Chick-Fil-A, Rare California Trophy Property in Long Beach, CA

Rare California Trophy Property

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&Millichaphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasMarcus&Millichapconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyor
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.
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 performance 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.
Confidentiality Agreement
Net Leased Disclaimer

Kevin Boeve
Senior Vice President Investments
ONTARIO OFFICE
Tel: (909) 456-3450
kevin.boeve@marcusmillichap.com
CA License: 01247016
Pablo Rodriguez
Senior Associate
ONTARIO OFFICE
Tel: (909) 456-7032
pablo.rodriguez@marcusmillichap.com
NV License: NV S. 0175422
Kyle Blatt
Associate
ONTARIO OFFICE
Tel: (909) 456-3475
kyle.blatt@marcusmillichap.com
PRESENTED BY

TABLE OF CONTENTS
EXECUTIVE SUMMARY
Executive Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Chick-fil-A Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Chick-fil-A in the News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Parcel Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
FINANCIAL OVERVIEW
Financial Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Lease Abstract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
PROPERTY OVERVIEW
Site Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Building Elevations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Aerial Maps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13-14
Regional Maps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15-16
MARKET OVERVIEW
Area Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
COMPARABLES
Recent Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
On Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Under Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
DEMOGRAPHICS
Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25-26

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 Y0080195 2
Marcus & Millichap is pleased to present for sale a Chick-fil-A located on the highly traveled Pacific Coast Highway, in Long
Beach, California. The subject property is a brand-new fee simple ground lease Chick-fil-A with a drive-thru on a 0.97 acre lot.
The Chick-fil-A is projected to open during May 2017.
The property is leased under a rare 20-year triple-net lease with three, five-year options to renew. The lease includes a corpo-
rate guarantee from Chick-fil-A, the largest quick-service chicken restaurant in the United States. The property boasts top tier
visibility and access with frontage on the Los Alamitos Circle, Pacific Coast Highway, and Outer Traffic Circle. Traffic counts in
front of the site are well above 60,000 cars per day.
Located within a few hundred yards of a CVS Pharmacy and a multitude of hospitals and medical service providers. The nota-
ble hospitals include Community Hospital of Long Beach (208 beds), Kaiser Permanente Hospital, Regency Oaks Care Center,
Hacienda Grande Assisted Living Facility, County Villa Belmont Heights Nursing Facility (83 beds), Tichenor Orthopedic Clinic
for Children, and multiple others. The surrounding demographics are strong, especially considering the density and sheer
number of rooftops in the immediate area. There are more than 32,975 people living within a one-mile radius of the property,
with an average household income of more than $74,600. Furthermore, it is predicted that the average household income will
increase by more than 16 percent in the next four years. The multiple national retailers in the immediate area include Vons,
Ralphs, Marshalls, Ross Dress For Less, Chase Bank, US Bank, AutoZone, Circle Porsche dealership, and more.
·· Fee Simple “Trophy Asset” of Immense Proportions
·· Extremely Rare and Favorable Rent Structure
·· Brand New Construction | Opening May 2017
·· Close Proximity to Long Beach Hospital and Kaiser Permanente
·· Fantastic Demographics and Traffic Counts of More Than 60,000 Cars Per Day
·· Massive Residual Value in the Real Estate
·· Extremely High Barriers to Entry Market | Chick-fil-A Was Willing to Wait Until 2017 to Occupy This Location
investment highlights
executive overview

