corporately guaranteed church s chicken...

CORPORATELY GUARANTEED Church’s Chicken 3801 Southern Blvd. | Rio Rancho, NM 87124

Offering Memorandum

PRESENTED BY ADVISORS:

Clayton King Senior Director

505 263 8531 | [email protected] Jefferson NE | Albuquerque, NM 87109 | www.gotspaceusa.com

505 878 0001

Keith Meyer, CCIM, SIOR Director

505 715 3228 | [email protected]

Representative photo.

LOCATED IN PROVEN RETAIL TRADE AREA

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving from NAI Maestas & Ward and should not be made available to any other person or entity without the written consent of NAI Maestas & Ward. This marketing brochure has been prepared to provide summary, unverified 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.

NAI Maestas & Ward 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 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 marketing brochure has been obtained from sources we believe to be reliable. However, NAI Maestas & Ward has not verified, and will not verify, any of the information contained herein, nor has NAI Maestas & Ward 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.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT A NAI MAESTAS & WARD ADVISOR FOR MORE DETAILS.

Disclaimer

HWY

528

Southern Blvd.

Table ofContents

p.4 Section 1 Property Summary

p.7 Section 2 Tenant Summary

p.9 Section 3 Location Summary

p.14 Section 4 Building Elevations

2nd highest volume

intersection in Rio Rancho

Rio RanchoShopping Center

Retail Redevelopment

54,00

5

23,300

Offering Memorandum | 4

This property is located on a signalized intersection on the most established retail

thoroughfare in Rio Rancho, NM. The property is surrounded by thousands of

households. Area demands include two nationally-branded grocers along with

several other national restaurant users. This property is within a quarter mile

of the highest volume traffic intersection in the city of Rio Rancho. A suburb of

Albuquerque, Rio Rancho is the fastest-growing city in the state of New Mexico.

PropertySummary

Property Description


• High-visible Retail location

• Signalized access off Southern Blvd.

• Established proven retail trade area

• Adjacent to the highest traffic-volume intersection in Rio Rancho

• Across the street from planned redevelopment

• Visible to over 23,000 CPD

• Surrounded by residential housing

• Established thoroughfare

Property Highlights

1 Property Summary

HWY 528

Southern Blvd.


Retail Redevelopment

S I TE

54,005

23,300


SALES PRICE $1,920,000

NET OPERATING $96,000.00

CAP RATE 5.0%

LEASE TERM 15 Years

OPTION TERM Three (3) Five (5) year options

INCREASES 7.5% increase every 5 years

LEASE TYPE Absolute Net

OfferingSummary

Location NWQ of Southern Blvd. & Hwy. 528

Address 3801 Southern Blvd. | Rio Rancho 87124

Legal Description SUBD: PANORAMA HEIGHTS LOT: B-1 BK: 410 PG: 19632

Building Size ±2,200 SF

Land Size ±.5 Acres

Zoning C-1

1 Property Summary

Property Overview

Offering Memorandum | 72TenantSummary

Brand OverviewChurch's Chicken is a US-based chain of fast food restaurants specializing in fried chicken, also trading outside North America as Texas Chicken. Church’s currenlty operates over 1,700 locations in 32 states, two U.S. territories, and 23 foreign countries. The company is headquartered in Sandy Springs (Atlanta), Georgia, and is the fourth-largest chicken restaurant chain behind KFC, Chick-fil-A, and former sister chain Popeyes Chicken & Biscuits. The chain was founded by George Church in 1952 in San Antonio under the original name of Church's Fried Chicken To Go. Initially, the restaurant sold only chicken, but fries and jalapeños were added in 1955. The menu for Church's has since greatly expanded with fried okra, cole slaw, mashed potatoes, corn on the cob, and honey butter biscuits being staples. Also, newer entree choices have emerged, including sandwiches, nuggets, tacos, and a spicy flavor option for the chicken.


Corporate Guaranty – Cajun Global, LLC

Tenant Guaranty

2 Tenant Summary

Offering Memorandum | 93LocationSummary

Rio Rancho, NM OverviewThe City of Rio Rancho is part of the Albuquerque Metropolitan Statistical Area. At only 31-years-old in 2017, Rio Rancho is considered the fastest-growing city in New Mexico. The city is strategically located in the northwest quadrant of the MSA and comprises over 100 square miles of land. The city is just 45 minutes from Santa Fe, the cultural center of the Southwest. Rio Rancho’s adjacency to Albuquerque allows it to draw from the largest labor pool in New Mexico – approximately 400,000 workers. The metro area offers a capable and quality workforce to prospective employers.

