4.20% cap houston, tx - Barr & Bennett Net Leased Investments

INVESTMENT OPPORTUNITY
$2,976,000 | 4.20% CAP
HOUSTON, TX
* Photo of Representative 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.
Houston, TX
OFFERING MEMORANDUM
EXCLUSIVELY LISTED BY:
Ryan Barr
760.448.2446
rbarr@lee-associates.com
Ryan Bennett
760.448.2449
rbennett@lee-associates.com
CA Lic#01338994
CA Lic#01826517
Barr & Bennett Net Leased Investments
www.nnninvestmentgroup.com
This property is listed in conjunction with DFW Lee & Associates, LP
for out of state licensing purposes (TX Lic#0542674)
* Photo of Representative Property
Page 2 of 24
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.
INVESTMENT OPPORTUNITY
INVESTMENT SUMMARY
EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070
PageProperty
3 of 24
* Photo of Representative
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.
INVESTMENT OPPORTUNITY
EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070
Investment Summary
INVESTMENT HIGHLIGHTS
Price:
NOI:
Cap:
PROPERTY OVERVIEW
$2,976,000
$125,000
4.20%
19610 State Highway 249, Houston TX 77070
Address:
El Pollo Loco, Inc.
Tenant:
El Pollo Loco, Inc. (Corporate)
Guarantor:
2,990 SF / 0.88 Acres
Building/Lot Size:
Fee Simple
Ownership:
2015 (Under Construction)
Year Built:
TERMS, RENT SCHEDULE & OPTIONS
September 1, 2015 (estimated)*
Lease/Rent Commencement:
8/31/2035
Lease Expiration:
20 Years
Lease Term:
Absolute NNN Ground Lease
Lease Type:
None
Landlord Responsibilities:
* Photo of Representative Property
RENT SCHEDULE
Primary Term
Years 1-5
Years 6 - 10
Years 11-15
Years 16 - 20
Start Date
End Date
NOI/Yr
NOI/Mo
NOI/SF/Yr
NOI/SF/Mo
Increase Over Prior Term
Cap rate
9/1/2015
9/1/2020
9/1/2025
9/1/2030
8/31/2020
8/31/2025
8/31/2030
8/31/2035
$125,000
$137,500
$151,250
$166,375
$10,416.67
$11,458.33
$12,604.17
$13,864.58
$41.81
$45.99
$50.59
$55.64
$3.48
$3.83
$4.22
$4.64
10%
10%
10%
4.20%
4.60%
5.08%
5.60%
8/31/2040
8/31/2045
8/31/2050
8/31/2055
$183,013
$201,314
$221,445
$243,589
$15,251.04
$16,776.15
$18,453.76
$20,299.14
$61.21
$67.33
$74.06
$81.47
$5.10
$5.61
$6.17
$6.79
10%
10%
10%
10%
6.15%
6.76%
7.44%
8.19%
Option Periods - Four (4) Five-Year Options
Option 1
Option 2
Option 3
Option 4
9/1/2035
9/1/2040
9/1/2045
9/1/2050
Average Cap Rate Over Primary Term
4.87%
Average Cap Rate Over the Life of the Lease (Primary + Options)
6.00%
* Seller will credit Buyer at closing for rent until El Pollo Loco begins paying rent.
Page 4 of 24
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.
INVESTMENT OPPORTUNITY
EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070
Lease Abstract
Property Taxes
The Premises is a separate tax parcel and will never be part of a larger tax parcel during the term. Tenant pays all real estate taxes
against Premises directly to the taxing authority.
Insurance
Tenant is specifically obligated to insure for full replacement in the event of casualty, loss, damage, etc.
Utilities
Tenant pays all electric, water, gas, sewer, telephone, CATV, and other utility charges in connection with use of Premises.Tenant is
responsible for obtaining, connecting, installing, repairing, maintaining, and replacing all utility lines, connections and facilities
on Premises, and pays all such charges including water and sewer service charges connected with Premises and Improvements.