Chick-fil-A overview
3
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 Y0080195
Chick-fil-A is an American fast food restaurant chain headquartered in the Atlanta suburb of College Park, Georgia. The com-
pany’s culture is strongly influenced by its founder’s Southern Baptist beliefs. In 1946, Truett Cathy opened his first restaurant,
Dwarf Grill, in Hapeville, Georgia. Credited with inventing Chick-fil-A’s boneless breast of chicken sandwich, Mr. Cathy founded
Chick-fil-A, Inc. in the early 1960s. He went on to establish restaurants in shopping malls with the opening of the first Chick-fil-A
Restaurant at a mall in suburban Atlanta in 1967. Since then, Chick-fil-A has steadily grown to become the largest quick-service
chicken restaurant chain in the United States. Chick-fil-A has set itself apart by pioneering innovations and delicious products—
including the ever-popular Chick-fil-A® Chicken Sandwich.
Chick-fil-A system sales exceeded six billion dollars in 2015, which marked 48 consecutive years of sales growth. Chick-fil-A
earned a top spot in the 2016 Customer Service Hall of Fame for the third year in a row and was the only quick service restaurant
to make the Top Five of the Customer Service Hall of Fame. The company was also the only restaurant brand named to the Top 10
“Best Companies to Work For” by 24/7 Wall Street, and the only restaurant brand rated “excellent” in the 2016 Temkin Emotions
Rating study.
Chick-fil-A uses a model significantly different from other restaurant franchises, notably in retaining ownership of each restau-
rant. Chick-fil-A selects the restaurant location, builds it, and retains ownership. Whereas franchisees from competing chains pay
almost two million dollars up front to open a franchise, Chick-fil-A franchisees need only a $5,000 initial investment to become
an operator.
The company gets 10,000–25,000 applications from potential franchise operators for 60–70 slots they open each year. Chick-
fil-A gets a larger share of revenue from its franchises than other chains, but the formula works well for operators – franchisees
make an average of $190,000 per year. In 2010, Chick-fil-A took the industry lead in average sales per restaurant, making an
average of $2.7 million per restaurant in 2010. “Eat mor chikin” is the chain’s most prominent advertising slogan. In February 2014,
Chick-fil-A announced plans to serve chicken raised without antibiotics in its restaurants nationwide within five years. Chick-fil-A
is the first quick-service restaurant to set forth a plan and commit to serving only poultry raised without antibiotics.
Why Chick-fil-A is Beating Every Other Fast-Food Chain
Chick-fil-A is dominating fast food. The company generates more revenue per restaurant than any other fast-food chain in the
U.S., according to QSR magazine. Chick-fil-A’s average sales per restaurant in 2015 were $3.9 million. Its fried-chicken competitor
KFC sold about one million dollars per restaurant that year. The sub chain Jason’s Deli ranked a distant second with $2.7 million
in per-restaurant sales, followed by Whataburger and McDonald’s, each with $2.5 million in per-restaurant sales.
So, what is the secret to Chick-fil-A’s success? Per a new study from QSR and research firm SeeLevelHX, Chick-fil-A has the
best drive-thru service of any of its competitors. The chain scored the highest marks on employee politeness at the drive-thru,
according to the study, which compiled data from 2,000 visits to 15 fast-food chains. The chain also had the second-highest rate
of accuracy at the drive-thru. Chick-fil-A got orders right 95 percent of the time, which made it second only to Carl’s Jr.’s accuracy
rate of 97%.
Founded 1946
Type Private
Founder S. Truett Cathy
Revenue $6 Billion (2015)
Number of Locations 2,000+ (2015)
Headquarters Atlanta, Georgia, U.S
Website www.Chick-fil-A.com

Chick-fil-A in the news
This is America’s Favorite Fast Food Restaurant
By Kathryn Vasel, CNN Money
When it comes to America’s favorite fast food, chicken reigns supreme. Chick-
fil-A is the highest ranking fast food restaurant in the country for customer
satisfaction, according to the American Customer Satisfaction Index Restau-
rant Report 2016.
The Georgia-based chicken chain took home the top spot by a wide margin
with 87 points on a scale of 100. The family-owned company has been ex-
panding across the country and is currently in 43 states and Washington, D.C.,
and had more than six billion dollars in sales last year.
At a time when restaurants are testing out new menu items in an effort to draw
in more customers (kale, anyone?), Chick-fil-A has been sticking to its roots.
“They have a pretty limited selection of offerings and are really focused on
chicken and chicken sandwiches,” said Forrest Morgeson, director of research
at American Customer Satisfaction Index. “They focus on what they do best,
and it does well. ”The company has taken some heat for its politics, but Morg-
eson noted that the survey focuses only on the experience of diners.
In the category of full service restaurants, Cracker Barrel ranked the highest
in the industry, followed by LongHorn Steakhouse and Texas Roadhouse. The
surveys were based on responses from almost 5,000 diners in March.
Here’s how fast food restaurants ranked:
1. Chick-fil-A, 87
2. Papa John’s, 82
3. All Others, 81
3. Little Caesars Pizza, 81
3. Panera Bread, 81
6. Arby’s, 80
6. Dunkin’ Donuts, 80
6. Subway, 80
9. Chipotle Mexican Grill, 78
9. Domino’s, 78
9. KFC, 78
12. Pizza Hut, 77
13. Burger King, 76
13. Wendy’s, 76
15. Starbucks, 75
15. Taco Bell, 75
17. Jack in the Box, 74
18. McDonald’s, 69

parcel overview
location
4401 Pacific Coast Highway
Long Beach, CA 90804
site
The subject property has frontage along Pacific Coast Highway and
the Outer Traffic Circle.
square footage
The building square footage is 4,958-square feet and the lot size is
0.97 acres.
year built
The property’s delivery is May 1, 2017.
traffic counts
Pacific Coast Highway has traffic counts of 57,000 cars per day.

