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HOOTERS OFFERING MEMORANDUM ABSOLUTE NNN LEASE | $1,238,000 112 INTERSTATE BLVD ANDERSON, SOUTH CAROLINA

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Page 1: HOOTERS ANDERSON, SOUTH CAROLINA€¦ · Retail Investment Group is pleased to present for sale, a Hooters in Anderson, South Carolina. This is an absolute triple net lease with zero

HOOTERS

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ABSOLUTE NNN LEASE | $1,238,000112 INTERSTATE BLVD ANDERSON, SOUTH CAROLINA

Page 2: HOOTERS ANDERSON, SOUTH CAROLINA€¦ · Retail Investment Group is pleased to present for sale, a Hooters in Anderson, South Carolina. This is an absolute triple net lease with zero

Exclusively Marketed by:

Steven DavisManaging Member480-429-4580License # [email protected]

Mark McLooneSenior Associate 480-429-4580 License # 673250000 [email protected]

Sean StephensonSenior Associate480-429-4580License # 672380000 [email protected]

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or futureperformance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

HootersCONTENTSExecutive Summary

Executive Summary 5 Location Summary 6

Property Features

8Demographics

10 Demographics Demographic Charts

Andrew Thomas KnightSouth Carolina Broker of Record860-648-1600License # [email protected]

Page 3: HOOTERS ANDERSON, SOUTH CAROLINA€¦ · Retail Investment Group is pleased to present for sale, a Hooters in Anderson, South Carolina. This is an absolute triple net lease with zero

Hooters Confidentiality and Disclaimer | 03

CONFIDENTIALITY AND DISCLAIMER:

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to bereviewed only by the party receiving it from Retail Investment Group and it should not be made available to any other person orentity without the written consent of Retail Investment Group.

By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such informationin the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offeringmemorandum. If you have no interest in the subject property, please promptly return this offering memorandum to RetailInvestment Group. This offering memorandum has been prepared to provide summary, unverified financial and physicalinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. Retail Investment Group has notmade any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property,the future projected financial performance of the property, the size and square footage of the property and improvements, thepresence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, thephysical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans orintentions to continue its occupancy of the subject property.

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, RetailInvestment Group has not verified, and will not verify, any of the information contained herein, nor has Retail Investment Groupconducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracyor completeness of the information provided. All potential buyers must take appropriate measures to verify all of the informationset forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT RETAIL INVESTMENT GROUP FOR MORE DETAILS.

Page 4: HOOTERS ANDERSON, SOUTH CAROLINA€¦ · Retail Investment Group is pleased to present for sale, a Hooters in Anderson, South Carolina. This is an absolute triple net lease with zero

Hooters Executive Summary | 05

OFFERING SUMMARYADDRESS 112 Interstate Blvd Anderson

SC 29621COUNTY AndersonLEASE TYPE Sale Leaseback

BUILDING SQUARE FEET ±4,400 LAND SQUARE FEET/ACRES ±41,818/ 0.96YEAR BUILT 2001GUARANTEE CorporateTENANT Hooters

OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $1,238,000PRICE PSF $295.45OCCUPANCY 100 %NOI $78,000CAP RATE 6.30 %

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2017 Population 1,171 12,969 42,4372017 Median HH Income $61,156 $50,982 $53,2802017 Average HH Income $78,782 $67,814 $70,464

New 12 Year Absolute NNN Lease That Commences At COE

8.5% Increases Every 5 years

4 x 5 Year Options

±28 Miles to Greenville, SC & ±119 Miles to Atlanta, GA

±7.9 Miles to Anderson Regional Airport

±10 Miles to Clemson University

Retail Investment Group is pleased to present for sale, a Hooters in Anderson, South Carolina. This is an absolute triple net lease with zero landlord responsibilities. Corporate backed for the full 12 year term. This property features a ±4,400 square feet building and is located on a ±0.96 acres of land. The property is located at the interchange of Highway 85 which has ±49,600 vehicles per day and Highway 76 with ±23,600 vehicles per day.

Nearby Retailers are Hampton Inn, Outback Steakhouse, Waffle House, Cracker Barrel, Baymont by Wyndham, Clemson Comfort, Subway, Wild Wings Cafe, J Peters Grill & Bar, Wendy's, Fatz, McDonald, Fuddruckers ,Arby's, Shell. Regal Cinemas Starlight, Country Inn and Suites By Radisson, Fairfield Inn Suites, Holiday Inn Express, and Microtel and Suites by Wyndham.

Area generators include ±6.5 AnMed Health Medical Center,± 7.9 Miles to Anderson Regional Airport, ±10.1 miles to Clemson University with 23,400 + students.