Rio Rancho boasts a business-friendly location characterized by low crime rates, an excellent public education system, diverse housing options, and a growing list of quality of life amenities such as new parks, a new main library, a university and community college campus, and an aquatics center. Just north of Rio Rancho is the Hyatt Regency Tamaya Resort and Spa, one of about three destination resorts within the metro area offering first-class spa and lodging for visitors.

The city has a strong existing business climate anchored by Intel Corporation and complemented by the back-office and manufacturing operations of Hewlett-Packard Company, Bank of America, U.S. Cotton, Lectrosonics, Alliance Data, Safelite Auto, Insight Lighting, Stainless Motors, and ClingZ, Inc. The RREDC and the city work together to aggressively attract new business and industry to the community.

City of Rio Rancho

Sunport International

Airport

Albuquerque

Bernalillo

35 mi. drive North to Santa Fe

40

25

40

25

30 Minute D

rive to Sunp

ort


Rio Rancho Why here, why now.

3 Location Summary

ABQ RETAIL REPORT CARD

Rio Rancho by the numbers

City of Rio Rancho Single Family Housing Permits have

by 47% since 2011

Rio Rancho is the FASTEST-GROWING City in NM & the 2nd MOST UNDERSERVED TRADE AREA in ABQ

RETAIL SF (PER SHOPPER PER TRADE AREA)

Southwest Mesa - 9 SF of Retail Rio Rancho - 17 SF of Retail

North Valley - 17 SF of RetailUniversity - 21 SF of RetailDowntown - 23 SF of Retail

Far NE Heights - 30 SF of RetailSE Heights - 30 SF of Retail

NE Heights - 49 SF of of RetailNorth I25 - 133 SF of Retail

Cottonwood - 200 SF of RetailUptown - 638 SF of Retail

STRENGTHSRio Rancho is a business-friendly location

Low crime rates

Excellent public education system

Diverse housing options

Growing list of quality of life amenities

CHALLENGESRio Rancho experiences a significant level of retail leakage into the City of Albuquerque. Approx. $400 Million in leakage

OPPORTUNITIESInvestors can bridge the gap of needs and retail services in Rio Rancho

Number 38 in USA Today’s “America’s 50 Best Cities to Live” (Sept. 2014)

Ranked as one of the “100 best places to live in America” in 2005, ‘06, ‘20, ‘10 and ‘12 by Money MagazineRanked among “The top 100 best places to live & launch a business in the U.S.” by Fortune Small Business Mag (2008)

Rio Rancho “City of Vision”

94,592 MSA Population

$59,035 Median Household Income

34,069 Households

$828,353,542 Total Retail Trade & Food/Drink

2,337 Total Businesses

Largest City in the State

3rd

29,866 Total Employees


3 Location Summary

High Altitude Aerial

Sara Rd.

Southern Blvd.

Golf

Cour

se R

d.

Cabezon Blvd.

19th Ave.

Venezia’s

Fast Bucks

Hilltop Plaza

Southern Plaza Lariat Square

Ben’s Nails

Unse

r Bl

vd.

High Resort Blvd.

Club Rio Rancho

Rio Rancho Sports Complex

Rio Rancho Shopping

SI T

E

Shops @ Unser

528

Lincoln Middle School

INTEL


3 Location Summary

Low Altitude Aerial

2nd highest volume

intersection in Rio Rancho

Southern Blvd.

54,

005

528

23,300

528


Retail RedevelopmentFuture Building Site

S I T E

FUTURE OFFICE/RETAIL DEVELOPMENT

Southern Blvd.

S I T E



3 Location Summary

1, 3 & 5 Mile Demographics

S I TE

1 Mile 3 Mile 5 Mile

Demographic and Income Profile813 Camino del Monte Rey, Santa Fe, New Mexico, 87505 Prepared by EsriRing: 1 mile radius Latitude: 35.66592

Longitude: -105.95720

Summary Census 2010 2016 2021Population 9,208 9,241 9,335Households 4,447 4,538 4,626Families 1,913 1,894 1,897Average Household Size 2.00 1.96 1.95Owner Occupied Housing Units 1,803 1,765 1,805Renter Occupied Housing Units 2,644 2,773 2,821Median Age 43.9 46.8 48.4

Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 0.20% 0.44% 0.84%Households 0.38% 0.41% 0.79%Families 0.03% 0.25% 0.72%Owner HHs 0.45% 0.43% 0.73%Median Household Income 0.70% 1.43% 1.89%

