Beef-a-Roo - Brand New Construction Absolute NNN, Single Tenant QSR
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Beef-a-Roo
18410 Business Hwy 13, Branson West, MO 65737
OFFERING
MEMORANDUM Brand New Construction
Absolute NNN, Single Tenant QSR
REPRESENTATIVE PHOTO
THE BROKER
Beef-a-Roo
This Confidential Offering Memorandum (“Memorandum”) is being delivered subject to the terms of the Confidentiality
Agreement (the “Confidentiality Agreement”) signed by you and constitutes part of the Confidential Information (as
defined in the Confidentiality Agreement). It is being given to you for the sole purpose of evaluating the possible
investment in 18410 Business Hwy 13, Branson West, MO 65737 (the “Project”), and is not to be used for any other purpose
or made available to any other party without the prior written consent of its exclusive broker, Cushman & Wakefield. This
Memorandum was prepared by Cushman & Wakefield based primarily on information supplied by Managing Member. It
contains select information about the Project and the real estate market but does not contain all the information
necessary to evaluate the Project. The financial projections contained herein (or in any other Confidential Information) are
for general reference only. They are based on assumptions relating to the overall economy and local competition, among
other factors. Accordingly, actual results may vary materially from such projections. Various documents have been
summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the
terms or a legal analysis of such documents. While the information contained in this Memorandum and any other
Confidential Information is believed to be reliable, neither Cushman & Wakefield nor Managing Member guarantees its
RYAN GOMEZ accuracy or completeness. Because of the foregoing and since the investment in the Project is being offered on an “As Is,
Managing Director Where Is” basis, a prospective investor or other party authorized by the prospective investor to use such material solely to
facilitate the prospective purchaser’s investigation, must make its independent investigations, projections and
Capital Markets | Net Lease Group
conclusions regarding the investment in the Project without reliance on this Memorandum or any other Confidential
Mobile: 858-822-9811 Information. Although additional Confidential Information, which may include engineering, environmental or other
ryan.gomez@cushwake.com reports, may be provided to qualified parties as the marketing period proceeds, prospective purchasers should seek
CA Lic 01753933 advice from their own attorneys, accountants, engineers and environmental experts. Neither Cushman & Wakefield nor
Managing Member guarantees the accuracy or completeness of the information contained in this Memorandum or any
other Confidential Information provided by Cushman & Wakefield and Managing Member. Managing Member expressly
Listed in Conjunction with reserves the right, at its sole discretion, to reject any offer to invest in the Project or to terminate any negotiations with any
Missouri Broker of Record: party at any time with or without written notice. Managing Member shall have no legal commitment or obligations to any
Brian Brockman prospective investor unless and until a written sale agreement has been fully executed, delivered and approved by
Bang Realty, Inc. Managing Member and any conditions to Managing Member’s obligations thereunder have been satisfied or waived.
MO Lic 2017032771 Managing Member has retained Cushman & Wakefield as its exclusive broker and will be responsible for any commission
due to Cushman & Wakefield in connection with a transaction relating to the Project pursuant to a separate agreement.
Cushman & Wakefield is not authorized to make any representation or agreement on behalf of Managing Member. Each
prospective investor will be responsible for any claims for commissions by any other broker in connection with an
investment in the Project if such claims arise from acts of such prospective investor or its broker. This Memorandum is the
property of Managing Member and all parties approved by Managing Member and may be used only by parties approved
by Managing Member. No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone
except as permitted under the Confidentiality Agreement.
02
TABLE OF CONTENT
INVESTMENT HIGHLIGHTS
PROPERTY OVERVIEW
LEASE SUMMARY
FINANCIAL ANALYSIS
TENANT OVERVIEW
LOCATION OVERVIEW
©Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation,
express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental
or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance. 03
INVESTMENT HIGHLIGHT
Beef-a-Roo Lease Type: Land:
18410 Business Hwy 13 Absolute NNN Lease 1.1 Acres
Branson West, MO 65737 (47,916 SqFt)
Planned Delivery:
2023
04
Brand New Construction
Absolute NNN Lease
20-Year Initial Term with 2%
Annual Increases
Planned Opening Q3 2023
Four 5-Year Options
Excellent Operator with
Historical Sales
05
ST
A (7,
W
PROPERTY OVERVIE
TE 18
HI 1 V
G PD
BU
HW )
Brand New Construction, Planned
A
SI (12
Y
NE ,9
