Dunkin Donuts & Baskin Robbins - Killeen, TX

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OFFERING MEMORANDUMTriple Net (NNN) Lease Investment Opportunity

2250 S Clear Creek Rd | Killeen, TX 76549

2EXCLUSIVELY MARKETED BY:

© 2019 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands Investment

Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the

responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and

completeness. Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no

guarantee or assurance these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group

encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.

2101 South IH 35, Suite 402

Austin, TX 78741

844.4.SIG.NNN

www.SIGnnn.com

ELAN SIEDERLic. # 678407

512.649.5185 | DIRECT

[email protected]

MAX FREEDMANLic. # 644481

512.766.2711 | DIRECT

[email protected]

In Cooperation with Sands Investment Group Austin, LLC - Lic. # 9004706

CHRIS SANDSLic. # 93103

310.870.3282 | DIRECT

[email protected]

3TABLE OF CONTENTS

Actual Property Image

Area OverviewCity Overview

Demographics

Investment OverviewInvestment Summary

Investment Highlights

Property OverviewLocation Map

Aerial Map

Retail Map

Lease AbstractLease Summary

Rent Roll

Tenant OverviewDunkin’ Donuts

Baskin Robbins

Dunkin’ Donuts & Baskin Robbins | 2250 S Clear Creek Rd | Killeen, TX 76549

4INVESTMENT SUMMARYSands Investment Group is Pleased to Exclusively Offer For Sale the 2,400 SF Dunkin’ Donuts & Baskin Robbins Locatedat 2250 South Clear Creek Road in Killeen, Texas. This Brand New Long-Term Triple Net (NNN) Lease With ZeroLandlord Responsibility Provides For a Secure Investment.


OFFERING SUMMARYPRICE $2,192,347

CAP 5.75%

NOI $126,060

PRICE PER SF $913.48

YEARS REMAINING 10+ Years

GUARANTOR OSO Coffee Company LLC & Personal

PROPERTY SUMMARYADDRESS 2250 South Clear Creek Rd.

Killeen, TX 76549

COUNTY Bell

BUILDING AREA 2,400 SF

LAND AREA 0.76 ACBUILT 2018

5HIGHLIGHTSBrand New Long-Term 10+ Year Triple Net(NNN) Lease With Zero LandlordResponsibility

Excellent Demographics With Over 63,360Residents Making an Average of $60,387Within a 3-Mile Radius

Situated on a High Retail and MedicalCorridor, Clear Creek Rd Has an Average of30,000 VPD

Nearby Tenants Include: Zaxby’s, Starbucks, LittleCaesars Pizza, Burger King, Coffee Beanery, Mango CupYogurt, Walmart Neighborhood Market, Family Dollarand Redbox

Just Five Minutes Away is the Central TexasCollege Complex Serving Over 50,000Students and Staff

Surrounded by the Sunflower Estates NeighborhoodWith Shoemaker High School, Live Oak Ridge MiddleSchool and the Clear Creek Elementary School

Located Across the Street From the Metroplex HospitalComplex, Clinical Pathology Labs and Central TexasCollege Nursing Center

Fort Hood Army Base is Just 5 Minutes Away - Foundedin 1942, It’s 340 Square Miles and is the Largest ActiveDuty Armored Post in the US Serving Over 40,000Soldiers and 9,000 Civilian Employees

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Fort Hood Army Base

Fort Hood Army Base

7

Clear Creek Rd

Central Texas College Rd.

8

8

Clea

r Cre

ek R

d

W Stan Schlueter Loop

Fort HoodArmy Base

9CITY OVERVIEW

Killeen, TX Economy Contemporary LifeDue to Killeen being adjacent to Fort Hood, itseconomy depends on the activities of the post,and the soldiers and their families stationed there.The city is known as a military "boom town"because of its rapid growth and high influx ofsoldiers. The city’s Comprehensive AnnualFinancial Report states that the top employers inthe city are Fort Hood with 58,187 employees,Central Texas College with 50,000 students andstaff, Killeen Independent School District with6,000 employees, and the Advent Health(Metroplex) with 1,300 employees.

Killeen is known for the Fort Hood military base.The base includes the 1st Cavalry Museum,featuring an outdoor exhibition of historic militaryvehicles. On the Central Texas College campus,the Mayborn Science Theater hosts planetariumshows. Lions Club Park has a swimming pool and aplayground. East of the city, Temple Lake Park haspicnic areas, a beach and bass-filled waters. Thecity is also home to the Stonetree Golf Course,which was renovated in 2005. The city holds 25to 30 annual golf tournaments and host some ofthe major area fundraisers there.

FORT HOOD 1ST CAVALRY MUSUEMBELL COUNTY COURTHOUSE

Killeen is a city in Bell County in the state ofTexas. According to the 2017 estimate census,the population was 145,482 residents making itthe 21st-most populous city in Texas. The city isthe principal city of the Killeen–Temple-Fort HoodMetropolitan Statistical Area, which has apopulation of about 450,051 residents. Killeen isdirectly adjacent to the main cantonment of FortHood. Killeen is bordered to the north by FortHood and to the east by Harker Heights. The cityis located 60 miles from Waco and 65 miles fromAustin, TX.

