, property damage and advertising injury;• Commercial Automobile Liability with a One Million Dollar ($ I ,000,000.00) combined single limit for bodily injury, including death resulting therefrom, and property damage, covering

all owned and hired automobiles;• Workers’ Compensation coverage as required by statute, covering all employees, lease workers, temporary workers and volunteer labor of Tenant, Tenant’s contractors and subcontractors,

including Employer’s Liability coverage with limits of One Million Dollars ($1,000,000.00) each employee, each accident;• Liquor Liability with limits of Nine Hundred Thousand Dollars ($900,000.00) per occurrence and One Million Nine Hundred Thousand Dollars ($1,900,000.00) in the aggregate, if alcohol

is ever sold, served, manufactured, distributed or furnished from, in or about the Premises;

Utilities: Tenant shall be solely responsible for and promptly pay directly to the applicable utility companies, all charges for Tenant’s use or consumption of sanitary sewer, natural gas, electricity, water, telecommunications (including, without limitation, cable, internet and phone services) and all other utility services on the Premises.

Landlord Maintenance & Repairs: NONE

Tenant Maintenance & Repairs: Tenant shall maintain, at its sole cost and expense, all areas within the Premises during the Term of this Lease.

Renewal Options:Provided Tenant is not then in Default hereunder, Tenant shall have the right to extend and renew the Term of this Lease for four (4) successive and additional periods of five (5) years each (each such period a “Renewal Period’’) upon the same terms and conditions as herein set forth, except as to Term, number of renewals and Base Rent. Base Rent for each Renewal Period shall be calculated and paid in accordance with the Rent Schedule set forth on Exhibit “B” attached hereto and incorporated herein.

Estoppel Certificate:

Each party shall, without charge, at any time and from time to time, within thirty (30) days after the request by the other party, deliver a written instrument to such party or to any other person, firm or corporation specified by such party (including lenders or prospective lenders), duly executed and acknowledged certifying that this Lease is unmodified and in full force and effect or, if modified, stating any and all modifications, and specifying the dates to which the rent and other charges provided for herein has been paid, and such other matters as may be reasonably requested.


PROPERTY INFORMATION


TEXAS ROADHOUSEMARION, IN

EXECUTIVE SUMMARY PROPERTY INFORMATION AREA OVERVIEW


TENANT OVERVIEW

-- LOCATION MAPS --

• Location Maps • AerialsSite Plan

MARION

CHICAGO

MARIONGENERAL HOSPITAL

Neighboring Tenants

FORT WAYNE

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INDIANA WESLEYANUNIVERSITY

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MARION SPLASH HOUSE



TENANT OVERVIEW

-- SITE PLAN --

• Site Plan •Location Maps AerialsNeighboring Tenants

Trash



TENANT OVERVIEW

-- ANCHOR TENANTS IN CENTER --

Site Plan • Neighboring Tenants •Location Maps Aerials



TENANT OVERVIEW

-- CO-TENANTS IN CENTER --




TENANT OVERVIEW


-- CO-TENANTS IN CENTER --



TENANT OVERVIEW

-- OVERHEAD VIEW --

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Site PlanLocation Maps Neighboring Tenants • Aerials •