Opening Q3 2023
13
SS 27
HI VP
Directly Across from Walmart
GH D
W )
Supercenter and Adjacent to Walgreens
AY
13
Situated Near Intersection of Two )
PD
Major Corridors, Business Highway 13 6V
19 ,23
6(
(12,927 VPD) and State Highway 76 with AY
7
HW
19,236 VPD E HIG
ST AT
Excellent Visibility on a Hard Corner
Signalized Intersection along Business BU
SI
Highway 13 NE
SS
HI
GH
Several Hotels Within 3-Mile Radius with W
AY
Over 250 Rooms 13
(1
2,
92
Located in the Primary Commercial 7
VP
D)
Center of Stone County, Benefitting
from the Close-Proximity to Table Rock
Lake and Silver Dollar City >3 MILES
PLANNED OPENING
Q3 2023
06
07 REPRESENTATIVE PHOTO
)
STATE HIGHWAY 13 (7,181 VPD
N
BU
SI
N
E
SS
HIGH
WAY 13
PLANNED OPENING
Q3 2023
(1 2 , 9 2
7 VPD
)
81VPD)
STATE HIGHWAY 76 (19,236 VPD)
(7,1
Y 13
WA
IG H
50 ROOMS
TABLE ROCK LAKE
EH
AT
08
ST
>3 MILES
Lease Type
Absolute NNN
Lease Guarantor
Rocinante Equity, Inc., a Texas
Corporation, doing business as
Elysian Capital and Jeffrey Love,
jointly and severally
Rent Commencement Date
October 27, 2022
Lease Expiration Date
October 31, 2042
Term Remaining on Lease
±20 Years
Options
Four 5-Year
Increases
REPRESENTATIVE PHOTO
2% Annual as of November 1, 2023
09LEASE SUMMAR
REPRESENTATIVE PHOTO
RENT
LEASE LEASE ANNUAL RENT
TENANT'S NAME LEASE TYPE AREA INCREASE OPTIONS
FROM TO RENT INCREASE
DATE
Beef-a-Roo ABSOLUTE NNN TBD 10/27/2022 10/31/2042 $264,000 $269,280 11/01/2023 FOUR 5-YEAR
The Guarantor shall be released from the lease on the date which is later:
a) The 10th anniversary of the Effective date of the lease, or 10
b) The last day of the third consecutive month in which Tenant's Rent Coverage Ratio is more or equal to 4.0X.FINANCIAL ANALYSI RENT ROLL
YEAR MONTHLY RENT ANNUAL RENT
NOI
YEAR 1 $22,000 $264,000
YEAR 2 $22,440 $269,280
$264,000
YEAR 3 $22,888 $274,665
YEAR 4 $23,346 $280,158
YEAR 5 $23,813 $285,762
Cap Rate
YEAR 6 $24,289 $291,477
YEAR 7 $24,775 $297,306
7.00%
YEAR 8 $25,271 $303,253
YEAR 9 $25,776 $309,318
YEAR 10 $26,292 $315,504
YEAR 11 $26,817 $321,814
Price
YEAR 12 $27,354 $328,250 $3,771,400
YEAR 13 $27,901 $334,815
YEAR 14 $28,459 $341,512
YEAR 15 $29,028 $348,342
YEAR 16 $29,609 $355,309 Price/ft Land
YEAR 17 $30,201 $362,415 $78.70
YEAR 18 $30,805 $369,663
YEAR 19 $31,421 $377,057
11
YEAR 20 $32,049 $384,598TENANT OVERVIE
Founded in 1967, Beef-a-Roo is a fast-casual restaurant chain with high-quality, made-to-order items
at affordable prices. With headquarters in Roscoe, Illinois, Beef-a-Roo has earned numerous rewards
and was named “Best Regional Fast-Food Chain in Illinois” in 2022 by mashed.com. In 2019, Jeff
Love purchased Beef-a-Roo with plans to expand transforming into a national chain with both
franchised locations and company-owned. NEXT Brands and Development, a strategic manager and
growth accelerator of franchise brands, acquired franchising rights to Beef-a-Roo in 2021. According
to NEXT Brands and Development, there will be progressive growth going from an 8-unit regional
chain to 50 franchise locations in key markets within the next three to five years and opening eighty
corporately owned stores in the next twelve months. They have annual revenue of over $38.2MM and
are looking to expand the brand throughout the Midwest and Southeast markets.
12LOCATION OVERVIE
BRANSON WEST, MISSOURI
Branson West is a city located in Stone County, Missouri, and is part of the Branson Micropolitan Statistical Area. This
area serves as the primary commercial center of Stone County with a total area of 4.49 square miles of land. In 1992
Branson West changed its name from Lakeview in an effort to capitalize on the explosive growth of the tourism
industry in the neighboring city of Branson, Missouri. Branson West is a progressive community with a growing
population that is situated at the intersection of two major corridors, State Highways 13 and 76, and benefits from the
close proximity to Table Rock Lake and Silver Dollar City.
13POPULATION
LOCATION OVERVIE
MILE MILE MILE
2022 Population 236 2,878 8,483
2027 Population Projection 251 3,038 8,932
Annual Growth 2022-2027 1.3% 1.1% 1.1%
Median Age 48.1 50.5 52.8
Bachelor’s Degree or Higher 16% 18% 20%
14HOUSEHOLDS
LOCATION OVERVIE
MILE MILE MILE
2022 Households 97 1,211 3,661
2027 Household Projection 103 1,276 3,849
Annual Growth 2022-2027 1.2% 1.1% 1.0%
Owner Occupied Households 67 891 2,808
Renter Occupied Households 36 385 1,040
Avg Household Size 2.4 2.4 2.3
Avg Household Vehicles 2 2 2
Total Specified Consumer $2.8MM $34.7MM $104.4MM
Spending ($)
15INCOME
LOCATION OVERVIE
MILE MILE MILE
Average Household Income $68,063 $67,344 $67,403
Median Household Income $55,000 $52,943 $52,465
HOUSING
Median Home Value $185,416 $193,477 $193,666
Median Year Built 1997 1994 1992
16RYAN GOMEZ
Managing Director
Capital Markets | Net Lease Group
Mobile: 858-822-9811
ryan.gomez@cushwake.com
CA Lic 01753933
©Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation,
express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental
or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance.You can also read
