Wienerschnitzel in Odessa, TX

THE WORLD’S MOST WANTED WIENER
4404 TANGLEWOOD LANE, ODESSA, TX 79762
VIEWPROPERTYVIDEO
ACTUAL BUILDING

PRESENTED BY
LEAD BROKER
Neil Naran
Associate
ONTARIO OFFICE
Tel: (909) 456-3476
neil.naran@marcusmillichap.com
CA License: 02025512
LEAD BROKER
Kevin Boeve
Senior Vice President Investments
ONTARIO OFFICE
Tel: (909) 456-3450
kevin.boeve@marcusmillichap.com
CA License: 01247016
Joshua Rey
Associate
ONTARIO OFFICE
Tel: (909) 456-7015
joshua.rey@marcusmillichap.com
CA License: 1776485
ACTUAL BUILDING

financial overview
annualized operating data
Rent Increases Annual Rent Monthly Rent
Year 1 - Year 5 $132,000 $11,000
Year 6 - Year 10 $145,200 $12,100
Year 11 - Year 15 $159,720 $13,310
Year 16 - Year 20 $175,692 $16,105
Option 1: Year 21 - Year 25 $193,261 $16,105
Option 2: Year 26 - Year 30 $212,587 $17,715
Option 3: Year 31 - Year 35 $233,846 $19,487
Option 4: Year 36 - Year 40 $257,230 $21,435
Option 5: Year 41 - 45 $282,953 $23,579
Net Operating Income $132,000
pricing
Property Name Wienerschnitzel
Property Address 4404 Tanglewood Lane
Odessa, Texas 79762
Price $2,445,000
Cap Rate 5.40%
Gross Leasable Area 1,977 SF
Year Built 2008
Lot Size 0.57 Acres
tenant summary
Tenant Trade Name Wienerschnitzel
Lease Type Private
Tenant Franchisee
Lease Guarantor Franchisee Guarantee/ Personal Guarantee
Lease Type Absolute Triple-Net (NNN)
Roof and Structure Tenant Responsibility
Lease Term 20 Years
Lease Commencement Date Upon the Close of Escrow
Rent Commencement Date Upon the Close of Escrow
Lease Expiration Date 20 Years Thereafter
Term Remaining on Lease 20 Years
Increases 10% Every Five Years
Options Five, Five-Year Options
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. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080708
2
Lease terms could change based on offer and buyer profile. Please contact listing team to discuss.

executive summary
ACTUAL BUILDING

4
·· Brand New Long-Term Lease | 20-Year Initial Term With Five, Five-Year Options
to Extend
·· Close Proximity to the Intersection of 42nd Avenue and Tanglewood Lane With
Combined Traffic Counts of 56,200 Cars Per Day
·· One Mile From The University of Texas Permian Basin | Nearly 6,050 Students
·· Frontage Along Tanglewood Lane With Traffic Counts Exceeding 16,200 Cars Per
Day
·· Fee Simple Absolute Triple-Net Lease | Land and Building Lease | Investor Able to
Depreciate Asset
·· Seasoned Fast Food Operator With Exclusive Experience Operating Wienerschnit-
zels, Del Taco, and Carl’s Jr. in California in Texas With Strong Sales
·· Strong Sales History | Profitable Unit
·· Excellent Restaurant Location | Located Next to the Music City Mall | Retailers In-
clude Footlocker, Finishline, Payless, Radioshack, Sears, Regal Cinemas, JcPenney,
Dillard’s, and Burlington
·· Music City Mall | Double-Digit Increases in Traffic Flow in 2017
investment highlights 1 Mile 3 Miles 5 Miles
2016 Population 10,385 62,968 111,986
2016 Households 4,571 24,631 41,926
2016 Daytime Population 5,714 19,598 46,012
2016 Average Household Income $77,029 $74,796 $71,358
ACTUAL BUILDING

5
wienerschnitzel overview
Headquarters Irvine, California
Website www.wienerschnitzel.com
Founded in 1961 by John Galardi with a sin-
gle hot dog stand in Wilmington, California,
Wienerschnitzel has grown to be the world’s
largest hot dog chain serving more than
120 million hot dogs a year; and the chain
is famous for their delicious secret-recipe
chili used to smother on fries, hot dogs and
burgers.
World’s Largest Hot Dog Franchise
Six Consecutive Years, Same-Store Sales Increase
Desirable Brand and Business Model
Top Franchises of 2017
358 Locations
Simple Operations With Low Food Costs
World’s Most Wanted Wiener
The Recipe for Success
Higher Profit Margin vs. Traditional Quick-Service Restaurant
Founded in 1962 (55 Years Ago)
Revenue of $249.3 Million in 2016

6
Music City Mall
-- 79 Rooms -
-- 108 Rooms -
-
-
-
-
-
-
-
- PERMIAN BASIN -
Enrollment: 5,900+
odessa, tx
·· Third Fastest-Growing Small City in the United States | 2010 - 2015 #1 Fastest Growing Region in the United States
·· Odessa Regional Medical Center | 225-Bed Hospital | One of the Top Employers in the Region
·· In 2016, The Largest Continous Oil and Gas Deposit Ever Found in the United States Was Found in the Midland Basion Portion of the Texas’ Permian Basin | Worth Around
$900 Billion At Current Prices
·· Permian Basin Investments Expected to Grow by $32 Billion in the Next Five Years | Capital Expenditures For Oil and Gas Exploration and Production Expected to Rise from
Eight Billion Dollars Made in 2016 to $40 Billion by 2021
Tanglewood Avenue - 16,200
Cars Per Day
42nd
Avenue - 40,000 Cars Per Day

7
university of texas of the
permian basin
-Student Housing
42nd
Avenue-40,000CarsPerDay
Tanglewood Avenue - 16,200 Cars Per Day
1 Mile Away ( 5 Minute Drive)
·· 4,661 Undergraduate and 899 Graduate Students
·· #35 - Top Public Schools
·· #91 - U.S. News’ 2018 Edition of Best Regional Universities

Confidentiality Agreement
The information contained in the following offering memorandum is proprietary and strictly
confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap
and it should not be made available to any other person or entity without the written consent of
Marcus & Millichap. By taking possession of and reviewing the information contained herein the
recipient agrees to hold and treat all such information in the strictest confidence. The recipient
further agrees that recipient will not photocopy or duplicate any part of the offering memorandum.
If you have no interest in the subject property at this time, please return this offering memorandum
to Marcus & Millichap.
This offering memorandum has been prepared to provide summary, unverified financial and
physical information 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. Marcus & Millichap has not made 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, the presence or absence of contaminating substances, PCBs or
asbestos, the compliance with local, state and federal regulations, the physical condition of the
improvements thereon, or the financial condition or business prospects of any tenant, 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, Marcus & Millichap has not verified, and will not verify, any of the information
contained herein, nor has Marcus & Millichap conducted any investigation regarding these
matters and makes no warranty or representation whatsoever regarding the accuracy or
completeness of the information provided. All potential buyers must take appropriate measures to
verify all of the information set forth herein. Prospective buyers shall be responsible for their costs
and expenses of investigating the subject property.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS &
MILLICHAP AGENT FOR MORE DETAILS.
Net Leased Disclaimer
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will
not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee,
warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a net leased 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. Marcus &
Millichap 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 perfor-
mance of this property. The value of a net leased 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 net leased 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 Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim,
cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
ACTUAL BUILDING

Wienerschnitzel in Odessa, TX

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