HOTSHOTS SPORTS BAR & GRILL | 14,883 VPD

30445 Northwestern Highway, Suite 275Farmington Hills, MI 48334248.254.3410

2511 S. STATE ROUTE 157, EDWARDSVILLE, IL 62025

ONE OF THE ONLY SPORTS BARS IN THE REGION!

HOTSHOTS SPORTS BAR & GRILL | 14,883 VPD

BENJAMIN SCHULTZSENIOR DIRECTOR

D: [email protected]

BRYAN BENDERMANAGING DIRECTOR


ACTUAL SITE

http://fortisnetlease.com/


BENJAMIN SCHULTZ | 248.254.3409 | [email protected] // BRYAN BENDER | 248.419 .3810 | [email protected] DISCLAIMER // 2

DISCLOSURE :

All materials and information received or derived from Fortis Net Lease (hereinafter collectively referred to as “FNL”), its directors, officers, agents, advisors,affiliates and/or any third party sources are provided without representation or warranty by FNL its directors, officers, agents, advisors, or affiliates as to com-pleteness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, financialperformance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither FNL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of theany materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for revieware not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. FNL will notinvestigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

ALL PARTIES SHALL CONDUCT THEIR OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE:

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigationsincluding through appropriate third party independent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. FNL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. FNL doesnot serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used forfinancial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party donot necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations aswell as market conditions, vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or taxattorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether theproperty complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by FNL in compliance with all applicable fair housing and equal opportunity laws.

BENJAMIN SCHULTZ BRYAN BENDERSENIOR DIRECTOR MANAGING DIRECTORD: 248.254.3409 D: [email protected] [email protected]

ELI SCHULTZFORTIS NET LEASE

30445 NORTHWESTERN HIGHWAY, STE. 275FARMINGTON HILLS, MI 48334

773.491.0068

EXCLUSIVELY L ISTED BY: STATE BROKER OF RECORD:


HOTSHOTS SPORTS BAR & GRILL

mailto:[email protected]



https://buildout.com/website/Hotshots-IL-Edwardsville-For-Sale?tab=map

BENJAMIN SCHULTZ | 248.254.3409 | [email protected] // BRYAN BENDER | 248.419 .3810 | [email protected] INVESTMENT OFFERING // 3

INVESTMENT SUMMARY

List Price: $2,387,730

Current NOI: $167,141.00

Initial Cap Rate: 7.0%

Land Acreage: 1.66 +/-

Year Built 2014

Building Size: 6,500 SF

Price PSF: $367.34

Lease Type: NNN

Lease Term: 20 Years

Average CAP Rate: 7.40%

INVESTMENT OFFERING

Fortis Net Lease is pleased to present this 6,500 SF Hotshots Sports Bar & Grill locatedin Edwardsville, Illinois. The property offers a twenty (20) year, Absolute NNN Lease,leaving zero landlord responsibilities. The lease contains a 7.5% rental rate increaseevery five years, including the two (5 year) options to renew. The store was built in 2014and has been open and operating successfully since that time.

Hotshots is highly visible as it is strategically positioned on S. State Route 157, a mainthoroughfare which sees around 14,883 cars per day. It is conveniently located acrossfrom an entertainment complex and near Southern Illinois University. The populationwithin 5 miles is 59,343 with the average household income within one mile being$122,020. The Subject offering represents an ideal opportunity for a buyer to attain thefee simple ownership of a Hotshots Sports Bar & Grill. This investment will offer a newowner continued success due to the strength of this location and proven profitability ofthe tenant. List price reflects a 7.00% cap rate based on NOI of $167,141.

