DOG HAUS RESTAURANT & BEER GARDEN 20-YEAR ABS. NET (NNN)
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NEW ORLEANS MSA – NASA FACILITY
Dog Haus Restaurant & Beer Garden
INCLUDES BEER GARDEN PATIO
Gourmet Hot Dogs, Burgers,
Sausages, & Local Brews UNDER CONSTRUCTION
Representative Photo
DOG HAUS RESTAURANT & BEER GARDEN 20-YEAR ABS. NET (NNN)
1340 Lindberg Dr, Slidell (New Orleans MSA), Louisiana 70458 Ben-Moshe Brothers
1
OFFERING MEMORANDUM
E XC LU S IV E LY L I S T E D BY:
Ben-Moshe Brothers
OF MARCUS & MILLICHAP
www.CapRates.com
ROEE BEN-MOSHE MICHAL BEN-MOSHE LEEOR BEN-MOSHE
Miami Office Miami Office Miami Office
(786) 522-7083 (786) 522-7083 (786) 522-7059
Rbenmoshe@marcusmillichap.com Rbenmoshe@marcusmillichap.com Lbenmoshe@marcusmillichap.com
DOG HAUS RESTAURANT & BEER GARDEN 20-YEAR ABS. NET (NNN)
1340 Lindberg Dr, Slidell (New Orleans MSA), Louisiana 70458 Ben-Moshe Brothers
2
OFFERING MEMORANDUM
CONFIDENTIALITY & DISCLAIMER STATEMENT
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus &
Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. 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. 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, PCB's 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, 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.
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s
logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any
agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to
prospective customers.
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.
DOG HAUS RESTAURANT & BEER GARDEN 20-YEAR ABS. NET (NNN)
1340 Lindberg Dr, Slidell (New Orleans MSA), Louisiana 70458 Ben-Moshe Brothers
3
OFFERING MEMORANDUM
OFFERING INCLUDES
PRICING & FINANCIAL ANALYSIS
Investment Highlights
Executive Summary
COMPANY OVERVIEW
TENANT OVERVIEW
PROPERTY OVERVIEW
Aerial Maps
LOCATION OVERVIEW
City Overview
Economic Overview
Demographic Analysis
Ben-Moshe Brothers
4
100% ALL-NATURAL
VEGETARIAN FED
HORMONE FREE
ANTIBIOTIC FREE
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 5
DOG HAUS RESTAURANT & BEER GARDEN 20-YEAR ABS. NET (NNN)
1340 Lindberg Dr, Slidell (New Orleans MSA), Louisiana 70458
Ben-Moshe Brothers
6
• BRAND NEW CONSTRUCTION
• BRAND NEW 20-YEAR LEASE
• ABSOLUTE TRIPLE-NET
• ZERO LANDLORD RESPONSIBILITIES
• 2% ANNUAL BUMPS
• $20M PERSONAL GUARANTY INCLUDED
• FRANCHISEE WITH A 200 STORE PIPELINE
• OVER $74,000 AVERAGE HOUSEHOLD INCOME - 1 MILE RADIUS
• HEALTHY HOUSEHOLD GROWTH SINCE 2000
• HEALTHY POPULATION INCREASE SINCE 2000
• MINUTES FROM OCHSNER MEDICAL CENTER
• MAIN RETAIL CORRIDOR (HOME DEPOT, WALMART, LOWES)
• LOCATED CONVENIENTLY OFF INTERSTATE 10
• NASA MICHOUD ASSEMBLY FACILITY NEARBY
• SINGLE-TENANT NET-LEASED ASSET
Marcus & Millichap is pleased to offer this Dog Haus property paired
with an absolute net 20-Year lease with zero landlord responsibilities.
Dog Haus is a craft-casual hot dog concept known for its gourmet
takes on hot dogs, sausages and burgers; premium shakes and soft-
serve ice cream; and a beer program that spotlights local brews.