TENANT OVERVIEW

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INDIANA WESLEYAN UNIVERSITY

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W 35TH STMARION GENERAL

HOSPITAL

GENERAL MOTORSMETAL STAMPING PLANT

1,600+ EMPLOYEES

VALLEY VIEW PLAZA

Gas

FAIRMOUNTDOOR CORP

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REPRESENTATIVE PHOTO

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TENANT OVERVIEW

-- LOOKING EAST --


INDIANA WESLEYAN UNIVERSITY15,000+ ENROLLED STUDENTS

1,4001+ STAFF


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FAIRMOUNTDOOR CORP




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LAKEVIEWCHRISTIAN SCHOOL

MARIONMUNICIPAL AIRPORT

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MARIONPEDIATRICS @

MARION GENERAL HOSPITAL

FAIRMOUNTDOOR CORP




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TENANT OVERVIEW

-- LOOKING WEST --




W 38TH ST

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FAIRMOUNTDOOR CORP


1,4001+ STAFF

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TENANT OVERVIEW





-- ABOUT TEXAS ROADHOUSE --

Texas Roadhouse, Inc. is a growing restaurant company operating predominantly in the casual dining segment. The company operates two chains, Texas Roadhouse and Bubba’s 33.Texas Roadhouse is a legendary steak restaurant serving American cuisine from the best steaks and ribs to made-from-scratch sides & fresh-baked rolls. Texas Roadhouse was founded in 1993 by chairman and chief executive officer, W. Kent Taylor, and is headquartered in Louisville, Kentucky.

Texas Roadhouse serves American cuisine, including steak, ribs, chicken, and seafood. Everything on the menu is made from scratch, with the exception of children’s menu items Kraft Macaroni & Cheese, applesauce, and hot dogs. This includes the salads and dressings (the only dressing not made from scratch is low-fat ranch), sauces and side dishes. Each store employs its own baker and butcher or meat cutter. Their steaks are hand-cut (with the exception of the Porterhouse T-bone steaks, which are cut off-site and vacuum-packed) and are never frozen.Texas Roadhouse’s mission statement is “Legendary Food, Legendary Service”. The company’s restaurants feature a rustic southwestern lodge décor accentuated with hand-painted murals, neon signs, and southwestern prints, rugs and artifacts. Additionally, they offer jukeboxes, which continuously play upbeat country hits, as well as entertainment in the form of line dancing, which the waiters, waitresses and hosts learn and perform throughout the night. The company has seen consistent success and saw its 32nd consecutive quarter of comparable sales growth in the fourth quarter of 2017. Some highlights the company saw in 2017 included:

• Opened 27 company restaurants (23 Texas Roadhouse, four Bubba’s 33)• Franchise partners opened five restaurants, including four international locations• Increased revenue to approximately $2.2B, a 11.5% increase over 2016• Increased comparable restaurant sales by 4.5%• Launched mobile app nationwide

As of June 2018, the company operated 563 locations in 49 U.S. states and seven countries. The company plans to open another 16 restaurants over the remainder of 2018, adding up to six primarily international, franchise locations.

• About Texas Roadhouse •

Most Underrated Chain Restaurant in AmericaPopWrapped.com (2017)

Texas Roadhouse Founder, Kent Taylor, Named MUFSO “Operator of the Year”

Business Wire - 2014

Texas Roadhouse Named one of “America’s 100 Most Trustworty Companies”

Forbes - 2017, 2014

Texas Roadhouse Named “Best Place to Work”Glassdoor - 2014

Texas Roadhouse Named “Top Steakhouse”Restaurant News - 2012


AREA OVERVIEW





-- ABOUT MARION --

Demographics• Marion Overview •

Marion is a city in and the county seat of Grant County, Indiana. Marion is conveniently located in the east-central portion of the state, midway between Indianapolis and Fort Wayne along the I-69 Corridor.

Marion is the largest city in Grant County which houses some of the most successful manufacturing and distribution plants in Indiana and the nation, including a General Motors (GM) metal stamping plant, Wal-Mart Distribution Center, Café Valley production facility, and Dollar General Distribution Center. Aside from GM, Marion’s second largest employer is Indiana Wesleyan University, the largest private college in the state. Marion’s third largest employer is Marion General Hospital, one of America’s top 100 rural hospitals, privately owned.Marion is recognized around the globe for annual mega-events featuring motorcycles, historical automobiles and aircraft, high-speed racing, a notable battle reenactment, and many celebrations of the arts. The City of Marion offers three major attractions including its signature Gardens of Matter Park, the Splash House waterpark, and the world-famous Walkway of Lights holiday display.