PRICE $2,387,730

CAP RATE 7.0%

LEASE TYPE NNN

TERM REMAINING 14 Years

RENT INCREASES 7.5% Every 5 Years

INVESTMENT HIGHLIGHTS• 20 Year Absolute NNN Lease | 14 Years Remaining

• 7.5% Rental Rate Increases Every 5 Years

• Two (5 Year) Options to Renew | 7.5% Increase at Each

• One Mile Average Household Income $122,020

• Five Mile Population 59,343

• 14,883 Cars Per Day on S. State Route 157

• Nationally Recognized Tenant

• One of the Only Sports Bars in the Region

• Located Near the Southern Illinois University Campus

• Adjacent to Edison's Entertainment Complex | Bowling, Laser Tag,Arcade Games







BENJAMIN SCHULTZ | 248.254.3409 | [email protected] // BRYAN BENDER | 248.419 .3810 | [email protected] PROPERTY & LEASE // 4

LEASE SUMMARYTenant: Hotshots Sports Bar & Grill

Lease Type: NNN

Primary Lease Term: 20 Years

Annual Rent: $167,141.00

Rent PSF: $25.71

Landlord Responsibilities: None

Taxes, Insurance & CAM: Tenant

Roof, Structure & Parking: Tenant

Lease Start Date: 6/1/2014

Lease Expiration Date: 5/31/2034

Lease Term Remaining: 14 Years

Rent Bumps: 7.5% Every 5 Years

Renewal Options: Two (5 Year)

Lease Guarantor: Personal

Lease Guarantor Strength: Private

Tenant Website: www.hotshotsnet.com

Year Built: 2014

Lot Size: 1.66 +/- Acres

Building Size: 6,500 SF

Traffic Count: 14,883

Roof Type: Rubber Membrane

Zoning: Commercial

Construction Style: Masonry

Parking Lot: Asphalt

Warranties Construction

HVAC Roof Mounted

INCOME PER SF

Rent $167,141.00 $25.71

Gross Income $167,141.00 $25.71

EXPENSE PER SF

Expenses $0 $0.00

Gross Expenses $0 $0.00

NET OPERATING INCOME $167,141.00 $25.71

FINANCIAL SUMMARY

PROPERTY SUMMARY







BENJAMIN SCHULTZ | 248.254.3409 | [email protected] // BRYAN BENDER | 248.419 .3810 | [email protected] RENT ROLL // 5

TENANTNAME

UNITSIZE (SF)

LEASESTART

LEASEEND

ANNUALRENT

% OFGLA

ESCDATE

RENTPER SF/YR

Hotshots 6,500 6/1/2014 5/31/2034

Option 1Option 2

$167,141.00$179,948.62$193,134.50$207,598.62$223,180.75

100.06/1/20246/1/20296/1/20346/1/2039

$25.71$27.64$29.71$31.94$34.34

Totals/Averages 6,500 $167,141.00 $27.69

TOTAL SF6,500

TOTAL ANNUAL RENT$167,141

OCCUPANCY RATE100%

AVERAGE RENT/SF$29.69

NUMBER OF TENANTS1







Company: Hotshots Sports Bar and Grill

Founded: 1990

Total Revenue: $43 Million

Number Of Locations: 15

Number Of Employees: 244+

Headquarters: Arnold, Missouri

Website: www.hotshotsnet.com

OVERVIEW

• All Hotshots locations feature a large array of HD big screen TV’s making us

the destination for everyone from the casual sports fan to the die-hard sports

fanatic.

• Pool tables, dart boards, and a host of other interactive games and nightly

promotions make Hotshots a great place to go to unwind and let loose after

work for a one of a kind experience.

• Hotshots generously gives to its local neighborhood communities and has

been a long time supporter of charities

TENANT HIGHLIGHTS

LEASE YEARS ANNUAL RENT MONTHLY RENT BUMP YIELD

Current $167,141.00 $13,928.42 7.5% 7.0%

11-15 $179,648.62 $14,970.72 7.5% 7.52%

16-10 $193,134.50 $16,094.54 7.5% 8.12%

Option 1 $207,598.62 $17,299.89 7.5% 8.73%

Option 2 $223,180.75 $18,598.40 7.5% 9.38%

RENT SCHEDULE

More than 30 years ago, Dan and Julie Volmert recognized the need for anauthentic sports bar & grill in the St. Louis area. So in 1990, they decided topursue that need and created the first Hotshots Sports Bar and Grill. Their goalwas to give the great people of St. Louis fast service and a fun partyatmosphere that included pool, darts, video games, and spontaneouspromotions. Since 1990, Dan and Julie have been continuously involved withimproving the Hotshots system and its growing brand. Hotshots has become aleader in the marketing of products and a dynamic trendsetter whose concept iscontinually mimicked but never successfully copied in the sports bar scene.