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535
RENT SCHEDULE ANNUAL RENT MONTHLY RENT CAP RATE
LIST PRICE $3,500,800 YEAR 1 $236,304.00 $19,692.03 6.75%
CAP RATE 6.75% YEAR 2 $241,030.47 $20,085.87 6.89%
YEAR 3 $245,851.18 $20,487.59 7.02%
YEAR 4 $250,768.11 $20,897.34 7.16%
INCREASES 2% Annual
YEAR 5 $255,783.47 $21,315.29 7.31%
LEASE TERM 20 Years
YEAR 6 $260,899.14 $21,741.59 7.45%
OPTIONS Three 5-Year Options
Approx. 1 Acre YEAR 7 $266,117.12 $22,176.43 7.60%
LOT SIZE
5,489 SF YEAR 8 $271,439.46 $22,619.96 7.75%
BUILDING SIZE
2018 YEAR 9 $276,868.25 $23,072.35 7.91%
YEAR BUILT
Fee Simple YEAR 10 $282,405.62 $23,533.80 8.07%
TYPE OF OWNERSHIP
GUARANTY Franchisee YEAR 11 $288,053.73 $24,004.48 8.23%
YEAR 12 $293,814.80 $24,484.57 8.39%
YEAR 13 $299,691.10 $24,974.26 8.56%
YEAR 14 $305,684.92 $25,473.74 8.73%
YEAR 15 $311,798.62 $25,983.22 8.91%
YEAR 16 $318,034.59 $26,502.88 9.08%
YEAR 17 $324,395.28 $27,032.94 9.27%
YEAR 18 $330,883.19 $27,573.60 9.45%
YEAR 19 $337,500.85 $28,125.07 9.64%
YEAR 20 $344,250.87 $28,687.57 9.83%
NET OPERATING INCOME $236,304
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 8
CAP
Concept City State Guarantor/Operator Yrs Rem. NOI Listed Price
Listed
1 Dog Haus Beer Garden Slidell LA Goalz, LLC 20 $236,304 $3,500,800 6.75%
On Market 2 Dog Haus Beer Garden Decatur IL Goalz, LLC 20 $270,000 $3,999,999 6.75%
3 Dog Haus Beer Garden Georgetown KY Goalz, LLC 20 $248,600 $3,700,000 6.75%
CAP
Concept City State Guarantor/Operator Yrs Rem. NOI Listed Price
Listed
Under Contract 1 Dog Haus Beer Garden Rockville IL Goalz, LLC 20 $270,000 $3,999,999 6.75%
CAP
Concept City State Guarantor/Operator Yrs Rem. NOI Listed Price
SOLD
Sold 1 Dog Haus Beer Garden Murfreesboro TN Goalz, LLC 20 $206,409 $3,250,000 6.90%
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 9
Dog Haus’s Opening Across the Country Other Dog Haus’sUnder Construction 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, Ben-Moshe Brothers 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. © 2018 Marcus & Millichap Activity ID Z0390535 10
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, Ben-Moshe Brothers 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. © 2018 Marcus & Millichap Activity ID Z0390535 11
DOG HAUS RESTAURANT & BEER GARDEN 20-YEAR ABS. NET (NNN)
1340 Lindberg Dr, Slidell (New Orleans MSA), Louisiana 70458
Ben-Moshe Brothers
12Photo Taken During Grand Opening at:
WOODLAND HILLS, CALIFORNIA
August 12, 2014
Dog Haus is a craft-casual hot dog concept known for its fun environment combined with gourmet takes DATA AS OF JUNE 2018:
on hot dogs, sausages and burgers; premium shakes and soft-serve ice cream; and a beer program that
spotlights local brews. OWNERSHIP PRIVATE
Founded by partners Hagop Giragossian, Quasim Riaz and André Vener, three friends who share a passion FOUNDED 2010
for creativity, quality and commitment to community, the first Dog Haus opened in Pasadena, CA in 2010. NUMBER OF EXISTING LOCATIONS 32
The fast-casual concept has since garnered critical acclaim and national attention for its signature all beef
Haus Dogs and hand crafted Haus Sausages, as well as the 100% genetically tested, humanely raised Black
NUMBER OF STATES LOCATED IN 9
Angus beef using no hormones and no antibiotics. Guests can choose from signature, one-of-kind Haus LOCATIONS COMING SOON 9
creations or customize their own from a wide array of unique toppings. We’ve put our energies towards CONFIRMED EXPANSION 300
creating a concept that brings guests back for more and creates unbelievably positive word of mouth. Our
concept resonated with what people want to eat, as well as the kind of experience they want when eating HEADQUARTERED PASADENA, CALIFORNIA
a casual meal with family and friends. Our Haus is your home. WEBSITE WWW.DOGHAUS.COM
Dog Haus currently has 26 stores open in 9 states with confirmed expansion of more than 300
franchise locations in AL, AZ, CA, CO, FL, GA, IL, KY, LA, MD, MI, NV, NY, OH, PA, TX, TN, UT &
WY.