Common Area Maintenance
N/A
Landlord Repairs
N/A - LL is not responsible for payment of expenses related to construction, maintenance, repair, or operation of building
structures or enterprises situated on Premises.
Tenant Repairs
Tenant maintains Premises in a clean and orderly condition and repair and replace all improvements, including parking
lot, hardscape, landscaping, sidewalks, lighting standards and signs within boundaries of Premises. Tenant keeps Tenant
Improvements in good condition and repair
Damages
For damage or destruction to Premises, Tenant shall either (a) repair and restore Premises, or (b) remove Tenant Improvements
from Premises and continue for the remainder of Term, to pay all amounts due.If such damage occurs during last (3) year of Term
and comprises more than (25%) of Tenant Improvements to Premises, Tenant may terminate upon (30) days prior written notice
to LL. Annual Rent and real estate taxes payable shall be totally abated if Tenant must close or equitably reduced in proportion
to such interference. If restoration is not capable of being completed within (1) year from date of casualty, Tenant may terminate
upon (10) days written notice to LL.
Right of First Offer / Right of First Refusal
N/A
Sublease / Assignment
Regardless of any assignment or sublease, El Pollo Loco, Inc. remains unconditionally responsible for all Tenant obligations
for entire term of lease and lease extensions. Tenant may assign Lease or sublet Premises only with LL’s prior written consent;
provided Tenant may assign or sublet without LL’s consent to: (a) any entity Controlled, Controlling, or mutually Controlled with
Tenant; (b) entities acquiring substantially all Tenant’s assets or interest; (c) upon merger; (d) or a bona fide franchisee or Affiliate
of Tenant.
Page 5 of 24
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.
INVESTMENT OPPORTUNITY
EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070
Investment Highlights
LONG TERM LEASE - INVESTMENT CREDIT TENANT
□□
□□
□□
□□
□□
□□
Absolute NNN Ground Lease - No Landlord Responsibilities - Tenant Pays All Expenses
Long Term Net Lease - Fee Simple - 20 Year Absolute Net Lease
Four (4) 5-Year Options - 10% Rent Escalations Every 5 years in Primary Term & Options
Corporate Guarantee - Lease is Guaranteed by El Pollo Loco, Inc.
Strong Tenant Growth - El Pollo Loco Reported Same-Store Sales Increase of 7.6% in 4Q2014
New Building Construction - New El Pollo Loco Design Concept with Drive-Thru - Estimated
Completion September 2015
STRATEGIC LOCATION - RETAIL SYNERGY
□□ Located on Corner of Cypresswood Dr & Texas 249 Access Road - Excellent Visibility along
State Highway 249 - Combined Traffic Counts of 170,000 CPD
□□ Located in Champion Forest Master Planned Development - One of Houston’s Most Affluent
Areas - High End Homes, Mixed Use Office Parks
□□ Strong Retail Demand - Asking Rents up 4.5% - Vacancy Down 6.6%
□□ Strong Retail Synergy - Neighbors include CVS Pharmacy, Kroger, Burger King, Exxon, Sonic
Burger, Exxon, Citibank, Capital One Bank, Lowe’s, Dairy Queen, and more.
STRONG DEMOGRAPHICS - DENSE POPULATION
□□
□□
□□
□□
□□
Nearly 263,000 people within a 5 Mile Radius
Average Household Income of $99,920 within a 3 Mile Radius
Unemployment Rate of 4.6% - Outpaces National Rate of 5.6%
Strong Housing Demand - Home Values up 12.3% in Past Year
Dense Residential Area Surrounded by Schools and Universities
* Photo of Representative 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.
Page 6 of 24
INVESTMENT OPPORTUNITY
EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070
Elevations
Rear of Building
Main Entrance
Side Entrance
Drive Thru
Page 7 of 24
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.
INVESTMENT OPPORTUNITY
AERIALS OVERVIEW
EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070
PageProperty
8 of 24
* Photo of Representative
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.