8
lease abstract
initial term
Lease Years Monthly Installment Lease Year Annual Rent
1-10 $17,667 $212,000
11-15 $19,433 $233,200
16-20 $21,377 $256,520
extension term(s)
Lease Years Monthly Installment Lease Year Annual Rent
Option 1
21-25 $23,514 $282,172
Option 2
26-30 $25,866 $310,389
Option 3
31-35 $28,451 $341,428

financial overview
9
annualized operating data
Rent Increases Annual Rent Monthly Rent
Rent Commencement $212,000 $17,667
Year 11 - Year 15 $233,200 $19,433
Year 16 - Year 20 $256,520 $21,377
Option 1: Year 21 - Year 25 $282,172 $23,514
Option 2: Year 26 - Year 30 $310,389 $25,866
Option 3: Year 31 - Year 35 $341,428 $28,452
Base Rent ($3.56/SF) $212,000
NET OPERATING INCOME $212,000
TOTAL RETURN 3.25% / $212,000
pricing
Property Name Chick-fil-A
Property Address 4401 Pacific Coast Highway
Long Beach, CA 90804
Price $6,523,000
Cap Rate 3.25%
Gross Leasable Area 4,958 SF
Year Built Est. May 2017
Lot Size 0.97 Acres (42,417 SF)
tenant summary
Tenant Trade Name Chick-fil-A
Lease Type Fee Simple Ground Lease
Roof and Structure Tenant Responsible
Lease Term 20 Years
Lease Commencement Date 5/01/2017
Rent Commencement Date 5/01/2017
Lease Expiration Date 5/01/2037
Term Remaining on Lease 20 Years
Increases 10% Every 5 Years
Options Three, Five-Year Options

LosAlam
itosCircle
OuterTrafficCircle
site plan
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XimenoWay
ADJACENT WELLS FARGO FOR SALE
*Click Parcel for More Information
Pacific Coast Highway - 57,000
CPD

building elevations
South Elevation
West Elevation East Elevation
North Elevation

524,000+
POPULATION
$79,413
AVG HOUSEHOLD
INCOME
5 YEARPOPULATION GROWTH
2%
demographics within a five-mile radius:
N
Lakewood Boulevard - 35,500
CPD
E Pacific Coast Highway - 42,000 CPD
Hathaway Avenue
ELosCoyotesDiagonal-30,040CPD
E Pacific Coast Highway - 57,000 CPD
E Atherton St - 20,500 CPD
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Long Beach

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Chick-fil-A

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Chick-fil-A

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long beach, ca
Three Long Beach Marinas
Shore, Rainbow, and Alamitos Bay - have been recertified as
“Clean Marinas” by the Clean Marina Program.
In 2012, the City of Long Beach was designated a Silver-Level
Walk Friendly Community for walkability initiatives and pro-
grams.
Long Beach Toyota Grand Prix is one of the most exciting annu-
al events in Long Beach. Immensely popular across the nation,
the Grand Prix attracts more than 200,000 visitors to the city
each year.
Long Beach Museum of Art is a community based organization
that connects and cares for a permanent art collection. The mu-
seum welcomes more than 100,000 visitors each year.
Home to 12,000 ocean animals in nearly 50 habitats and ex-
hibits, the Aquarium of the Pacific takes visitors on a journey
through the three main regions of the Pacific Ocean.
Rainbow Harbor
Toyota Grand Prix
Long Beach Convention and Entertainment Center is a
224,000-square-foot exhibit hall, with 83,000-square feet of
meeting room space, and a ballroom that comfortably seats
1,600. The complex also includes a 13,600-seat arena and the
elegant Long Beach Performing Arts Center.
Respected as one of the grandest ocean liners in the world, the
Queen Mary is now a full-service Long Beach hotel, historical
landmark, and entertainment venue. The Queen Mary gives vis-
itors a unique glimpse into a bygone era when steamships were
the most regal way to travel.
The Port of Long Beach moves more than $150 billion a year
in trade.
Nationally, Long Beach has been named a Top 10 Social Media
City two years in a row.
The Long Beach Police Department established LB COPS, one
of the first real time crime analysis systems to connect databas-
es to live camera feeds.
The City is the largest municipality in California to reward resi-
dents for recycling.
The Bicyle Master Plan serves as a planning document that is
used to guide future improvement to the City of Long Beach
bicycle network, so that Long Beach can become a model com-
munity. Bike Long Beach helps residents and visitors navigate
the bike friendly City of Long Beach.
Queen Mary

