Boeve Investment Services of Marcus & Millichap is pleased to exclusively represent a Wienerschnitzel in Midland, TX.

1. Top 30 Store in System | High Performing Tenant |
New Construction | Prime NNN Asset
5313 Loop 250 Frontage Road, Midland, Texas 79707
VIEWPROPERTYVIDEO
Actual Location

2. Lead Agent
Kevin Boeve
Senior Vice President Investments
ONTARIO OFFICE
Tel: (909) 456-3450
kevin.boeve@marcusmillichap.com
CA License: 01247016
Neil Naran
Associate
ONTARIO OFFICE
Tel: (909) 456-3476
neil.naran@marcusmillichap.com
CA License: 02025512
Presented By
Timothy Speck
Broker of Record
DALLAS OFFICE
Tel: (972) 755-5200
timothy.speck@marcusmillichap.com
CA License: 0432723

3. Financial Review

4. 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 Y0080194
2
Financial Overview
annualized operating data
Lease Year Annual Rent Monthly Rent
Years 1-5 $132,000 $11,000
Years 6-10 $145,200 $12,100
Years 11-15 $159,720 $13,310
Years 16-20 $175,692 $16,105
Option 1: Years 21-25 $193,261 $16,105
Option 2: Years 26-30 $212,587 $17,715
Option 3: Years 31-35 $233,846 $19,487
Option 4: Years 36-40 $257,230 $21,435
Option 5: Years 41-45 $282,953 $23,579
Option 6: Years 46-50 $311,243 $25,937
Net Operating Income $132,000
pricing
Property Name Wienerschnitzel
Property Address 5313 Loop 250 Frontage Road
Midland, Texas 79707
Price $2,400,000
Cap Rate 5.50%
Approximate Building Square Footage 2,155 SF
Year Built 2016
Approximate Lot Size 0.64 Acre
tenant summary
Tenant Trade Name Wienerschnitzel
Lease Commencement Upon Close of Escrow
Lease Expiration 20 Years Thereafter
Original Term 20-Year Lease
Option Term Six, Five-Year Options
Increases 10 Percent Per Option Period
Guarantee Personal
Lease Type Triple-Net (NNN)
Landlord Responsibilities None
Lease Term Remaining 20 Years Left
The asset will be delivered free and clear of debt and is offered as an all cash transaction.
Multiple financing options are available. Contact the listing team to discuss.
Lease terms could change based on offer and buyer profile. Please contact listing team to discuss.

5. Property Description

6. Brand New Long-Term Lease | 20-Year Initial Term With Six, Five-Year Options
Highest Sales Opening Store in Wienerschnitzel History
Experienced Operator With Exclusive Experience Operating Wienerschnitzel | 12 Units With 20
Being Constructed Over the Next Five Years
Fee Simple Absolute Triple-Net Lease | Land and Building Lease | Investor Able to Depreciate Asset
Franchisee Ranked in Top 10% Operators in System
Top 30 Store in System | Strong Sales History | Profitable Unit
1 Mile 3 Miles 5 Miles
2017 Population 16,513 72,620 117,327
2017 Households 6,792 29,180 45,301
2017 Average Household Income $87,712 $92,680 $89,302
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 Y0080194
3
HighlightsDemographics

7. 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 Y0080663
4
Founded in 1961 by John Galardi with a single 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.
Founded in 1962 (55 Years Ago)
Revenue of $249.3 Million in 2017
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
Higher Profit Margin vs. Traditional Quick-Service Restaurant
The Recipe for SuccessWienerschnitzel
Headquarters Irvine, California
Website www.wienerschnitzel.com

8. 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 Y0080194
2
Texas State Highway Loop 250 - 55,300 Cars Per Day
- 94 Rooms -
Abell Junior
HIGH SCHOOL
- 1,012 Students -

9. 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 Y0080194
7
- 94 Rooms -
Abell Junior
HIGH SCHOOL
- 1,012 Students -
- 74 Rooms -
Texas State Highway Loop 250 - 55,300 Cars Per Day
Robert E. Lee
HIGH SCHOOL
- 2,145 Students -
- 118 Rooms -
- 98 Rooms -
- 157 Rooms -
- 93 Rooms -
- 100 Rooms -
- 67 Rooms -
- 97 Rooms -
MIDLAND AIRPARK
Midland, TX: The Oil Business Hub
Population of 155,000 | Second Fastest-Growing Small City in the United States (Forbes)
In 2016, Drillers Found 20 Billion Barrels of Oil, Undiscovered, in the City
Region Positioned for Explosive Growth
Trinity
SCHOOL
- 608 Students -
Parker
ELEMENTARY SCHOOL
- 558 Students -
Midland Park Mall
Midland College
- 6,350+ Students -

10. 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 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.

11. Presented By
Lead Agent
Kevin Boeve
Senior Vice President Investments
ONTARIO OFFICE
Tel: (909) 456-3450
kevin.boeve@marcusmillichap.com
CA License: 01247016
Neil Naran
Associate
ONTARIO OFFICE
Tel: (909) 456-3476
neil.naran@marcusmillichap.com
CA License: 02025512
Timothy Speck
Broker of Record
DALLAS OFFICE
Tel: (972) 755-5200
timothy.speck@marcusmillichap.com
CA License: 0432723