CARL S JR RESTAURANT NNN INVESTMENT

CARL S JR RESTAURANT NNN INVESTMENT CARL S JR. RESTAURANT NNN INVESTMENT 2617 Oklahoma Avenue Woodward, OK 73801

CARL S JR RESTAURANT NNN INVESTMENT CARL S JR. RESTAURANT EXECUTIVE SUMMARY PROPERTY Carl s Jr. & Green Burrito Restaurant LOCATION 2617 Oklahoma Avenue Woodward, OK 73801 SALES PRICE $1,270,000 CAPITALIZATION RATE 5.5% PRIMARY ANNUAL LEASE TERM RENTAL Years 1-5 $69,838 Years 6-10 $76,822 Years 11-15 $84,504 Years 16-20 $92,955 BUILDING SIZE Approximately 3,304 square feet originally constructed in 2008 LAND PARCEL SIZE Approximately 41,991 square feet or.964 acres PRIMARY LEASE TERM New twenty (20) year primary lease term commencing approximately May 1, 2016 RENTAL INCREASES Fixed ten (10%) percent increases every five (5) years OPTIONS TO EXTEND Four five (5) year options at same terms and conditions TENANT INFORMATION OK Restaurant Holdings LLC is a new Oklahoma Limited Liability company established by Aslam Khan in April, 2015 that acquired 37 existing Carl s Jr. restaurants from Star Chaser s Inc. Prior to OK Restaurant Holdings LLC acquisition the restaurants they were operated by Star Chaser s since 2006 and Carl s Jr. Corporate previously. The Oklahoma market is very mature with many of the restaurants having a 25+ year history of successful operations. Aslam Khan has 30+ years management experience in the Quick Service Restaurant industry and owns a number of different restaurant companies which own and operate over 258 restaurants in numerous states. Mr. Khan is a personal guarantor to the lease in addition to having OK Restaurant Holdings LLC as the tenant. Please contact broker for additional organizational and financial information on the tenant & guarantor. Please also visit their company website at http://falconholdings.com for additional information on the company. In 2015 Mr. Khan was recognized as Restaurant Franchisee of the year by International Restaurant Franchisee Association. Mr. Kahn also acquired the existing local Oklahoma management team that was has been running the Oklahoma restaurants since early 2000 and integrated it with his existing corporate infrastructure which provides for a seamless transition to new ownership. COMMENTS The Carl s Jr. & Green Burritto restaurant was newly constructed in 2008 and features a state of the art restaurant and dining room. The property is ideally located on Oklahoma Avenue in the heart of the downtown Woodward retail corridor. The Carl s Jr. restaurant is surrounded by other national fast food restaurants and the majority of Woodward s residential population. The large 3,304 SF restaurant building is situated on a large 42,000+ SF land parcel was constructed at a cost of $1,100,000 by Oklahoma Territories which creates a very high degree of intrinsic value in the Woodward property. The city of Woodward has a population of approximately 12,000 residents and is also the county seat of Woodward County which has a population of approximately 20,000 residents. Woodward is the principal center of trade for a 10 county Northwest Oklahoma region including counties in Kansas and Texas. The extended Woodward trade area serves over 50,000 people. The region is rich in agriculture, petroleum, wind energy, and manufacturing all of which contribute to Woodward's economy. Woodward also lies in an oil and natural-gas area on the shelf of Oklahoma's Anadarko Basin which is one of the largest natural gas & oil fields in America. Woodward and surrounding counties also have some of the largest wind energy farms and distribution facilities in the state of Oklahoma. As a result of these natural resources the oil field service industry is also a very significant contributor to Woodward s regional economy.