INVESTMENT OPPORTUNITY
OVERHEAD VIEW OF ELPOLLO LOCO SITE
145,000 cpd
Texas 249 Access Rd
Cypresswood Dr (25,000 cpd)
SUBJECT
PROPERTY
N
Page 9 of 24
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.
INVESTMENT OPPORTUNITY
VIEW LOOKING NORTH FROM EL POLLO LOCO SITE
David Wayne Hooks
Memorial Airport
Gleannloch Pines
Golf Club
Vintage Lakes
Noble Energy
Louetta Rd
Vintage Park
Apartments
Hewlett Packard
Data Center
Vintage Park
University Park
Hewlett Packard
Corporate Campus
FutureKelsey-Sebold
Hotel & Reliant NW
Office Houston
Vintage Di Vita
THE VINTAGE
St. Luke’s Hospital at The
Vintage
San Cierra
Future
Class A
Multi-Family
San Antigua
y
erve Pkw
(see Area Overview Section)
Windrose Golf Club
Cut
te
Res
Vintage
n Rd
Villas at
Cypresswood
Sc
SKS USA
NPS
TKE Engineering LSI Logic
Gexa Energy
CDM Resource Mgmt
Hitachi
Merrill Lynch
LG Display
Akin Mears
Inventec
Amrisc
hro
r (2
od D
sswo
e
r
p
y
C
D. Bradley McWilliams YMCA
at Cypress Creek
)
cpd
5,000
ed
er
Rd
Schroeder Road
Self Storage
The Lakes at
Cypresswood
as
Tex
Chasewood Crossing
R
ess
Acc
cpd
249
,000
145
Highpointe
Future
Fine Dining
Restaurants
* Photo of Representative Property
d
Discovery
Future
Office Park
N
Page 10 of 24
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.
INVESTMENT OPPORTUNITY
LOOKING NORTHEAST FROM EL POLLO LOCO SITE
David Wayne Hooks
Memorial Airport
Gleannloch Pines
Golf Club
Windrose Golf Club
Klein
High School
Louetta Rd
Vintage Park
Apartments
Louetta Rd
Vintage Lakes
Hewlett Packard
Data Center
Vintage Park
e
g
Vinta
Vintage Di Vita
Future Kelsey-Sebold
Hotel & Reliant NW
Office
Houston
Raveneaux
Country Club
Future Class A
San Cierra
Multi-Family
San Antigua
ve Pk
Reser
Cutten Rd
wy
Villas at
Cypresswood
THE VINTAGE
St. Luke’s Hospital at
The Vintage
Cutten
R
(see Area Overview Section)
Schroeder Road
roe Self Storage
der
Rd
Sch
d)
0 cp
,00
od
wo
s
res
Cyp
D. Bradley
McWilliams YMCA
at Cypress Creek
(25
Dr
d
The Lakes at
Cypresswood
* Photo of Representative Property
Te
xa
14
s2
49
5,0
Ac
ce
s
sR
Highpointe
d
Chasewood Crossing
Te
xa
00
s2
cp
d
49
Ac
ce
s
sR
d
Future
Fine Dining
Restaurants
Future
Office Park
Discovery
N
Page 11 of 24
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.
INVESTMENT OPPORTUNITY
LOOKING EAST FROM EL POLLO LOCO SITE
Cypress
Creek P
kw
d
tta R
Klein
High School
Houston
Texas Temple
Loue
George Bush
Intercontinental
Airport
y
Champions Village
Shopping Center
Champion Forest Dr
Cypress
Creek P
kw
Cutten Rd
* Photo of Representative Property
Schroeder
s
Cypre
Villas at
Cypresswood
The Banff School
St. Timothy
Lutheran Church
Schroeder Road
Self Storage
Cutten Rd
y
Raveneaux
Country Club
Hilliard
Elementary School
Rd
d Dr
swoo
Eastern Hancock
Elementary School
(25,0
d)
00 cp
The Lakes at
Cypresswood
Chasewood Crossing
Future
Fine Dining
Restaurants
Future
Office Park
Texas 249 Access Rd
145,000 cpd
Texas 249 Access Rd
N
Highpointe
Discovery
Page 12 of 24
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.