terrace eateries
recent sales
PROPERTY NAME &
ADDRESS SALES PRICE CAP RATE LOT SIZE
YEAR
BUILT
CLOSE OF
ESCROW COMMENTS
Subject Property:
Chick-fil-A
4401 Pacific Coast Hwy
Long Beach, CA
$6,523,000 3.25% 0.97 Acres 2017 N/A
This Chick-fil-A has a rare 20-year ground lease with three, five-year options. This is the first time the property has been
offered for sale in 115 years.
McDonald’s
22200 Sherman Way
Canoga Park, CA
$4,150,000 3.28% 0.72 Acres N/A 11/08/2016
This McDonald’s closed on November 8, 2016 for $4,150,000 (3.28% cap). There were 18 years remaining on the initial
term with eight, five-year options to extend. The lease featured 8% rent increases every five years throughout the initial
term as well as the eight, five-year options. The property sat on Sherman Way with traffic counts of 22,408 VPD. Within a
three mile radius there are 204,312 people with an average Household income of $88,436.
Chick-fil-A
805 Dawsonville Highway
Gainesville (Atlanta), GA
$2,300,000 3.91% 1.19 Acres N/A 1/19/2017
This Chick-fil-A closed on January 19, 2017 for $2,300,000 (3.91% cap). There was a brand new 15-year ground lease
with eight, five-year options. The lease featured a 7.5% rent increase in year 11 and each of the eight, five-year options.
This was a relocation store from a site that had been in operation for over 19 years. This property sat on Dawsonville Hwy.
with traffic counts of 22,007 VPD. Within a three mile radius there are 38,265 people with an average household income
of $56,608.
Chick-fil-A
1101 East University Ave
Las Cruces, NM
$2,125,000 4.00% 0.46 Acres 2016 9/1/2016
This Chick-fil-A closed on September 1, 2016 for $2,125,000 (4% cap). There were 13.5 years remaining on the initial
term with eight, five-year options. The lease featured 10% rent increases every five years during both the initial term
and the option periods. This property is across the street from the campus of New Mexico State University Las Cruces
(19,000 students). The subject property sat on University Ave, with traffic counts of 28,600 VPD. Within a three mile
radius there are 58,089 people with an average household income of $48,294.
Chick-fil-A
112 Merchant Street
Winchester, VA
$3,000,000 4.13% 1.36 Acres 2008 6/1/2016
This Chick-fil-A closed on June 1, 2016 for $3,000,000 (4.13% cap). There were 12.5 remaining on the initial 20-year
ground lease with three, five -year options to extend. The lease featured 10% rent increases every five years throughout
both the initial term and the three, five-year options. This property was an outparcel to a Target & Lowe’s anchored center
with multiple national tenants including McDonald’s. This property sat on Martinsburg Pike (11,328 VPD). Within a three
mile radius there are 25,490 people with a median Household income of $44,150.
Average Cap Rate 3.83%
20

on market
PROPERTY NAME & ADDRESS SALES PRICE CAP RATE YEAR BUILT COMMENTS
Subject Property:
Chick-fil-A
Long Beach, CA
$6,523,000 3.25% 2017
This Chick-fil-A has a rare 20-year ground lease with three, five-year options. This is the first time the
property has been offered for sale in 115 years.
Chick-fil-A
1452 Mendocino Ave
Santa Rosa, CA
$4,400,000 3.00% 2013
This Chick-fil-A is currently on the market for $4,400,00 (3.0% cap) There are 16.5 years remaining
on the initial term with seven, five-year options to extend. The lease features 10% rent increases every
five years throughout the primary term as well as the seven, five-year options. The site is right across
the street from Santa Rosa Junior College (22,094 students). The subject property sits on Mendocino
Avenue with traffic counts of 28,927 VPD. The population within a three mile radius is 117,459 people
with an average Household income of $68,564.
Chick-fil-A
23971 El Toro Road
Laguna Hills, CA 92673
$6,571,000 3.50 2016
The Asset features brand new 2016 construction, a 15-year ground lease, five, five-year options, and
healthy 10 percent rental increases every five years. Nearly 300,000 residents earning an average
household income exceeding $117,000 live within a five-mile radius.
Chick-fil-A
13720 East Freeway
Houston, TX
$2,266,666 3.75% 2017
This Chick-fil-A is currently on the market for $2,266,666 (3.75% cap). There is a new 15-year lease
in place with eight, five-year options to extend. The lease features 10% rent increases throughout the
initial term as well as the eight, five-year options. The site is located just off of the Interstate 10, which
has traffic counts of 168,000 VPD. The population within a three-mile radius is 97,543, with a median
household income of $43,735.
22