Killeen | Bell County | Texas

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Population

Average Household Income

7,391 63,360 113,082

$66,405 $60,387 $55,887

DEMOGRAPHICS

1-MILE 3-MILE 5-MILE

1-MILE 3-MILE 5-MILE


Clear Creek Elementary School

Shoemaker High School

Live Oak Ridge Middle School

Sunflower Estates

Fort HoodArmy Base

Clea

r Cre

ek R

d

(30,000 VPD

) (90,000 VPD)

Maxdale Elementary School

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COMPANY TYPENASDAQ: DNKN

# OF LOCATIONS11,300+

FOUNDED1950

HEADQUARTERSCanton, MA

TENANT PROFILE

WEBSITEdunkindonuts.com

In 1950, Bill Rosenberg opened the first Dunkin'® shop in Quincy, MA. Just five years later, a franchise legacy was born.With over 130 years of franchising experience, Dunkin' Brands is home to two of the world's most recognized, belovedfranchises: Dunkin'® and Baskin-Robbins. Dunkin'® is a market leader in sales of hot, decaffeinated and flavored coffee, icedcoffee, bagels, donuts and muffins. The company has more than 11,300 Dunkin'® restaurants worldwide – that's over 8,500restaurants in 41 states across the U.S.A. and over 3,200 international restaurants across 36 countries!

Oso Coffee Company LLC is a privately held company in Woodway, TX. Oso Coffee is a two unit Dunkin'® operator withstores in Central Texas. They have 3 new store locations identified for development and growing throughout the region.

Dunkin'® is the world's leading baked goods and coffee chain, serving more than 3million customers each and every day. True to their name, they offer 50+ varieties ofdonuts, but customers can also enjoy dozens of premium beverages, bagels,breakfast sandwiches and other baked goods.

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COMPANY TYPESubsidiary

# OF LOCATIONS7,800+

FOUNDED1945

HEADQUARTERSCanton, MA

TENANT PROFILE

WEBSITEbaskinrobbins.com

Today, Baskin-Robbins has more than 1,300 ice creams in its flavor library, and also offers custom ice cream cakes, frozenbeverages and the Polar Pizza™ Ice Cream Treat. Baskin-Robbins strongly believes in the social aspect of ice cream and havedesigned the shops as gathering spots for people. Today, over 300 million people visit Baskin-Robbins each year - a numberthat continues to grow as Baskin-Robbins spreads throughout the world!

Baskin-Robbins is an American chain of ice cream and cake specialty shop restaurants. Based inCanton, Massachusetts, it was founded in 1945 by Burt Baskin and Irv Robbins. It claims to bethe world's largest chain of ice cream specialty stores, with 7,800 locations, including nearly2,500 shops in the United States and over 5,000 in other countries. Baskin-Robbins sells icecream in nearly 50 countries. The company is known for its "31 flavors" slogan, with the idea thata customer could have a different flavor every day of any month.

13LEASE SUMMARYActual Property Image

TENANT Dunkin’ Donuts & Baskin Robbins

PREMISES A Building of Approximately 2,400 SF

LEASE COMMENCEMENT January 4, 2019

LEASE EXPIRATION December 31, 2029

LEASE TERM 10+ Years Remaining

RENEWAL OPTIONS 2 x 5 Years

RENT INCREASES 2% Annually

LEASE TYPE Triple Net (NNN)

PERMITTED USE Coffee/Donuts/Ice Cream

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Tenant’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility

RIGHT OF FIRST REFUSAL No

14RENT ROLL

Actual Property Images

SIZE ANNUAL RENT LEASE TERM

TENANT NAME

SQUAREFOOTAGE

% OF TOTAL

ANNUALBASE RENT

RENT PER SF

RENTAL INCREASE

INCREASE DATES

LEASEBEGIN

LEASE END OPTIONS

Dunkin Donuts’ & Baskin Robbins 2,400 SF 100% $126,060 $52.53 2% Annually 01/04/2019 12/31/2029 2 x 5 Years


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The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only bythe party receiving it from Sands Investment Group and should not be made available to any other person or entity without the writtenconsent of Sands Investment Group.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only apreliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation, withrespect to the income or expenses for the subject property, the future projected financial performance of the property, the size and squarefootage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance withState and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of anytenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, SandsInvestment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conductedany investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness ofthe information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it inthe strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree thatby accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, orliability arising out of your investigation and/or purchase of this property.

CONFIDENTIALITY AGREEMENT

16ABOUT BROKERAGE SERVICESBefore working with a real estate broker, you should know that the duties of a Broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospectivebuyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner's agent. A broker who acts as a subagent represents the owner in cooperation withthe listing broker. A broker who acts as a buyer's agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you inlocating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner's agent by entering into an agreement with the owner, usually through a written listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interestsof the owner first. The buyer should not tell the owner's agent anything the buyer would not want the owner to know because an owner's agent must disclose to the owner any materialinformation known to the agent.

IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer's agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer's agent can assist the owner butdoes not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer's agent anything the owner would not want the buyer to know because a buyer'sagent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the parties if the broker complies with the Texas Real Estate License Act. The broker must obtain the written consent of each party to the transactionto act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary.

The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:(1) Shall treat all parties honestly;(2) May not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner;(3) May not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and(4) May not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information

or required to do so by The Texas Real Estate License act or a court order or if the information materially relates to the condition of the property.

With the parties' consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker tocommunicate with and carry out instructions of one party and another person who is licensed under the Act and associated with the broker to communicate with and carry out instructions of theother party.

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker's obligations and your obligations. The agreementshould state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarilyestablish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

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EXCLUSIVELY MARKETED BY:


2101 South IH 35, Suite 402Austin, TX 78741844.4.SIG.NNN

www.SIGnnn.comIn Cooperation with Sands Investment Group Austin, LLC - Lic. # 9004706

ELAN SIEDERLic. # 678407

512.649.5185 | DIRECT

[email protected]

MAX FREEDMANLic. # 644481

512.766.2711 | DIRECT

[email protected]

CHRIS SANDSLic. # 93103

310.870.3282 | DIRECT

[email protected]


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Dunkin Donuts & Baskin Robbins - Killeen, TX