STARBUCKS | CHIPOTLE · food accounts. The Starbucks brand portfolio also includes Teav-ana, Tazo,...

STARBUCKS | CHIPOTLE8301 W 151st ST, OVERLAND PARK, KS 66223

CONFIDENTIALITY AND RESTRICTED USE AGREEMENTThe information (“Information”) contained in this Offering Memorandum (“Memorandum”) is confidential and furnished to you solely for the limited purpose of your review as a prospective purchaser of 8301 W 151st St, Overland Park, KS (“Property”) to determine whether you desire to express further interest in the acquisition of the Property and is not to be used for any other purpose or made available to any other person without the express written consent of Alrig USA ,the owner of the Property (“Owner”).

This Memorandum contains selected information pertaining to the Property and is not intended to be comprehensive or all-in-clusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real prop-erty. The Information has been obtained from sources believed reliable, however it has not been verified. No representation, warranty, or guaranty, expressed or implied, is made by Owner or any of its directors, officers, affiliates or representatives as to the accuracy or completeness of this Memorandum or any of its contents, or any other written or oral communication transmit-ted to you in the course of your evaluation of the Property and no legal commitment, obligation or liability shall arise by reason of your receipt of this Memorandum or use of its contents or in connection with any other such written or oral communication; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the Prop-erty. Without limiting the generality of the foregoing, this Memorandum does not purport to be a representation of the state of affairs of the Property or the Owner or constitute an indication that there has been no change in such affairs of the Property or Owner since the date of preparation of this Memorandum nor does it represent the future performance of the Property. You and your advisors should conduct a careful, independent investigation of the Property to determine the suitability of the Property for your needs and the value of the Property to you.

All financial projections and information are provided for general reference purposes only and are based on assumptions relat-ing to the general economy, market conditions, competition and other factors beyond the control of the Owner and therefore are subject to material change and/or variation. Any projections, opinions, assumptions or estimates used are for example only. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportu-nity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including, without limitation, leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced nor do they constitute a legal analysis of such documents. Interested parties are expected to review all such documents and information of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making any offer to purchase the Property unless and until a written agreement approved by the Owner for the purchase of the Property has been fully executed and delivered by and between the Owner and such entity and any conditions to the Owner’s obligations therein have been satisfied or waived and then only to the extent expressly provided for therein.

This Memorandum is the property of Owner and may be used only by parties approved by Owner. The Property is privately offered and by your receipt of this Memorandum, you agree (i) to return it to Owner immediately upon Owner’s request and (ii) that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity, nor copy or reproduce any portion of this Memorandum, without the prior written authorization of Owner. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner.

VINCENT PIPIADispositions Associate

Mobile: 586.405.9656Office: [email protected]

EXCLUSIVELY OFFERED BY OWNER

ALRIG USA30200 Telegraph Road | Suite 205Bingham Farms, MI 48025(248) [email protected]

INVESTMENT OVERVIEW

PRICE$2,844,583

CAP RATE6.00%

LEASABLE SQUARE FOOTAGE:4,375 SF +/-

LAND AREA:0.84 ACRES

NET OPERATING INCOME:$170,675

YEAR BUILT:2018

LEASE TYPE:NNN

LEASE TERM:10 YEARS

RENT COMMENCEMENTJuly 1, 2018

RENT INCREASESVaries

RENT EXPIRATION:June 30, 2028

STARBUCKS & CHIPOTLE // 8301 W 151st ST., OVERLAND PARK, KS 66223

HIGHLIGHTS 100% Occupied by Starbucks & Chipotle

NNN Lease | Leaving Minimal Landlord Responsibilities

Brand New 2018 Construction

10-Year Corporate Leases From Strong Nationally Recognized Tenants

High Visibility, Located on 151st Street (37,665+ VPD) | Main Retail Corridor

Just Off U.S. HWY 69 (34,900+ VPD)

Over 156,000 Residents Within 5 Miles

6.5% Population Growth in Immediate Trade Area by 2022

Average Household Income is Over $151,000+ Within 3 Miles

Very Strong Daytime Population, 78,600+ Employees in the Trade Area

Surrounding National Retailers Include; Target, Walgreens, CVS, Price Chopper, National TIre & Battery, McDonald’s, Sherwin WIlliams, Dunkin’ Donuts, Taco Bell and Many More...