under contract
23
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 X0080756
PROPERTY NAME & ADDRESS SALES PRICE CAP RATE YEAR BUILT COMMENTS
Subject Property:
Chick-fil-A
Long Beach, CA
$6,523,000 3.25% 2017
This Chick-fil-A has a rare 20-year ground lease with three, five-year options. This is the first time the property has been
offered for sale in 115 years.
Chick-fil-A
354 West Army Trail
Bloomingdale, IL
$2,941,000 4.25% 1955
Renovated: 2015
This Chick-fil-A is currently under contract for $2,941,00 (4.25% cap). There are 14 years remaining on the initial term
with seven, five-year options to extend. The lease features 10% rent increases every five years throughout both the initial
term and the seven, five-year options. The subject property sits on W. Army Trail Rd. with traffic counts of 45,800 VPD.
Within a three mile radius there are 108,430 people with a median household income of $70,297.
Chick-fil-A
305 University Boulevard
Round Rock (Austin MSA), TX
$4,285,714 3.50% 2016
This Chick-fil-A is currently under contract for 4,285,714 (3.50% cap). There is a brand new 15-year lease in place with
eight, five-year options to extend. The lease features 10% rent increases every 5 years throughout the initial term as well
as the eight, five-year options. This site is across the street from the 636,788 SF Round Rock Premium shopping outlet.
The subject property sits on University Boulevard with traffic counts of 34,117 VPD. The population within a 3-mile radius
is 43,649 people with an average Household income of $89,241.

1 MILE
3 MILES
5 MILES
3025
Subject Property
1 MILE 3 MILES 5 MILES
2016 Population 33,617 261,499 524,637
2016 Households 14,025 102,480 197,966
2016 Average Household Size 2.34 2.49 2.60
2016 Daytime Population 13,242 83,664 183,540
2016 Owner Occupied Housing Units 32.09% 37.31% 46.45%
2016 Renter Occupied Housing Units 67.91% 62.69% 53.66%
2016 Vacant 1.83% 2.80% 2.96%
2016 Median Household Income $50,690 $49,782 $53,128
2014 Per Capita Income $30,440 $30,491 $30,257
2016 Average Household Income $71,717 $76,827 $79,413

26
Demographic data © 2016 by Experian/Applied Geographic
5-mile radius of property
population
In 2016, the population in the area was 524,637. The population has changed by
2.80% since 2000. It is estimated that the population in the area will be 528,259
five years from now, which represents a change of 0.69% from the current year.
The current population is 48.63% male and 51.36% female. The median age of
the population in the area is 36.0, compared to the entire U.S. average of 37.3. The
population density in the area is 6,679.27 people per square mile.
households
There are currently 197,966 households in the area. The number of households
has changed by 4.73% since 2000. It is estimated that the number of households
in the area will be 200,288 five years from now, which represents a change
of 1.17% from the current year. The average household size in the area is 2.60
persons.
income
In 2016, the median household income in the area was $53,128, compared to
the entire U.S. average of currently $51,972. The median household income for
the area has changed by 26.71% since 2000. It is estimated that the median
household income in the area will be $63,075 five years from now, which
represents a change of 18.72% from the current year.
The current year per capita income in this area is $30,256, compared to the entire
U.S. average of $28,599. The current year average household income in this area
is $79,413, compared to the entire U.S. average, which is $74,533.
race & ethnicity
The current year racial makeup of this area is as follows: 51.92% White, 10.87% Black,
0.82% Native American and 13.53% Asian/Pacific Islander. The U.S: 71.60% White,
12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.
People of Hispanic origin are counted independently of race. People of Hispanic origin
make up 35.79% of the current year population in this area,compared to the U.S average
of 17.13%.
housing
In 2000, there were 89,555 owner occupied housing units and 99,463 renter occupied
housing units in the area. The median rent at the time was $604.
employment
In 2016, there were 183,539 employees in the area, which is also known as the daytime
population. The 2000 Census revealed that 64.55% of employees are employed in
white-collar occupations in this geography, and 35.38% are employed in blue-collar
occupations. In 2016, unemployment in this area was 9.31%. In 2000, the average time
traveled to work was 30.4 minutes.

PRESENTED BY
Kevin Boeve
Senior Vice President Investments
ONTARIO OFFICE
Tel: (909) 456-3450
kevin.boeve@marcusmillichap.com
Pablo Rodriguez
Senior Associate
ONTARIO OFFICE
Tel: (909) 456-7032
pablo.rodriguez@marcusmillichap.com
NV License: NV S. 0175422
Kyle Blatt
Associate
ONTARIO OFFICE
Tel: (909) 456-3475
kyle.blatt@marcusmillichap.com

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