2016 2021 Households by Income Number Percent Number Percent

<$15,000 1,050 23.1% 1,051 22.7%$15,000 - $24,999 700 15.4% 764 16.5%$25,000 - $34,999 416 9.2% 353 7.6%$35,000 - $49,999 636 14.0% 548 11.8%$50,000 - $74,999 741 16.3% 793 17.1%$75,000 - $99,999 361 8.0% 402 8.7%$100,000 - $149,999 339 7.5% 379 8.2%$150,000 - $199,999 158 3.5% 182 3.9%$200,000+ 138 3.0% 154 3.3%

Median Household Income $36,831 $38,142Average Household Income $55,541 $59,654Per Capita Income $28,718 $31,097

Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent

0 - 4 557 6.0% 493 5.3% 477 5.1%5 - 9 428 4.6% 415 4.5% 393 4.2%10 - 14 391 4.2% 373 4.0% 380 4.1%15 - 19 444 4.8% 388 4.2% 373 4.0%20 - 24 544 5.9% 543 5.9% 490 5.2%25 - 34 1,212 13.2% 1,127 12.2% 1,165 12.5%35 - 44 1,161 12.6% 1,094 11.8% 1,075 11.5%45 - 54 1,242 13.5% 1,151 12.5% 1,054 11.3%55 - 64 1,450 15.7% 1,512 16.4% 1,482 15.9%65 - 74 858 9.3% 1,122 12.1% 1,289 13.8%75 - 84 558 6.1% 630 6.8% 744 8.0%

85+ 362 3.9% 392 4.2% 413 4.4%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 7,065 76.7% 7,022 76.0% 7,056 75.6%Black Alone 97 1.1% 119 1.3% 140 1.5%American Indian Alone 251 2.7% 271 2.9% 287 3.1%Asian Alone 96 1.0% 113 1.2% 124 1.3%Pacific Islander Alone 7 0.1% 9 0.1% 10 0.1%Some Other Race Alone 1,296 14.1% 1,289 13.9% 1,286 13.8%Two or More Races 397 4.3% 420 4.5% 433 4.6%

Hispanic Origin (Any Race) 4,850 52.7% 4,871 52.7% 4,974 53.3%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

January 25, 2017

©2016 Esri Page 1 of 6






<$15,000 1,050 23.1% 1,051 22.7%$15,000 - $24,999 700 15.4% 764 16.5%$25,000 - $34,999 416 9.2% 353 7.6%$35,000 - $49,999 636 14.0% 548 11.8%$50,000 - $74,999 741 16.3% 793 17.1%$75,000 - $99,999 361 8.0% 402 8.7%$100,000 - $149,999 339 7.5% 379 8.2%$150,000 - $199,999 158 3.5% 182 3.9%$200,000+ 138 3.0% 154 3.3%



0 - 4 557 6.0% 493 5.3% 477 5.1%5 - 9 428 4.6% 415 4.5% 393 4.2%10 - 14 391 4.2% 373 4.0% 380 4.1%15 - 19 444 4.8% 388 4.2% 373 4.0%20 - 24 544 5.9% 543 5.9% 490 5.2%25 - 34 1,212 13.2% 1,127 12.2% 1,165 12.5%35 - 44 1,161 12.6% 1,094 11.8% 1,075 11.5%45 - 54 1,242 13.5% 1,151 12.5% 1,054 11.3%55 - 64 1,450 15.7% 1,512 16.4% 1,482 15.9%65 - 74 858 9.3% 1,122 12.1% 1,289 13.8%75 - 84 558 6.1% 630 6.8% 744 8.0%

85+ 362 3.9% 392 4.2% 413 4.4%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 7,065 76.7% 7,022 76.0% 7,056 75.6%Black Alone 97 1.1% 119 1.3% 140 1.5%American Indian Alone 251 2.7% 271 2.9% 287 3.1%Asian Alone 96 1.0% 113 1.2% 124 1.3%Pacific Islander Alone 7 0.1% 9 0.1% 10 0.1%Some Other Race Alone 1,296 14.1% 1,289 13.9% 1,286 13.8%Two or More Races 397 4.3% 420 4.5% 433 4.6%



