12340 Northwest Fwy.,

Houston, TX 77092

New 15 year absolute nnn lease

6x5-year options

FOR SALE - Absolute NNN

$3,182,000

5.50% Cap Rate

Corporate Guarantee From

ACG Texas (75 Units)

1.00% Annual Rent Increases

Relocation of Existing Store

$175,000 NOI

*Representative Photos Throughout

TABLE OF CONTENTS

MARKET INFORMAT ION

Aerials

Maps

Demographics

Nick PourhassanAcquisitions-Mid-Atlantic Region404.665.1156nickp@rcgventures.com

I NTRODUCT ION

Tenant Summary

System Wide Sales

I NVESTMENT OVERV IEW

Investment Summary

Lease Highlights

Rent Schedule

Survey

3

I NTRODUCT ION

ARGONNE CAPITAL GROUP SUMMARY Founded in 2003, Argonne Capital Group is a private investment firm based in Atlanta, GA. Led by Michael Klump, Founder and President, and a

team of veteran private equity investors, Argonne focuses on the acquisition and growth of positive cash flow businesses primarily in the restaurant,

retail, service, and real estate industries. Argonne is the franchisor of iconic concepts such as Krystal and On The Border, in addition to being one

of the largest franchisees of DineEquity (NYSE: DIN), the franchisor of IHOP and Applebee’s. Argonne’s portfolio has enjoyed considerable growth

and now includes over 945 Krystal, IHOP, Applebee’s, On the Border, and Sonny’s BBQ locations spanning over 30 states. System wide revenues

are in excess of $1.32 billion. ACG TEXAS, LP: (TENANT SIGNING LEASE) In 2004, ACG Texas, LP was formed with the acquisition of 35 IHOPS in the state of Texas. Having developed 38 additional stores since acquisition,

the entity now operates 75 IHOP locations. This makes ACG Texas, LP, the nation’s second largest IHOP franchisee. In 2011, total system wide

revenue exceeded $148 million driven by strong new unit development and impressive comparable store sales growth.

SUMMARY OF ARGONNE CAPITAL GROUP RESTAURANT PORTFOLIO COMPANIES

Concept EntityNumber of Locations

Location of Stores System Wide Revenue

Applebee’s NRP Florida 75 FL, GA, AL $157,900,000

Applebee’s NRP 47 GA, TX $90,400,000

IHOP Sunshine Restaurant Partners 152 FL, GA $186,100,000

IHOP ACG Texas 75 TX $148,500,000

IHOP Peak Restaurant Partners 38 7 Western States $53,400,000

IHOP Alliance Pancake Partners 29 AL, GA, NC, SC, TN, VA $40,700,000

Krystal The Krystal Company 362 11 Southeast States $289,700,000

On The Border On The Border 158 30+ States $329,200,000

Sonny’s BBQ Sonny’s BBQ 9 30+ States $25,000,000

TOTAL 945 $1,320,900,000

4

I NVESTMENT OVERV IEW

ADDRESS: 12340 Northwest Fwy., Houston, TX 77092

PRICE: $3,182,000

NOI: $175,000

Cap Rate: 5.50%

RENTABLE SF: 4,621 SF

LOT SIZE: 1.29+/- acres

TERM REMAINING: 15 years

EST. COMMENCEMENT DATE: December 1, 2018

EXPIRATION DATE: November 30, 2033

LANDLORD RESPONSIBILITIES: None (Absolute NNN)

OPTIONS: 6x5-year options, 1% bumps

GUARANTEE: Corporate guarantee from ACG Texas (75 stores)

RENT SCHEDULE

Year 1 $175,000 6 $183,927 11 $193,309

2 $176,750 7 $185,766 12 $195,242

3 $178,518 8 $187,624 13 $197,194

4 $180,303 9 $189,500 14 $199,166

5 $182,106 10 $191,395 15 $201,158

215,214 VPDHwy 290

New construction, relocation of existing store

Just off Hwy 290 with tremendous exposure to 200,000+ VPD

National retailers in close proximity include Walmart, Target, Academy Sports, Old Navy, PetSmart, Home Depot, and Office Depot

Adjacent to Houston FBI Field Offices

1 Mile 3 Miles 5 Miles

Total Population 17,298 144,746 336,546

Average Household Income $60,785 $70,701 $93,344

Race: White 57.7% 52.6% 52.9%

Black 13.9% 17.7% 18.9%

Other 28.4% 29.7% 28.2%

5

I NVESTMENT OVERV IEWMARKET AERIAL

US 290

L A F I T N E S S

W 43rd Street

Scarborough High School

215,214 AADTFBI Houston Field Offices

Amazon Prime Now

6

I NVESTMENT OVERV IEWSURVEY

1/15/20181/15/2018

Hwy 290 & W 43rdHouston, TX

MARKET INFORMAT ION

7

IHOPHwy 290 & W 43rd

Houston, TX 77092

IHOPHwy 290 & W 43rd

Houston, TX 77092

MARKET INFORMAT ION

8

% % %

% % %

% % %

26.620.510.112.4

29,721

17,298

12230 Northwest Fwy: Houston,TX 77092:Site located at 29.83496, 95.48529

38.5

857

2,402.09,984.0

3,9874,388

2,139

population

households

5 mi ring

17,270 99.5

Population99.8

3 mi ring1 mi ring

1Page 1 of 4

in households

144,746

99.3

2018 Demographics comparing areas

52.0

144,011118,74483.1

336,546

334,24682.5

25,267278,542

100.0

17.5735 0.5

16.9

© 2018 Scan/US, Inc. All rights reserved. 800.272.2687 www.scanus.com/rpt/SCCY-L01