INVESTMENT OPPORTUNITY
LOOKING SOUTHEAST FROM EL POLLO LOCO SITE
Vistas
High School
Champions Village
Shopping Center
Sam Housto
Race Park
Cypress Creek Pkwy
Raveneaux
Country Club
Cypress Creek
Cutten Rd
Willowbrook Mall
Pkwy
Willowbrook 24
The Banff School
Houston Methodist
Willowbrook Hospital
St. Timothy
Lutheran Church
Schroeder Rd
Hilliard
Elementary School
Schroeder Road
Self Storage
Schroeder Rd
Eastern Hancock
Elementary School
Prince of Peace
Catholic Community
* Photo of Representative Property
The Lakes at
Cypresswood
Perry Rd
Future
Office Park
Chasewood Crossing
Future
Fine Dining
Restaurants
Cy
p
d
d
sR
s
cp
e
c
0
c
0
d
A
5,0
sR
49
4
s
2
1
e
c
as
Ac
Tex
9
4
s2
a
x
Te
re
s
sw
oo
d
Dr
(2
5,0
00
cp
d)
Discovery
Highpointe
N
Page 13 of 24
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.
INVESTMENT OPPORTUNITY
LOOKING SOUTH FROM EL POLLO LOCO SITE
HOUSTON
The Galleria
Sam Houston
Race Park
nR
Cutte
d
Willowbrook Mall
Mills Run
Cypress Creek Pkwy
Estates at
Willowbrook Orchard Park
at Willowbrook Cypress Creek
High School
Houston Methodist
Willowbrook Hospital
er
oed
Schr
rr y
Pe
FM 1960 Rd W
rr y
Pe
Rd
Eastern Hancock
Elementary School
Rd
Campbell
Middle School
Rd
Mills R
d
Grant Rd
Prince of Peace
Catholic Community
Future
Office Park
Chasewood Crossing
Discovery
Future
Fine Dining
Restaurants
as
Tex
ss
cce
9A
24
Highpointe
Rd
ess
Acc
pd
0c
249
,00
145
as
Tex
The Lakes at
Cypresswood
Rd
* Photo of Representative Property
Cypresswood Dr (25,000 cpd)
N
Page 14 of 24
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.
INVESTMENT OPPORTUNITY
LOOKING SOUTHWEST FROM EL POLLO LOCO SITE
KATY
Campbell
Middle School
FM 1960 Rd
0 Rd
FM 196
W
Jones
Rd
Mills Rd
Mill Run
Orchard Park
at Willowbrook
r
Per
Estates at
Willowbrook
W
Bleyl
Middle School
Cypress Creek
High School
Grant Rd
Grant Rd
yR
Cypress Forest
d
Mandolin
Village
Prince of Peace
Catholic Community
Discovery
Highpointe
cpd
Tex
as
Dr
,000
Houston
Northwest Church
d
145
249
Acc
ess
sw
oo
Chasewood Crossing
Future
Fine Dining
Restaurants
Rd
re
s
* Photo of Representative Property
Cy
p
Future
Office Park
Texa
s2
0
,00
5
r (2
The Lakes at
Cypresswood
)
cpd
49 A
cces
sR
d
D
od
o
ssw
re
Cyp
N
Page 15 of 24
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.
INVESTMENT OPPORTUNITY
LOOKING WEST FROM EL POLLO LOCO SITE
Longwood
Golf Club
Oaks Adventist
Christian School
Jones Rd
Moore
Elementary School
Bleyl
Middle School
tR
Gran
Grant Rd
Cypress Forest
d
Mandolin
Village
Cy
p
res
Discovery
Highpointe
sw
oo
dD
r
Houston
Northwest Church
D. Bradley
McWilliams YMCA
at Cypress Creek
145,000 cpd
Texas 249 Access Rd
Future
Office Park
Future
Fine Dining
Restaurants
Chasewood Crossing
* Photo of Representative Property
N
The Lakes at
Cypresswood
Page 16 of 24
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.