In addition to the activities, Hotshots Sports Bar and Grill provides a diversemenu with appetizers, soup, salads, sandwiches, pizza, burgers, and entrees aswell as new lunch specials every day. We have become famous for ouraward-winning “Hotshots Hot Wings” and “St. Louis Style Pizza”.

Hotshots Sports Bar & Grill has been a hands-on family owned business for over25 years. The Volmert’s have extended their family beliefs and practices to thestore managers and upper management throughout the company. Many of themanagement and employee personnel have been with the company for over 15years. Now they hope to share these beliefs and practices with their franchiseesas Hotshots looks to expand across the country as a brand powerhouse.

COMPANY HISTORY

BENJAMIN SCHULTZ | 248.254.3409 | [email protected] // BRYAN BENDER | 248.419 .3810 | [email protected] TENANT PROFILE // 6







BENJAMIN SCHULTZ | 248.254.3409 | [email protected] // BRYAN BENDER | 248.419 .3810 | [email protected] PROPERTY PHOTOS // 7







BENJAMIN SCHULTZ | 248.254.3409 | [email protected] // BRYAN BENDER | 248.419 .3810 | [email protected] SITE PLAN // 8









BENJAMIN SCHULTZ | 248.254.3409 | [email protected] // BRYAN BENDER | 248.419 .3810 | [email protected] LOCATION MAPS // 9





BENJAMIN SCHULTZ | 248.254.3409 | [email protected] // BRYAN BENDER | 248.419 .3810 | [email protected] AERIAL MAP // 10







BENJAMIN SCHULTZ | 248.254.3409 | [email protected] // BRYAN BENDER | 248.419 .3810 | [email protected] AREA & DEMOGRAPHICS // 14

POPULATION 1 MILE 3 MILES 5 MILES

Total Population 2020 3,687 25,340 59,343

Median Age 41.0 35.0 38.3

# Of Persons Per HH 2.5 2.5 2.5

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total Households 1,445 9,561 23,065

Average HH Income $122,020 $104,252 $99,381

Median House Value $289,145 $229,396 $193,291

Consumer Spending $45.4M $272.1M $648.1M

Edwardsville, home to Southern Illinois University Edwardsville (SIUE), is a city inMadison County, Illinois. The SIUE campus is one of the largest collegecampuses in the United States. The property includes rolling hills, acres offorests, and extensive fields.

As of the 2010 census, the population in Edwardsville was 24,293. It is thecounty seat of Madison County. The city was named in honor of Ninian Edwards,then Governor of the Illinois Territory.

Southern Illinois University Edwardsville, the Edwardsville Arts Center, theEdwardsville Journal, the Madison County Record, and the EdwardsvilleIntelligencer are here. Edwardsville High School and Metro-East Lutheran HighSchool serve students in the area.

Edwardsville is a part of Southern Illinois and the Metro East region withinGreater St. Louis, located 18 miles northeast of downtown St. Louis. It is part ofthe Edwardsville School District, which also includes the villages of GlenCarbon, Hamel and Moro, as well as the township areas around them.

A 2010 issue of Family Circle magazine named Edwardsville third of their "Top 10Best Towns for Families.







BENJAMIN SCHULTZSENIOR DIRECTOR


BRYAN BENDERMANAGING DIRECTOR


30445 Northwestern Highway, Suite 275Farmington Hills, MI 48334248.254.3410fortisnetlease.com

EXCLUSIVELY L ISTED BY:

TOTAL SALES VOLUME PROPERTIES SOLD BROKER & BUYER REACH STATES SOLD IN

$6B 3,000+ 345K 43

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HOTSHOTS SPORTS BAR & GRILL | 14,883 VPD

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