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 13 Dog Haus is Presently Operating in 9 States
32 Open Locations and Expanding into 19 States
Approx. 300 Stores in Pipeline
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 14Dog Haus recently landed in QSR magazine’s Tier 1 in their 40/40 list (40 brands with under 40
locations) cementing itself as a contender in the fast casual market.
Better-burger concepts populate much of the fast casual 2.0 space. The same cannot be The better-dog experience is cemented by its system-wide craft beer program
said for sister cuisine hot dogs, which at best play a supporting role in premium burger (ABC licenses are still pending at some locations). Like many fast casual 2.0s,
restaurants. André Vener, Hagop Giragossian, and Quasim Riaz took note of this Dog Haus is fighting for later dayparts.
disparity, and in 2010 the partners opened the first Dog Haus in Pasadena, California.
Within the first six months, the store had become profitable, and growth has been “We do 51 percent lunch [and] 49 percent dinner, so we have made sure we
compounding ever since. don’t lose that night-time crowd,” Vener says. “There are certain things like
pizza that you could have for lunch and dinner, and there are other businesses
By store No. 3, the partners decided to franchise, convinced by the high volume of like sandwiches where they do great for lunchtime, but no one’s going … at
inquiries from operators outside the state and the pressure from other growing hot-dog nighttime—that just doesn’t make sense.” Last fall, American Development
concepts. They made a point of working with owners who were on the ground in new Partners bought the rights to open more than 300 new stores in 12 states over
territories and already had portfolios of one to six concepts with anywhere from 10 to 100 the next seven years, and before that deal, Dog Haus had already sold 150
stores. While many fast casual 2.0 brands opt to keep things in-house with infusions of units across nine states. The brand is on track to open 40 more stores before
venture capital driving corporate store growth, Vener points out that Dog Haus has zero the year is out and to double that amount in 2018.
loans, zero partners, and no credit-card debt because of its franchise system.
“It’s a niche market that we’re in. I believe we have some great brand
Hot dogs have long been a mainstay of concession stands, and even some chains like awareness that at least the franchisees out there are paying attention to,” Vener
Wienerschnitzel have cornered the market in quick service, but Dog Haus’ fare raises says. “We don’t buy ads for selling territories, we don’t buy lists, and we don’t
the bar to a near gourmet level. Celebrity chef Adam Gertler serves as würstmacher, have any sales force that goes out to sell this. It’s all people coming to us. As
creating hog dogs and sausages with a variety of meats, including beef, turkey, Polish time goes, it will happen naturally.”
kielbasa, spicy Italian sausage, and Thai currywurst.
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 15“The ingredient quality is amazing. We have
“My new favorite place to hang out great food, tried just about everything between us and
by the way excellent customer service as well.” have been happy with every item. Service is
fast and friendly and the prices are great.”
“I've been here twice in the past month, and it “Awesome food creations that are out of this world
seems that the feelings have rekindled. Add on tasty. We drove over an hour to get here and it was
one of many draft beer options, and that makes well worth it! We will be returning and bringing
for one solid dinner for me! During happy hour, friends. We had the hang over burger, the
it's $2 off beers and wells. And bites for only a downtown hotdog. Cheese tater tots, a corn dog
few dollars. Seating is available indoors and and a vanilla shake. Everything was delicious!”
outdoors, as are televisions that are typically
showing sports games. Nothing to not like
about this place!”
16PREMIUM SHAKES
AND BEER PROGRAM
THAT SPOTLIGHTS
LOCAL BREWS 17DOG HAUS RESTAURANT & BEER GARDEN 20-YEAR ABS. NET (NNN)
1340 Lindberg Dr, Slidell (New Orleans MSA), Louisiana 70458
Ben-Moshe Brothers
18Goalz Restaurant Group was formed by four restaurant industry veterans: Shawn Eby, Steve
Piascik, and Wade Lancaster. The company is designed to help those elite restaurant operators
reach their goals of becoming an owner and operator in a business that they love.
Goalz Restaurant Group currently operates three Church’s Chicken locations and two Dog
Haus’s and scheduled to open 265 restaurants across ten states, (NC, SC, GA, FL, LA, OH, CO,
WY, KY, IL) and has additional plans to grow further. Currently the three brands that Goalz will
franchise are Captain D’s, Church’s Chicken and Dog Haus.
Why the name Goalz?
Goalz was founded by Shawn Eby (CEO). Shawn started setting work and personal goals at the
beginning stages of his career. He now has a goal setting class that he has taught to thousands
of individuals. Shawn has always said “without goals you have no direction and without
direction you go nowhere”. When it came to thinking of not just a name but what we want to
be known for Shawn thought about his career and how he wanted this to be a company that
truly cares about the employees and their families. He thought about his goal setting class and
teaching people about Goals Boards and to go after your dreams.