HOME OF INDIANA WESLEYAN UNIVERSITY • LARGEST PRIVATE UNIVERSITY IN INDIANAIndiana Wesleyan University (“IWU”) is a Christian comprehensive university of The Wesleyan Church. Indiana Wesleyan is the largest private university in Indiana and the fastest-growing university in the state. With a total enrollment of 15,872 students, IWU is also one of the top employers in Grant County, employing over 1,400 people and contributing over $1 million annually to the local economy. U.S. News & World Report ranks Indiana Wesleyan University as “one of the best Master’s universities in the Midwest.” (View Ranking Here)IWU offers more than 80 undergraduate degrees, 38 graduate degrees and 5 doctorate degrees and students represent more than 80 Christian denominations and 10 foreign countries. Over 10,000 adult learners attend classes at education centers in Indiana, Kentucky and Ohio, and online.The university’s main campus in Marion is home to more than 3,200 undergraduates and nearly 1,000 postgraduates. Indiana Wesleyan has received national attention for its innovative adult education program, which began in 1985. With adult learning campuses located throughout Indiana, Ohio, and Kentucky, Indiana Wesleyan is one of the largest adult education programs in the Midwest.Indiana Wesleyan University’s 345-acre Marion campus has won numerous architectural awards, and the university has spent nearly $250 million in the past 20 years on campus facilities. The university’s award-winning, 1,200-seat, Phillippe Performing Arts Center is used for numerous community events throughout the year, such as Marion Philharmonic Orchestra concerts and the Grant County Spelling Bee.Indiana Wesleyan’s $22 million Chapel, which opened in January 2010, seats 3,800 and is one of the largest auditoriums in the Midwest. As one of the largest facilities of its kind in the nation, it was designed to attract major events to Marion, such as famous musical artists, renowned speakers, and national conventions. A few months after opening, the IWU Chapel was the site of a concert by the internationally recognized band, Switchfoot.

Marion General is the largest healthcare provider in Grant County. MGH has been nationally recognized on several occasions for its overall quality, progressive technology, and leading services and patient care. With locations in Marion, Gas City, Upland, Fairmount, Swayzee and Converse, MGH is the go-to provider for healthcare needs in Grant County. MGH features a wide variety of inpatient, outpatient, and ancillary services in a range of fields including obstetrics, oncology, cardiology, diagnostic imaging, and surgical services. As a non-profit hospital, healthcare services are available to anyone.

MARION GENERAL HOSPITAL • LARGEST HEALTHCARE PROVIDER IN GRANT COUNTY

GM’s Marion Metal Center is a stamping and sheet metal plant that provides blanks, stampings and sheet metal assembly for cars, vans, trucks and SUVs to GM assembly plants throughout North America. The facility was originally founded in 1956 as Fisher Body.Consisting of a stamping center building and powerhouse, the 2.758 million square foot facility sits on a 167-acre site in northwest Marion. General Motors employs 1,600 at this plant, making it the area’s largest employer.In 2016, the company announced it would invest $91 million over the next several years, bringing in plant technology, updating existing equipment, and implementing procedures in line with stamping plants “of the future.” The Indiana Economic Development Corporation offered GM up to $100,000 in training grants based on the company’s economic development plans. Additionally, Grant County approved additional incentives at the request of the Grant County Economic Growth Council.General Motors has invested more than $100 million in the Marion plant since 2014.

GENERAL MOTORS METAL PLANT • RECENT $91M INVESTMENT

https://www.usnews.com/best-colleges/indiana-wesleyan-university-1822



-- DEMOGRAPHICS --

1.5 MILLION POPULATION - 50 MILES

611,000 HOUSEHOLDS - 50 MILES

$53,367 AVG HH INCOME - 7 MILES

Source: Oceanside Economic Development

Company # of Employees Location Industry

General Motors - Metal Fabrication 1,610 Marion Manufacturing

Indiana Wesleyan University 1,216 Marion Education

Marion General Hospital 1,200 Marion Healthcare

Veterans Hospital 850 Marion Healthcare

Wal-Mart Distribution Center 824 Gas City Distribution

American Woodmark 770 Gas City Manufacturing

Marion Community Schools 667 Marion Education

Dollar General Distribution Center 604 Marion Distribution

Taylor University 525 Upland Education

Cafe Valley 421 Marion Manufactturing

7 OF TOP 10 EMPLOYERS ARE LOCATED IN MARION

• Demographics •Marion Overview

Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography page 1 of 1©2018, Sites USA, Chandler, Arizona, 480-491-1112T

