NNN Investment | Bush's Chicken

Highlights:

• High Traffic at the site provides great exposure and access (49,000 vehicles per day at Bell Road intersection).
• Excellent trade area demographics.
• Strategically located on the hard corner in front of a shopping center anchored by WinCo Foods, PetSmart, and Goodwill.
• Long-term absolute net lease with no landlord responsibilities.

Description:

EXCELLENT TRADE AREA DEMOGRAPHICS
• Population over 136,000 within 3 miles
• Average household income over $66,000 within 3 miles
• Strategically located on the hard corner in front of a shopping
center anchored by WinCo Foods, PetSmart, and Goodwill
• Located in prestigious Moon Valley

3 MILES NORTH OF THUNDERBIRD HIGH SCHOOL
• ~1,500 current enrollment

ABSOLUTE NET LEASE / AT MARKET RENT
• Long-term absolute net lease with no landlord responsibilities
• Fixed rental increases every 5 yrs provide hedge against
inflation
• Brand new construction – building to be delivered July 2017
• Personal guaranty from 17 unit operator with $14M Net Worth

SITUATED 1 MILE EAST OF TURF PARADISE RACETRACK
• 308,331 attendance in 2015
• 650+ employees
• 30% of attendees are from out of state

Tenant Overview:
Bush's Chicken is a fast food restaurant serving fried chicken. The company is headquartered in Waco, Texas and has over 60 corporate and franchise locations in Central, South, and West Texas, with plans to add another 20-25 in fiscal 2016, including its first out-of-state locations in Arizona and Colorado. The first Bush’s Chicken was opened in 1996 in Waco, Texas by Keith Bush. Hammock Partners LLC bought out Bush’s Chicken in 2006 and moved its headquarters to Austin. It remained there until 2015, when a group called Bush’s Chicken United, which includes The Bush’s, Waco businessmen Gordon Robinson and Clifton Robinson and real estate developerTodd Scott, bought it back and returned its home base to Waco.

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