Goalz financial success is measured by hitting the numbers within the budgeted P&L and by
turnover percent. When employees feel like they are being treated fairly and developed
correctly they give exceptional service and want to help you grow your brand. When they are
not, they leave! Each region has a Vice President of Operations that takes full
operational responsibility for that specific region and has an ownership percentage
in each location within that region that GOALZ opens.
FOR MORE INFORMATION PLEASE VISIT WWW.GOALZLLC.COM
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 19Shawn Eby – Chief Executive Officer
Shawn has over 30 years’ experience in the restaurant industry and has worked with some of the
nation’s finest fast food companies (Arby’s, Dairy Queen, Burger King, & Taco John’s). He credits his
success thru driving profits, expansion, and sales growth to my people-first approach to leadership.
Whether working with colleagues on strategic plans, working alongside our front-line staff during a
site visit, or delivering on our promises to our customers, he makes sure that people are central to all
that we do. This is what has helped him to create Goalz Restaurant Group, LLC as he has a vast
network of top talented operators across the country with similar beliefs and philosophies that want
to be part of something remarkable!
Shawn is proud to say that he started at the ground level as a morning maintenance person and
through hard work, dedication, strong beliefs in goal setting, morals, and people development; he has
grown to an executive level. One aspect of Shawn’s leadership style that brings him the greatest
satisfaction is building and maintaining relationships with all aspects of an organization from the team
member level to the franchisee.
Shawn Eby- Goalz CEO
Stephen Piascik – Chief Financial Officer
Piascik brings more than 28 years of financial expertise with a focus in complex accounting and tax
consulting. Steve founded PIASCIK, a boutique tax and financial firm, where he provides expert
financial advice regarding high-level issues to an array of clients including restaurants, financial
institutions, real estate, publicly traded, and international companies. Prior to founding his firm, Steve
served as a senior tax manager for international accounting firm KPMG LLP, where he managed
finances for technology and emerging growth companies. Piascik earned a bachelor’s in business
administration from Bloomsburg University and a master’s in taxation from Virginia Commonwealth
University.
Wade T. Lancaster – Vice President Operations
Wade T. Lancaster has over 17 years restaurant experience and holds a Major from New Mexico State
University. In 2000 he decided to accept a Restaurant Manager position at a Bennigan’s restaurant. It
was clear from very early on that a career in restaurants was inevitable. He became a General
Manager in 2005. After serving as a GM at Craftworks Restaurants Inc. (Denver ChopHouse; Rock
Steve Piascik- Goalz CFO
Bottom) and Wyoming’s Rib and Chop House (Finally Restaurant Group) he has successfully reached
the ranks of District Operator, and was overseeing multiple units with total sales in excess of 10
million annually under multiple concepts.
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 20100% ALL-NATURAL
VEGETARIAN FED
HORMONE FREE
ANTIBIOTIC FREE
21DOG HAUS RESTAURANT & BEER GARDEN 20-YEAR ABS. NET (NNN)
1340 Lindberg Dr, Slidell (New Orleans MSA), Louisiana 70458
Ben-Moshe Brothers
22This 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, Ben-Moshe Brothers 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. © 2018 Marcus & Millichap Activity ID Z0390535 23
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, Ben-Moshe Brothers 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. © 2018 Marcus & Millichap Activity ID Z0390535 24
25
DOG HAUS RESTAURANT & BEER GARDEN 20-YEAR ABS. NET (NNN)
1340 Lindberg Dr, Slidell (New Orleans MSA), Louisiana 70458
Ben-Moshe Brothers
26NEW ORLEANS
OVERVIEW
The New Orleans-Metairie metro is situated on the lower
METRO HIGHLIGHTS
Mississippi River Delta in Southern Louisiana, where the
ESTABLISHED TRANSPORTATION INFRASTRUCTURE
Mississippi River drains into the Gulf of Mexico. The metro
Interstates, air and rail service and the Port of New Orleans
contains eight parishes, each centered around the city of
strategically connect the metro to the national and global economy.
New Orleans. These consist of Orleans, St. James, St. John
the Baptist, Plaquemines, St. Charles, St. Bernard, ROBUST TOURISM INDUSTRY
Jefferson and St. Tammany parishes. The area occupies The metro is a popular tourist destination. Approximately 10 million
both the east and west banks of the Mississippi, housing people visit New Orleans annually, spending over $7 billion.