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Lat/Lon: 40.5192/-85.6736RS1

4200 S Western Ave1 mi radius 5 mi radius 7 mi radius

Marion, IN 46953

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2018 Estimated Population 5,949 42,308 49,349

2023 Projected Population 5,757 40,605 47,121

2010 Census Population 6,108 44,785 52,276


Projected Annual Growth 2018 to 2023 -0.6% -0.8% -0.9%

Historical Annual Growth 2000 to 2018 0.4% -0.7% -0.6%

2018 Median Age 31.2 39 40H

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2018 Estimated Households 1,684 17,593 20,631

2023 Projected Households 1,669 17,649 20,595

2010 Census Households 1,679 17,824 20,903


Projected Annual Growth 2018 to 2023 -0.2% 0.1% -

Historical Annual Growth 2000 to 2018 -0.5% -0.5% -0.4%

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2018 Estimated White 81.5% 81.7% 83.4%

2018 Estimated Black or African American 12.9% 11.1% 9.8%

2018 Estimated Asian or Pacific Islander 0.7% 1.1% 1.2%

2018 Estimated American Indian or Native Alaskan 0.3% 0.4% 0.4%

2018 Estimated Other Races 4.6% 5.8% 5.3%

2018 Estimated Hispanic 3.7% 5.5% 5.1%

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E 2018 Estimated Average Household Income $42,382 $50,701 $53,367

2018 Estimated Median Household Income $32,862 $38,974 $41,086

2018 Estimated Per Capita Income $13,709 $21,520 $22,688

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2018 Estimated Elementary (Grade Level 0 to 8) 4.2% 4.6% 4.2%

2018 Estimated Some High School (Grade Level 9 to 11) 11.5% 11.2% 10.5%

2018 Estimated High School Graduate 38.6% 40.8% 40.8%

2018 Estimated Some College 16.7% 21.2% 21.3%

2018 Estimated Associates Degree Only 8.1% 7.2% 7.4%

2018 Estimated Bachelors Degree Only 15.5% 9.5% 9.9%

2018 Estimated Graduate Degree 5.3% 5.5% 5.9%

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S 2018 Estimated Total Businesses 266 1,832 2,043

2018 Estimated Total Employees 3,889 24,773 28,340

2018 Estimated Employee Population per Business 14.6 13.5 13.9

2018 Estimated Residential Population per Business 22.4 23.1 24.2BU

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2018 Estimated Residential Population per Business 22.4 23.1 24.2

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1 Mile 5 Miles 7 Miles

Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography page 1 of 1©2018, Sites USA, Chandler, Arizona, 480-491-1112

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Lat/Lon: 40.5192/-85.6736RS1


Marion, IN 46953P

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2018 Median Age 31.2 39 40

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2018 Estimated White 81.5% 81.7% 83.4%






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2018 Estimated Residential Population per Business 22.4 23.1 24.2

Lee & Associates hereby advises all prospective purchasers of Net-Leased Investment property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of an investment property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Lee & Associates expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of an investment property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any investment property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Lee & Associates and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this investment property.

No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice.

Color Scheme

Fonts

GOTHAM/ BLACKGOTHAM/ MEDIUMGOTHAM/ LIGHT

CMYK C:0 / M:100 / Y:65 / K:47

RGB R:145 / G:0 / B:40

CMYK C:0 / M:0 / Y:0 / K65

RGB R:119 / G:120 / B:123


LEE & ASSOCIATES COMMERCIAL REAL ESTATE COMPANY, INC IN Real Estate Broker License No. CO89200088

RYAN BARR | Principal760.448.2446

[email protected]

RYAN BENNETT | Principal760.448.2449

[email protected]

EXCLUSIVELY REPRESENTED BY

SCOT COURTNEY | PrincipalLee & Associates Indianapolis

[email protected]

INVESTMENT OPPORTUNITY TEXAS ROADHOUSE...The subject property is a new ground lease for Texas Roadhouse, featuring the latest 2018 corporate prototype and offering an investor high-quality,

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