INVESTMENT OPPORTUNITY
LOOKING NORTHWEST FROM EL POLLO LOCO SITE
* Photo of Representative Property
Grant R
d
Texas Southern UniversityNorthwest
Lone Star College
University Park
University of Houston
NPS
SKS USA
Northwest
Cypress Forest
LSI Logic
CDM Resource Mgmt
Merrill Lynch
Akin Mears
swood
Dr
Hewlett Packard
Corporate Campus
Kelsey-Sebold Clinic
Reliant NW Houston
d
00 cp
0
145,
Highpointe
Discovery
R
cess
9 Ac
d
as 24
TexFuture
Fine Dining
Restaurants
Chasewood Crossing
Future
Office Park
University Park
D. Bradley
McWilliams YMCA
at Cypress Creek
Houston
Northwest Church
Cypre
s
TKE Engineering
Gexa Energy
Hitachi
LG Display
Inventec
Amrisc
Noble Energy
Cypr
e
sswo
od D
r (2
5,00
0 cpd)
The Lakes at
Cypresswood
N
Page 17 of 24
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.
INVESTMENT OPPORTUNITY
TENANT OVERVIEW
EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070
PageProperty
18 of 24
* Photo of Representative
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.
INVESTMENT OPPORTUNITY
EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070
Tenant Overview
* Photo of Representative Property
El Pollo Loco, Inc. (NASDAQ: LOCO)
• Founded: 1980
• Headquarters: Costa Mesa, CA
• Areas Served: Southwestern United States
El Pollo Loco, Inc. is a fire-grilled chicken restaurant chain in America, specializing
in Mexican-style grilled chicken. Its signature chicken is deeply marinated in a
proprietary blend of lime, fruit juice, garlic, spices and seasoning then grilled on an
open flame by the restaurant’s Grill Masters. The chain is committed to presenting
their guests with quality, handmade Chicken Meals that are made with fresh,
authentic ingredients like handmade guacamole, fresh salsa and fire-grilled chicken.
Restaurant service consists of: dine-in, take-out, and drive through options. The
company is headquartered in Costa Mesa, California.
In the U.S., the El Pollo Loco chain operates nearly 400 company-owned and franchised restaurants in
Nevada, Arizona, Utah, Texas, and California. In 2012, El Pollo Loco restaurants went through a major
makeover, with more than 55 of their restaurants sporting a newer more contemporary look. The
revamped stores include grills that are visible to guests as they order, and larger windows that shed
more light on the colorful orange and blue hues of the dining room. The salsa bar moved from the
dining room to a more central location near the front counter.
In Mexico, Pollo Loco operates over 40 restaurants in Mexico City and the states of Nuevo León,
Coahuila, Sonora, and Michoacán, 32 of those being located in Nuevo León.
In July 2014, El Loco Pollo (NASDAQ: LOCO) became a publicly traded company by first offering shares
of corporate stock for sale on NASDAQ.
• Locations: 400
• Industry: Restaurants
• Genre: Casual Dining
• Website: www.elpolloloco.com
Page 19 of 24
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.
INVESTMENT OPPORTUNITY
AREA OVERVIEW
EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070
PageProperty
20 of 24
* Photo of Representative
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.
INVESTMENT OPPORTUNITY
EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070
Area Overview - Houston
HOUSTON, TX
Houston is the most populous city in Texas, and the fourth most populous city in the United States.
With a census-estimated 2013 population of 2.19 million people within a land area of 599.6 square
miles, Houston is the largest city in the Southern United States, the seat of Harris County, and fifth-most
populated metropolitan area in the United States.
Houston was founded in 1836 on land near the banks of Buffalo Bayou (now known as Allen’s Landing)
and incorporated as a city on June 5, 1837. The city was named after former General Sam Houston,
who was president of the Republic of Texas and had commanded and won at the Battle of San Jacinto
25 miles east of where the city was established. The burgeoning port and railroad industry, combined
with oil discovery in 1901, has induced continual surges in the city’s population. In the mid-twentieth
century, Houston became the home of the Texas Medical Center—the world’s largest concentration of
healthcare and research institutions—and NASA’s Johnson Space Center, where the Mission Control
Center is located.