1.3 million residents.
DISTINCT CULTURAL HERITAGE
New Orleans offers residents one of the most unique and celebrated
local cultures in the United States.
ECONOMY
The region benefits from its proximity to the Gulf of Mexico, the seafood industry and maritime
commerce. Today it is one of the busiest hubs in the world for distribution and transportation of
waterborne cargo.
A petrochemical and oil-refining industry provides a major source of both jobs and economic
stimulus to the region, including white-collar positions in the energy sector and related industries.
New Orleans’ most celebrated economic sector is tourism, which provides 15 percent of all jobs.
Large employers include Harrah’s New Orleans Casino.
Major employers are heavily concentrated in the government and education and health services
sectors, including Louisiana State University Health, Tulane University, University of New
Orleans and North Oaks Health System.
DEMOGRAPHICS
2017 2017 2017 2017 MEDIAN
POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME:
1.3M 493K 37.7 $47,100
Growth Growth U.S. Median: U.S. Median:
2017-2022*: 2017-2022*:
-0.6% 1.1% 37.8 $56,300
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 27Slidell, LA 70458 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, Ben-Moshe Brothers 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. © 2018 Marcus & Millichap Activity ID Z0390535 28
Slidell is the largest city situated on the northeast shore of Lake Pontchartrain and St. Tammany Parish, Louisiana,
United States. It is part of the New Orleans−Metairie−Kenner Metropolitan Statistical Area. Sildell is about three
miles from the north shore of Lake Pontchartrain and is surrounded by rivers and bayous. POPULATION 28,013
DENSITY 1,887.29/SQ MI
Slidell was founded on the north shore of Lake Pontchartrain in 1882 and 1883 during construction of the New
Orleans and Northeastern Railroad (N.O.N.E.). The N.O.N.E. line connected New Orleans to Meridian, Mississippi. COUNTY ST. TAMMANY
The town was named in honor of American politician and Confederate ambassador to France John Slidell, father- TIME ZONE CST (UTC-6)
in-law of real estate developer Baron Frederic Emile d'Erlanger and officially chartered by the Louisiana State ESTABLISHED 1882
Legislature in 1888. Around 1910, Slidell began a period of economic and industrial growth. A large creosote plant AREA CODES 985
was built, and Slidell became home to the Fritz Salmen Brickyard, a major producer of bricks later named St. Joe MAYOR FREDDY DRENNAN
Brick. A lumber mill and shipyard were also built. Today, Slidell continues to deal with urban planning and growth.
WEBSITE MYSLIDELL.COM
According to the 2010 US Census, 27,068 people, 10,050 households, and 7,145 families live in the city.
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 29POPULATION 3 Miles 4 Miles 5 Miles HOUSEHOLDS BY EXPENDITURE 3 Miles 4 Miles 5 Miles
2022 Projection Total Average Household Retail
$57,006 $57,054 $57,723
Expenditure
Total Population 56,134 69,903 79,441 Consumer Expenditure Top 10
2017 Estimate Categories
Total Population 56,323 70,182 79,658 Housing $14,403 $14,397 $14,526
2010 Census Transportation $10,725 $10,777 $10,965
Total Population 53,417 66,621 75,581 Shelter $7,297 $7,301 $7,370
2000 Census Food $6,415 $6,416 $6,494
Total Population 48,816 60,342 69,390 Personal Insurance and Pensions $4,973 $4,975 $5,075
Current Daytime Population Health Care $4,407 $4,386 $4,435
2017 Estimate 55,296 64,284 70,172 Utilities $3,987 $3,982 $4,011
HOUSEHOLDS 3 Miles 4 Miles 5 Miles Entertainment $2,525 $2,540 $2,586
2022 Projection Cash Contributions $1,529 $1,521 $1,538
Household Furnishings and
Total Households 20,675 25,806 29,823 $1,432 $1,431 $1,448
Equipment
2017 Estimate POPULATION PROFILE 3 Miles 4 Miles 5 Miles
Total Households 20,327 25,374 29,286 Population By Age
Average (Mean) Household Size 2.72 2.71 2.68 2017 Estimate Total Population 56,323 70,182 79,658
2010 Census Under 20 27.17% 27.11% 26.50%
Total Households 19,379 24,212 27,911 20 to 34 Years 19.11% 19.10% 19.02%
2000 Census 35 to 39 Years 6.50% 6.55% 6.51%
Total Households 17,303 21,474 25,127 40 to 49 Years 12.85% 12.86% 12.77%
Occupied Units 50 to 64 Years 20.01% 20.21% 20.73%