January 25, 2017







<$15,000 3,942 15.1% 3,937 14.7%$15,000 - $24,999 3,024 11.6% 3,352 12.5%$25,000 - $34,999 2,821 10.8% 2,365 8.8%$35,000 - $49,999 3,369 12.9% 2,884 10.8%$50,000 - $74,999 4,678 17.9% 5,025 18.8%$75,000 - $99,999 2,797 10.7% 3,027 11.3%$100,000 - $149,999 2,767 10.6% 3,054 11.4%$150,000 - $199,999 1,158 4.4% 1,344 5.0%$200,000+ 1,562 6.0% 1,764 6.6%



0 - 4 2,372 4.6% 2,232 4.3% 2,238 4.2%5 - 9 2,226 4.3% 2,141 4.1% 2,075 3.9%10 - 14 2,279 4.4% 2,230 4.3% 2,189 4.1%15 - 19 2,408 4.7% 2,285 4.4% 2,220 4.2%20 - 24 2,526 4.9% 2,724 5.2% 2,635 4.9%25 - 34 5,745 11.2% 5,677 10.9% 5,921 11.1%35 - 44 6,140 12.0% 5,835 11.2% 5,737 10.8%45 - 54 7,736 15.1% 6,967 13.3% 6,366 11.9%55 - 64 9,475 18.5% 9,403 18.0% 8,688 16.3%65 - 74 5,630 11.0% 7,544 14.4% 8,833 16.6%75 - 84 3,257 6.4% 3,572 6.8% 4,508 8.5%

85+ 1,447 2.8% 1,666 3.2% 1,875 3.5%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 41,520 81.0% 41,779 79.9% 42,235 79.3%Black Alone 499 1.0% 620 1.2% 735 1.4%American Indian Alone 991 1.9% 1,079 2.1% 1,145 2.1%Asian Alone 649 1.3% 770 1.5% 871 1.6%Pacific Islander Alone 40 0.1% 51 0.1% 60 0.1%Some Other Race Alone 5,704 11.1% 5,981 11.4% 6,151 11.5%Two or More Races 1,838 3.6% 1,998 3.8% 2,088 3.9%



January 25, 2017







<$15,000 5,441 15.0% 5,521 14.7%$15,000 - $24,999 4,358 12.0% 4,892 13.0%$25,000 - $34,999 3,726 10.3% 3,174 8.4%$35,000 - $49,999 4,598 12.7% 4,050 10.8%$50,000 - $74,999 6,212 17.1% 6,775 18.0%$75,000 - $99,999 3,812 10.5% 4,101 10.9%$100,000 - $149,999 3,966 10.9% 4,380 11.6%$150,000 - $199,999 1,616 4.5% 1,903 5.1%$200,000+ 2,493 6.9% 2,831 7.5%



0 - 4 3,792 5.2% 3,742 4.9% 3,845 4.8%5 - 9 3,590 4.9% 3,617 4.7% 3,642 4.6%10 - 14 3,634 5.0% 3,712 4.8% 3,721 4.7%15 - 19 3,724 5.1% 3,755 4.9% 3,736 4.7%20 - 24 3,908 5.4% 4,280 5.6% 4,249 5.3%25 - 34 8,440 11.6% 8,753 11.4% 9,212 11.6%35 - 44 8,979 12.3% 8,786 11.4% 8,788 11.1%45 - 54 10,821 14.8% 10,072 13.1% 9,376 11.8%55 - 64 12,790 17.5% 13,090 17.0% 12,277 15.4%65 - 74 7,649 10.5% 10,380 13.5% 12,401 15.6%75 - 84 4,026 5.5% 4,640 6.0% 6,025 7.6%

85+ 1,673 2.3% 1,951 2.5% 2,251 2.8%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 57,702 79.0% 59,551 77.6% 61,080 76.8%Black Alone 681 0.9% 875 1.1% 1,054 1.3%American Indian Alone 1,426 2.0% 1,613 2.1% 1,754 2.2%Asian Alone 907 1.2% 1,102 1.4% 1,268 1.6%Pacific Islander Alone 56 0.1% 74 0.1% 91 0.1%Some Other Race Alone 9,624 13.2% 10,619 13.8% 11,156 14.0%Two or More Races 2,629 3.6% 2,947 3.8% 3,122 3.9%



January 25, 2017


Offering Memorandum | 144 AVA

ILA

BLE

±2,

000

SF

AVA

ILA

BLE

±3,

000

SF

Total Available:±5,000 SF

Site Drawings

4

Conceptual Site Plan

Conceptual site plan, subject to change.

Southern Blvd. 23,300



Conceptual Elevations

4 Site Drawings

corporately guaranteed church s chicken...

Documents