Porter
Cypress
HOUSTON
Sugar Land
Houston’s economy has a broad industrial base in energy, manufacturing, aeronautics, and transportation.
It is also leading in health care sectors and building oilfield equipment; only New York City is home to
more Fortune 500 headquarters. The Port of Houston ranks first in the United States in international
waterborne tonnage handled and second in total cargo tonnage handled. The city has a population from
various ethnic and religious backgrounds and a large and growing international community. Houston
is considered to be the most diverse city in Texas and the United States. It is home to many cultural
institutions and exhibits, which attract more than 7 million visitors a year to the Museum District.
Houston has an active visual and performing arts scene in the Theater District and offers year-round
resident companies in all major performing arts.
Page 21 of 24
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.
INVESTMENT OPPORTUNITY
EL POLLO LOCO | 19610 State Highway 249, Houston TX 77070
Area Overview - The Vintage
The Vintage is northwest Houston’s premier destination for dining, shopping, and living. The project features award-winning restaurants, world-class healthcare, a grocery
market, a variety of boutiques and shops, a community college offering diverse courses on a wooded campus, homes ranging from $160,000 to over $2 million, luxury
apartment communities, major employers and an 80 acre nature preserve.
Page 22 of 24
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.
Houston, TX 77070
SUMMARY
PROFILE
INVESTMENT OPPORTUNITY 2000-2010 Census, 2014 Estimates with 2019 Projections
11,305
103,923
282,494
2010 Census Population
9,900
90,958
247,284
Census Population
Lat/Lon: 2000
29.9808/-95.5660
5,785
68,543
186,709
Projected Annual Growth 2014 to 2019
1.5%
1.5%
1.5%
Historical Annual Growth 2000 to 2014
5.9%
1 mi radius
2.9%
3 mi radius
2.9%
5 mi radius
33.8
36.8
POPULATION
2019 Projected Population
19610 State Hwy 249
1 Mile
Houston, TX 77070
EDUCATION
BUSINESS
(AGEBUSINESS
25+)
EDUCATIONRACE AND
INCOME
INCOME
RACE
& ETHNICITY
INCOME
(AGE 25+)
ETHNICITY
RACE AND
HOUSEHOLDS
HOUSEHOLDS
ETHNICITY
HOUSEHOLDS
POPULATION
POPULATION
2014 Median Age
5 Miles
35.8
2014 Estimated Population
2014 Estimated Households
2019 Projected Population
2019 Projected Households
2010 Census Population
2010 Census Households
2000 Census Population
2000 Census Households
Projected Annual Growth 2014 to 2019
Projected Annual Growth 2014 to 2019
Historical Annual Growth 2000 to 2014
Historical Annual Growth 2000 to 2014
2014 Median Age
2014 Estimated White
2014 Estimated Households
2014 Estimated Black or African American
2019 Projected Households
2014 Estimated Asian or Pacific Islander
2010 Census Households
2014 Estimated American Indian or Native Alaskan
2000 Census Households
2014 Estimated Other Races
10,525
4,709
11,305
5,078
9,900
4,397
5,785
2,293
1.5%
1.6%
5.9%
7.5%
33.8
71.5%
4,709
10.7%
5,078
9.0%
4,397
0.8%
2,293
8.1%
96,727
38,230
103,923
41,220
90,958
35,690
68,543
25,264
1.5%
1.6%
2.9%
3.7%
36.8
71.1%
38,230
10.3%
41,220
8.9%
35,690
0.6%
25,264
9.1%
262,950
96,287
282,494
103,822
247,284
89,893
186,709
65,978
1.5%
1.6%
2.9%
3.3%
35.8
66.1%
96,287
12.2%
103,822
9.9%
89,893
0.6%
65,978
11.2%
Projected Annual Growth 2014 to 2019
