Jack in the Box RICHARDSON, TEXAS

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1 Jack in the Box RICHARDSON, TEXAS

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3 About the Property THE OFFERING provides an opportunity to acquire an absolute net Jack in the Box with 14 years remaining. Built in 2011, the franchise location sits along a major eastwest thoroughfare off of Interstate 75 in Richardson, Texas. JACK 2, ,000+ NASDAQ LOCATIONS (88% franchised) FOUNDED EMPLOYEES

4 Overview Jack in the Box 510 WEST ARAPAHO ROAD, RICHARDSON, TX $2,144,000 PRICE 6.00% CAP

5 PAGE 5 Investment Summary LEASEABLE SF 2,569 SF LAND AREA 30,666 SF LEASE TYPE Absolute NNN LEASE EXPIRATION October 31, 2032; 14 Years Remaining YEAR BUILT 2011 PARKING 24 Spaces; 9.3/1,000 SF Property Highlights Absolute Net Lease term provides zero management responsibility. Fourteen years remaining on initial term with annual scheduled rent increases. Personal guaranty in place from experienced franchisee operating 19 locations. High quality 2011 build-to-suit construction equipped with a drive-thru. Highly-trafficked retail corridor carrying nearly 40,000 VPD. Thriving and affluent economic area home to many national corporations and a large public university.

6 Financial Summary PRICE $2,144,000 CAPITALIZATION RATE 6.00% CASH FLOW SUMMARY SCHEDULED INCOME PER SF Base Rent for the Period of: 1/1/ /31/2019 $52.26 $128,652 Rent Increases Over Base Rent $0.09 $214 Total Effective Gross Income (EGI) $52.34 $128,866 OPERATING EXPENSES Per SF CAMS Property Taxes Insurance Total Operating Expenses NNN NNN NNN NNN NET OPERATING INCOME $128,866 ABSOLUTE NNN EXPENSE STRUCTURE PROVIDES ZERO LANDLORD MANAGEMENT RESPONSIBILITIES This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

7 PAGE 7 Rent roll JACK IN THE BOX Lease Term: Size (SF): 11/1/ /31/2032 2,462 RENT SUMMARY DATE MONTHLY BASE RENT % INCREASE ANNUAL RENT PSF CAP RATE 1/1/2019 $10,721 $128,652 $ % 11/1/2019 $10,828 1% $129,939 $ % 11/1/2020 $10,936 1% $131,238 $ % 11/1/2021 $11,046 1% $132,550 $ % 11/1/2022 $11,156 1% $133,876 $ % 11/1/2023 $11,268 1% $135,215 $ % 11/1/2024 $11,381 1% $136,567 $ % 11/1/2025 $11,494 1% $137,932 $ % 11/1/2026 $11,609 1% $139,312 $ % 11/1/2027 $11,725 1% $140,705 $ % 11/1/2028 $11,843 1% $142,112 $ % 11/1/2029 $11,961 1% $143,533 $ % 11/1/2030 $12,081 1% $144,968 $ % 11/1/2031 $12,201 1% $146,418 $ % OPTIONS 2-10 YR 1% ANNUAL INCREASES 3-MONTHS' NOTICE CURRENT $10,721 $128,652 $ % COMMENTS: Tenant operates on an Absolute Net lease with 13 years remaining and two, 10-year option periods. Lease term is personally guaranteed by the tenant. Tenant has a first right of refusal to purchase the Property. Once a PSA has been signed by the buyer, the tenant has 20 days to exercise their purchase option on the same terms. Financial Summary

8 Surrounding Amenities JACK IN THE BOX 31,700 VPD W ARAPAHO ROAD ,000 VPD US ROUTE 75 75

9 PAGE 9 DRIVE THRU W ARAPAHO ROAD SITE PLAN NOT TO SCALE Site Plan

10 Featured Photography

11 PAGE 11 Featured Photography

12 Demographics Richardson, Texas RICHARDSON, TEXAS, on the edge of Dallas county, is an affluent suburb located only 12 miles from the Dallas CBD. The city includes more than 5,000 businesses and a high concentration of telecommunications and insurance companies. A hub for telecommunications, Richardson is home to large sectors of AT&T, Verizon, DirectTV, Cisco and the U.S. headquarters for Samsung Mobile and MetroPCS. As much as the city is a telecommunications hub, the biggest industry in Richardson is the insurance industry. The headquarters for Blue Cross and Blue Shield of Texas and a regional hub for State Farm and GEICO.

13 Employment & Economy PAGE 13 THE BASE OF MANY LARGE NATIONAL EMPLOYERS, the Richardson economy continued to grow through the recession and has recognized large scale growth since Richardson is also home to the University of Texas at Dallas, a public research university with an enrollment of nearly 30,000 and an endowment upwards of $500M. EMPLOYER # OF EMPLOYEES State Farm Insurance 8,000 AT&T Inc. 5,000 Top 5 Employers Blue Cross Blue Shield of Texas 3,100 The University of Texas at Dallas 2,674 Richardson Independent School District 2,500 POPULATION Drive time 5 MINS 10 MINS 15 MINS , , , , , , , , , HH INCOME 5 MINS 10 MINS 15 MINS Average $91,860 $90,899 $95,363 Median $69,299 $61,387 $60,480 KEY 5 MINS 10 MINS 15 MINS

14 Contact Us

15 We d love to hear from you. SEAN MACK smack@capitalpacific.com PH: LISTED IN CONJUCTION WITH: STEPHEN SIELING Azur Commercial Capital LLC steve@azurcc.com PH: The information in this Executive Summary has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. All rights reserved to Capital Pacific, LLC. Contact Us

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