2022 Projection 20,675 25,806 29,823 Age 65+ 14.34% 14.16% 14.44%
2017 Estimate 21,704 27,208 31,583 Median Age 37.84 37.87 38.41
HOUSEHOLDS BY INCOME 3 Miles 4 Miles 5 Miles Population 25+ by Education Level
2017 Estimate 2017 Estimate Population Age 25+ 37,444 46,730 53,575
$150,000 or More 8.66% 9.01% 9.59% Elementary (0-8) 3.24% 3.19% 3.09%
$100,000 - $149,000 14.47% 14.72% 15.25% Some High School (9-11) 8.46% 8.58% 8.64%
$75,000 - $99,999 13.97% 13.56% 13.55% High School Graduate (12) 29.43% 29.91% 30.04%
$50,000 - $74,999 19.59% 19.35% 19.10% Some College (13-15) 26.35% 26.18% 25.94%
$35,000 - $49,999 12.73% 12.50% 12.21% Associate Degree Only 7.13% 7.07% 7.11%
Under $35,000 30.55% 30.87% 30.29% Bachelors Degree Only 16.56% 16.40% 16.35%
Average Household Income $75,964 $76,750 $78,620 Graduate Degree 8.09% 7.96% 8.08%
Median Household Income $59,045 $59,012 $60,089
Per Capita Income $27,502 $27,829 $28,976
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 30Population Race and Ethnicity
In 2017, the population in your selected geography is 56,323. The The current year racial makeup of your selected area is as follows:
population has changed by 15.38% since 2000. The current population 71.21% White, 20.92% Black, 0.05% Native American and 2.14%
is 48.42% male and 51.58% female. The median age of the population Asian/Pacific Islander. Compare these to US averages which are:
in your area is 37.84, compare this to the US average which is 37.83. 70.42% White, 12.85% Black, 0.19% Native American and 5.53%
The population density in your area is 1,993.31 people per square Asian/Pacific Islander. People of Hispanic origin are counted
mile. independently of race.
People of Hispanic origin make up 6.84% of the current year
population in your selected area. Compare this to the US average of
Households 17.88%.
There are currently 20,327 households in your selected geography.
The number of households has changed by 17.48% since 2000. It is
estimated that the number of households in your area will be 20,675 Housing
five years from now, which represents a change of 1.71% from the
current year. The average household size in your area is 2.72 The median housing value in your area was $172,906 in 2017,
persons. compare this to the US average of $193,953. In 2000, there were
13,493 owner occupied housing units in your area and there were
3,810 renter occupied housing units in your area. The median rent at
the time was $508.
Income
In 2017, the median household income for your selected geography is
$59,045, compare this to the US average which is currently $56,286.
The median household income for your area has changed by 25.43%
since 2000. It is estimated that the median household income in your Employment
area will be $67,846 five years from now, which represents a change
In 2017, there are 26,375 employees in your selected area, this is also
of 14.91% from the current year.
known as the daytime population. The 2000 Census revealed that
63.67% of employees are employed in white-collar occupations in this
The current year per capita income in your area is $27,502, compare
geography, and 35.81% are employed in blue-collar occupations. In
this to the US average, which is $30,982. The current year average
2017, unemployment in this area is 5.77%. In 2000, the average time
household income in your area is $75,964, compare this to the US
traveled to work was 31.00 minutes.
average which is $81,217.
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 31100% ALL-NATURAL
VEGETARIAN FED
HORMONE FREE
ANTIBIOTIC FREE
32BEER PROGRAM
THAT SPOTLIGHTS
LOCAL BREWS
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, Ben-Moshe Brothers
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. © 2018 Marcus & Millichap Activity ID Z0390535 33E XC LU S IV E LY L I S T E D BY:
Ben-Moshe Brothers
OF MARCUS & MILLICHAP
www.CapRates.com
ROEE BEN-MOSHE MICHAL BEN-MOSHE LEEOR BEN-MOSHE
Miami Office Miami Office Miami Office
(786) 522-7083 (786) 522-7083 (786) 522-7059
Rbenmoshe@marcusmillichap.com Rbenmoshe@marcusmillichap.com Lbenmoshe@marcusmillichap.com
DOG HAUS RESTAURANT & BEER GARDEN 20-YEAR ABS. NET (NNN)
1340 Lindberg Dr, Slidell (New Orleans MSA), Louisiana 70458 Ben-Moshe Brothers
34
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