About Hooters:

With restaurants in 39 states and 31 countries, Hooters is a 34 year-old iconic brand serving its world famous chicken wings, as well as other quality food products such as sandwiches, hamburgers, chicken salads and a full bar in a fun, high energy environment. the quality of food is matched with superior service to learn more about hooters visit www.hooters.com

PARCEL NUMBER

ZONING Commercial

PARKING SPACES 70 Free Parking Spaces

LEASE EXPIRATION 12 Years from COE INCREASES 8.5% Every 5 Years

OPTIONS 4 X 5 Year Options

093-15-01-006

Page 5: HOOTERS ANDERSON, SOUTH CAROLINA€¦ · Retail Investment Group is pleased to present for sale, a Hooters in Anderson, South Carolina. This is an absolute triple net lease with zero

Hooters Location Summary | 06

The City of Anderson is located in the northwest corner of the state of South Carolina on the Piedmont Plateau and is the county seat of Anderson County. Anderson is one of the principal cities in the Greenville-Anderson MSA which has a total MSA population of 1,267,000+ people. Anderson is conveniently located off of Interstate 85 which the main connecting Interstate to Atlanta and Charlotte.

The City is ideally located on the busy Interstate 85 corridor, to which much of its economic growth can be The City lies on the southern border of Interstate 85 and is approximately 127 miles north of Atlanta, Georgia. Business leaders and development officials in Anderson have taken advantage of this asset, and visible progress is the result. Anderson County was ranked 14th out of 50 as one of the “Hottest American cities for business location, Anderson is a major contributor to the success of the upstate. Anderson offers all of the basis upon which to build a thriving economy, including affordable land, a good transportation system, infrastructure, and a large number of recreational amenities.

Anderson is apart of the Greenville MSA which has been ranked as one of the "Top 10 fastest growing cities in the U.S" by CNN Money and names the Third strongest job market by Bloomberg. The city offers easy access to Charlotte, North Carolina, and Atlanta, Georgia. the city is home to large employers such as GE and Michelin with plans to continuing growing and reinvigorating the city.

Anderson is the home of Anderson University, a private university with 3,400+ students. Clemson University is also located nearby with 23,000+ students, making it the second-largest university in South Carolina. Clemson University is a 1,400+ acre campus with an additional 17,5000 acres for research, education, and recreation.

Page 6: HOOTERS ANDERSON, SOUTH CAROLINA€¦ · Retail Investment Group is pleased to present for sale, a Hooters in Anderson, South Carolina. This is an absolute triple net lease with zero

Hooters Location Map | 07

Page 7: HOOTERS ANDERSON, SOUTH CAROLINA€¦ · Retail Investment Group is pleased to present for sale, a Hooters in Anderson, South Carolina. This is an absolute triple net lease with zero

Hooters Demographics | 10

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 865 9,810 32,679

2010 Population 1,081 11,808 38,476

2017 Population 1,171 12,969 42,437

2022 Population 1,235 13,785 44,865

2017 African American 151 1,747 5,575

2017 American Indian 6 46 117

2017 Asian 19 311 775

2017 Hispanic 31 556 1,774

2017 White 952 10,288 34,324

2017 Other Race 16 263 765

2017 Multiracial 27 304 861

2017-2022: Population: Growth Rate 5.35 % 6.15 % 5.60 %

2017 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 37 655 1,894

$15,000-$24,999 51 809 2,142

$25,000-$34,999 51 656 1,908

$35,000-$49,999 58 583 2,129

$50,000-$74,999 116 942 3,281

$75,000-$99,999 92 809 2,499

$100,000-$149,999 69 649 2,199

$150,000-$199,999 23 227 683

$200,000 or greater 25 185 637

Median HH Income $61,156 $50,982 $53,280

Average HH Income $78,782 $67,814 $70,464

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 477 4,555 14,612

2010 Total Households 486 5,061 15,920

2017 Total Households 522 5,516 17,372

2022 Total Households 550 5,849 18,306

2017 Average Household Size 2.23 2.29 2.41

2000 Owner Occupied Housing 316 2,859 9,949

2000 Renter Occupied Housing 76 1,336 3,605

2017 Owner Occupied Housing 323 3,009 10,889

2017 Renter Occupied Housing 200 2,507 6,483

2017 Vacant Housing 149 687 2,138

2017 Total Housing 671 6,203 19,510

2022 Owner Occupied Housing 339 3,197 11,499

2022 Renter Occupied Housing 211 2,652 6,807

2022 Vacant Housing 156 708 2,170

2022 Total Housing 706 6,557 20,476

2017-2022: Households: Growth Rate 5.25 % 5.90 % 5.25 %

Source: esri

Page 8: HOOTERS ANDERSON, SOUTH CAROLINA€¦ · Retail Investment Group is pleased to present for sale, a Hooters in Anderson, South Carolina. This is an absolute triple net lease with zero

Hooters Demographic Charts | 11

1 Mile Radius 3 Mile Radius 5 Mile Radius

2017 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2017 Population by Race

Page 9: HOOTERS ANDERSON, SOUTH CAROLINA€¦ · Retail Investment Group is pleased to present for sale, a Hooters in Anderson, South Carolina. This is an absolute triple net lease with zero

Exclusively Marketed by:

Steven DavisMark McLoone

Managing MemberSenior Associate

480-429-4580480-429-4580

License # 101032000License # 673250000

[email protected]

Andrew Thomas KnightSouth Carolina Broker of Record860-648-1600License # [email protected]@retail1031.com

Sean StephensonSenior Associate480-429-4580License # 672380000 [email protected]

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