Households

Housing Units

19

31,300

2,2772,306

51,829

3063,581

2.3

10,461.0 60.5

4,118

2.693.49

44,496

25.3

2,843

6,730

37,060

55.6

56,279

3,103

61

5.531,280

1.26

42.2

4.553.2

21,896

2.67

44,2660.9

19,379

3.532.71

57.664.155.3

0.835.9

1.29

19,554 36.8176

49,29857,500

959 41.7

0.94,369.0 3.0

52.6

14,604

36.039.4

76,198.0

5,749 4.0

26,011

37.8

87,204 25.976,190 22.6

4.715,958

83.355,704 16.72,300 0.7

74,86744,339

11.5

35.4335

61

34,708

38.837.3

38,814

52.963,687.0 18.92,455.0 0.7

178,080.0

Median age

38,446

129.0403.0

14,3532,917

23.0

25,676.01,254.00.7

5.0

0.2382

25.4

age 65 and overage 75 and over

Per capita income 22,580

28in noninstitutional group quarters 28

in familiesin non-families

in group quarters

under age 18age 55 and over

37.639.3

4,379.0

63,696

17,707.074,616.0

168,005.0

124,959

80,69344,055

53,176

33,622

37,250.0

57

40.0

84,474.0

57.713.9

58.4

17.7

25.7

American IndianAsian, Pacific Islanderother, multi-racial

0.8

Diversity index

Hispanic

5.322.2

64.654.6

49.9

63.2

6,424

malefemale

Race whiteblack

1.26

6,248 4.8

131,207

63,709 48.661,250 46.7

38.9

Source: Scan/US 2018 Estimates (Jan 1) 09/11/2018

familieswith person under 18

non-familieswith person under 18

Median household incomemedian family incomemedian non-family income

Household sizefamily sizenon-family size

owner-occupiedrenter-occupiedvacant units

3.45

MARKET INFORMAT ION

9

% % %

8.1

4,0763,825

10.0

7.76.1

2,8873,447

409 6.47.06.8

3,1661,7492,102

Average incomeMedian income

Renter households

6.85.75.64.8

5.0

2,9572,563

4,585

7.8

3.3

3,6023,030

4,1234,571

Aggregate income ($M)

165

$10,000 - 14,999$15,000 - 19,999$20,000 - 24,999

$40,000 - 49,999

643522

$60,785$44,496

451522508352

390

169 2,647

3,760$70,701$49,298

3.32.6

215

7.95.52.6

16.4 5,4599,514

1 person

5863 to 4 persons5+ persons

5.1

© 2018 Scan/US, Inc. All rights reserved. 800.272.2687 www.scanus.com/rpt/SCCY-L01

27.2

22.928.416.4

55.730.4

25.512.9

22.830.417.5

2 persons1,022

27.815.2

44.3

974

94126.3

17,39210,042

18,59334,734

15,480

% %53,1766,424

1,837

24.728.5

3,581

28.6

33.1

388767 27.0

13.6

28.4

4.0

8.68.66.0

21,740

29.126.9

16,075

1,8241,789

2,843

58.829.3

14,308

21,896

9,174

5,5822,832

7,176

8,291

6,306

15,096 28.4

28.8

14,020

61,25031,280

17,342

7,1321,090

883

32.8

15.6

41.2747

49.032.3

8,551

63,709

13.4

34.1

11,011

%

11,443

11,664$93,344$63,696

19,796

12,1578,5245,381

35,760

7,009

(households)

2

4.57.4

5,634

6,9285,997

447436

497394366328

7.0

3,845

7,6067,5278.1

income

household size

6.57.77.2

2018 Demographics comparing areasPage 2 of 4

Household income (households) (households)

1 mi ring 3 mi ring 5 mi ring

7.25.4

7,7806,0426,514

9,224

4.94.8

09/11/2018Source: Scan/US 2018 Estimates (Jan 1)

$50,000 - 59,999$60,000 - 74,999$75,000 - 99,999$100,000 - 124,999

25.251.0

14.9

28.6

9.25.6

5.5$25,000 - 29,999$30,000 - 34,999$35,000 - 39,999

6,1825.7

6.06.15.24.86.2

2 persons3 to 4 persons5+ persons

9.78.8

4.36.8

Household size

$125,000 - 149,999$150,000 - 199,999$200,000 - 249,999$250,000 and over

28.7

27.8

124,95935,871

12230 Northwest Fwy: Houston,TX 77092:Site located at 29.83496, 95.48529

2 persons3 to 4 persons5+ persons

1 person

under $10,000

Owner households

All households1 person

Nick Pourhassan

Acquisitions-Mid-Atlantic Region

nickp@rcgventures.com

404.665.1156