Outparcel to Target

Rent Commences July 2018

VINCENT PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected] PIPIA | Dispositions Associate 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025Mobile: 586.405.9656 [email protected]

WEST VIEW


EAST VIEW


TENANT GLA % OF GLA ANNUALRENT

RENT/SF RENTCOMMENCEMENT

LEASEEXPIRATION

OPTIONS CHANGESON

CHANGESTO

2,200 51% $90,200 $41.00 July 1, 2018 June 30, 2028 FOUR, 5-YEAR

Year 6Option 1Option 2Option 3Option 4

$94,600$99,000

$103,400$107,800$112,200

STARBUCKS

2,175 49% $80,475 $37.00 July 1, 2018 June 30, 2028 THREE, 5-YEAROption 1Option 2Option 3

$88,522$95,156

$102,290

TOTAL 4,375 100.00% $170,675

LEASE OVERVIEW

CHIPOTLE

LEASE TYPE

NN

NNN


TENANT OVERVIEW

TENANT // GUARANTEECORPORATE

WEBSITEWWW.STARBUCKS.COM

Starbucks Corporation operates as a roaster, marketer and retail-er of specialty coffee worldwide. Starbucks currently opperates 27,339 stores in 75 different countries, every store offers coffee and tea beverages, packaged roasted whole bean and ground coffees, single serve products, juices, waters and soluble coffees. Every store also offers fresh food offerings, including, breakfast sandwhiched, pastries, lunch items and salads. In addition to food and drinks, they also sell beverage making equipment and accessories. Starbucks licenses the rights to produce and distrib-ute Starbucks branded products to the North American Coffee Partnership with the Pepsi-Cola Company, as well as licenses its trademarks through other channels, such as, grocery and national food accounts. The Starbucks brand portfolio also includes Teav-ana, Tazo, Seattle’s Best Coffee, Starbucks VIA, Evolution Fresh, Starbucks Refreshers, La Boulange and Ethos.

Starbucks has nearly doubled its footprint in the last 10 years as they have expanded from 15,000 stores to more than 27,000 to-day. In fiscal 2017 the company opened hundreds of new stores, primarily in the Americas and Asia Pacific segments. Total Net Revenue increased 5% to $22.3B in fiscal 2017, compared to $21.3B in 2016. As of October 2017, Starbucks has a net worth of $5.4B and produced net income of $2.8B.

STARBUCKS

OWNERSHIPPRIVATE

STOCK TICKERSBUX (S&P: A-)

NET WORTH$5.4B

HEADQUARTERSSEATTLE, WA

# OF LOCATIONS27,339


TENANT OVERVIEW

TENANT // GUARANTEECORPORATE

WEBSITEWWW.CHIPOTLE.COM

Chipotle Mexican Grill is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Ger-many, and France. They specialize in tacos, burritos, and salad bowls. Some locations serve beer and liqour. The name “Chipo-tle” is derived from the Nahuatl name for a smoked and dried jalepeno chili pepper.

Chipotle is part of the “fast-casual” dining category, the fastest growing segment of the restaurant industry, where customers expect quality food coupled with the speed of fast food. Chi-potle incorporates key features from fine dining to the world of quick-service restaurants by using high-quality raw ingredients, classic cooking techniques and distinctive interior design. All food is made using non-GMO ingredients, all meat is naturally raised, the produce is organic and the dairy products have no added hormones.

Chipotle Mexican Grill, Inc operates over 2,000 locations world-wide, that includes 11 in Canada, 7 in England, 4 in France, and 1 in Germany. The company also owns a fast casual pizza chain located in the Denver MSA called Pizzeria Locale.

CHIPOTLE MEXICAN GRILL

OWNERSHIPPRIVATE

STOCK TICKERNYSE: CMG

NET WORTH$4.5B

HEADQUARTERSDENVER, CO

# OF LOCATIONS2,010


SITE RENDERINGS


Overland Park is located in Johnson County and is the second most populous city in the U.S. state of Kansas.

According to the United States Census Bureau, the city has a total area of 75.37 square miles of which 99% is land.

As a suburb of Kansas City, Overland Park is part of the Kansas City metropolitan area, and it borders other communities on all sides. These include Kansas City, Kansas to the north, Mission and Prairie Village to the northeast, Leawood to the east, Stilwell to the south, Olathe and Lenexa to the west, and Shawnee and Merriam to the Northwest.

Overland Park lies in the transition zone between North America’s humid subtropical climate and humid continental climate zones, typically experiencing hot, humid summers and cold, dry winters.

DEMOGRAPHICS

POPULATION 1 MILES 3 MILES 5 MILES

2017 Population 10,540 65,763 156,634

2022 Population 11,117 70,056 165,868

Pop Growth 2017-2022 5.47% 6.53% 5.90%

Average Age 35.70 36.20 37.30

HOUSEHOLDS 1 MILES 3 MILES 5 MILES

2017 Total Households 3,453 22,890 57,476

HH Growth 2017-2022 5.50% 6.60% 5.94%

Median Household Inc $127,389 $124,732 $112,201

OVERLAND PARK, KANSAS


INCOME 1 MILES 3 MILES 5 MILES

Median Home Value $301,607 $360,683 $319,492

Median Year Built 1998 1999 1995

FOR SALE BY OWNERVINCENT PIPIADispositions Associate

Office: 248.646-9999Mobile: 586.405.9656Email: [email protected]

ALRIG USA30200 Telegraph Road Suite 205Bingham Farms, MI 48025(248) 646-9999

STARBUCKS | CHIPOTLE · food accounts. The Starbucks brand portfolio also includes Teav-ana, Tazo,...

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