2014 Estimated Hispanic
Historical Annual Growth 2000 to 2014
2014 Estimated Average Household Income
2014 Estimated White
2014 Estimated Median Household Income
2014 Estimated Black or African American
2014 Estimated Per Capita Income
2014 Estimated Asian or Pacific Islander
2014
(Grade
Level 0Alaskan
to 8)
2014 Estimated
Estimated Elementary
American Indian
or Native
1.6%
19.8%
7.5%
$80,662
71.5%
$69,849
10.7%
$36,118
9.0%
4.8%
0.8%
1.6%
21.0%
3.7%
$99,921
71.1%
$79,258
10.3%
$39,501
8.9%
3.8%
0.6%
1.6%
24.5%
3.3%
$97,623
66.1%
$79,688
12.2%
$35,763
9.9%
5.0%
0.6%
4.3%
8.1%
19.0%
19.8%
26.0%
4.9%
9.1%
21.0%
21.0%
23.8%
5.0%
11.2%
22.1%
24.5%
24.4%
2014
Household
Income
2014 Estimated
Estimated Average
Associates
Degree Only
$80,662
6.2%
$99,921
7.0%
$97,623
7.0%
2014
Household
Income
2014 Estimated
Estimated Median
Bachelors
Degree Only
$69,849
29.2%
$79,258
27.6%
$79,688
25.7%
2014
CapitaDegree
Income
2014 Estimated
Estimated Per
Graduate
$36,118
10.4%
$39,501
12.0%
$35,763
10.7%
2014
(Grade Level 0 to 8)
2014 Estimated
Estimated Elementary
Total Businesses
4.8%
522
3.8%
4,368
5.0%
10,267
2014
High School (Grade Level 9 to 11)
2014 Estimated
Estimated Some
Total Employees
4.3%
8,801
4.9%
43,678
5.0%
100,319
2014
School
Graduateper Business
2014 Estimated
Estimated High
Employee
Population
19.0%
16.9
21.0%
10.0
22.1%
9.8
2014 Estimated
Estimated Residential
Some College
2014
Population per Business
26.0%
20.2
23.8%
22.1
24.4%
25.6
6.2%
7.0%
7.0%
29.2%
27.6%
25.7%
2014 Estimated
Estimated Other
Some Races
High School (Grade Level 9 to 11)
2014
2014 Estimated High School Graduate
2014 Estimated Hispanic
2014 Estimated Some College
2014 Estimated Associates Degree Only
2014 Estimated Bachelors Degree Only
©2015, Sites USA, Chandler, Arizona, 480-491-1112
2014 Estimated Graduate Degree
BUSINESS
3 Miles
RS1
page 1 of 1
This report was produced using data from private
Thisand
report
government
was produced
sources
using
deemed
data from
to beprivate
reliable.
andThe
government
information
sources
hereindeemed
is provided
to be
without
reliable.
representation
The information
or warranty.
herein is provided without representation or warranty.
EL POLLO LOCO10,525
| 19610 State
Highway
249, Houston TX 77070
262,950
96,727
2014 Estimated Population
Calculated using Proportional Block Groups
Demographics
Demographic Source: Applied Geographic Solutions 08/2014, TIGER Geography
10.4%
12.0%
10.7%
2014 Estimated Total Businesses
522
4,368
10,267
2014 Estimated Total Employees
8,801
43,678
100,319
2014 Estimated Employee Population per Business
16.9
10.0
9.8
2014 Estimated Residential Population per Business
20.2
22.1
25.6
* Photo of Representative 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.
Page 23 of 24
Exclusively Listed by:
Ryan Barr
760.448.2446
rbarr@lee-associates.com
Ryan Bennett
760.448.2449
rbennett@lee-associates.com
www.nnninvestmentgroup.com
Lee & Associates hereby advises all prospective purchasers of Single-Tenant Net-Leased 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 a single-tenant 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 a single-tenant 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 single-tenant 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 single-tenant 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.