CARL S JR. RESTAURANT SUBJECT PROPERTY

CARL S JR. RESTAURANT DINING ROOM

MCDONALD S RESTAURANT BRAUM S RESTAURANT & MARKET TACO BELL & KFC RESTAURANT TRADE AREA SONIC RESTAURANT LOVE S GAS STATION NAPA AUTO PARTS

UNITED SUPER MARKET FAMILY DOLLAR STORE PIZZA HUT TRADE AREA WOODWARD BOWLING CENTER HAMPTON INN CANDLEWOOD SUITES HOTEL

WALGREEN S DRUG STORE BANK 7 PLAZA & CORPORATE OFFICES LAKESIDE SIX THEATRES TRADE AREA AUTO ZONE CASTROL BUSH S CHICKEN

WALMART SUPERSTORE WALMART SUPERSTORE MURPHY OIL TRADE AREA WALMART STRIP CENTER ATWOOD S HOME IMPROVEMENT GREAT PLAINS BANK

WOODWARD CATHOLIC CHURCH WOODWARD MUNICIPAL GOLF COURSE WOODWARD COMMUNITY CENTER TRADE AREA HISTORIC DOWNTOWN WOODWARD HISTORIC DOWNTOWN WOODWARD WOODWARD COMMUNITY CENTER

CARL S JR. AERIAL PHOTO INDICATES CARL S JR. PROPERTY LINE

SITE PLAN INDICATES CARL S JR. PROPERTY LINE

CARL S JR. AERIAL PHOTO WOODWARD BOWLING CENTER INDICATES CARL S JR. PROPERTY LINE

SUBJECT PROPERTY 12,000 City of Woodword Population 25,000 Woodward County Population 50,000 10 County Northwest Oklahoma Extended Trade Area 20,000 Cars Per Day Traffic Count Oklahoma Avenue 2015

WOODWARD, OKLAHOMA Before the American Civil War, Woodward and its surrounding area was inhabited by the Kiowa, Comanche, Apache, Cheyenne, Arapaho, and Plains tribes. Boiling Springs, near present day Woodward, was a favorite campsite of the Plains Indians. A wide area around the springs late became the scene of numerous battles between these tribes and the white man. After the war, various military expeditions were led against the Plains tribes in Woodward County by Lieutenant Colonels Alfred Sully and George Armstrong Custer, and General Philip Sheridan, who were stationed near Woodward at Fort Supply. Since it s establishment in 1887, Woodward has been a vibrant part of Northwestern Oklahoma s rich history. From its humble beginnings as a Railroad supply point for the Indian Territories and Camp Supply to one of the Nations most progressive energy producing communities, Woodward continues to move forward. Woodward rates as one of the top five communities for growth in the State of Oklahoma, and enjoys one of the highest growth rates in years for population, economy, and job creation. WOODWARD ECONOMY Woodward is the principal center of trade for Northwest Oklahoma and a ten-county region including counties in Kansas and Texas. It serves a trade area of greater than 50,000 people. Agriculture, petroleum, wind energy, and manufacturing all contribute to Woodward's economy. Woodward serves as a market and processing center for wheat, cattle, hay and poultry. Woodward also lies in an oil and natural-gas area on the shelf of Oklahoma's Anadarko Basin. Thereafter, Woodward enjoyed significant growth due to the opening and location of oil field service and drilling companies in Woodward. In addition to hydrocarbons, many portions of Woodward County are underlain by one of the world's largest deposits of iodine. Since 1977, numerous companies have explored for and produced crude iodine in Woodward County. Woodward Iodine and Deepwater Chemicals are located in Woodward. In 2003, Florida Power & Light Company's subsidiary, FPL Energy, and the Oklahoma Municipal Power Authority, began commercial production of electricity generated from wind turbines constructed seven miles north of Woodward. Manufacturers include oil field equipment, apparel, crude iodine, and printing and publishing. Clothing factories are a relatively recent addition. The Plains Indians and Pioneers Museum attracts tourists to the city. Boiling Springs State Park lies to the east of Woodward.Woodward is the corporate headquarters for Beaver Express Service, L.L.C., Oklahoma's largest and oldest Oklahomabased small package express and LTL motor freight carrier.