04-05: Taco Bell, Jack in the Box, Pier 1 Imports, Walgreens, Carl's Jr. Rite Aid

The Ten Fastest-Growing Restaurant Chains with Sales Over $200 Million

Ranked by Percentage Increase in Sales in 2011 vs. 2010

Rank	Chain	U.S. Sales ($MM)	% Sales Change	% Unit Change
1	Five Guys Burgers and Fries	$951	32.8%	24.7%
2	Chipotle Mexican Grill	2,261	23.4	13.0
3	Jimmy John's Gourmet Sandwich Shop	895	21.8	17.1
4	Yard House	262	21.5	20.7
5	Firehouse Subs	285	21.1	19.0
6	BJ's Restaurant & Brewhouse	621	20.9	12.7
7	Buffalo Wild Wings Grill & Bar	2,045	20.1	11.6
8	Raising Cane's Chicken Fingers	206	18.2	24.0
9	Noodles & Company	300	14.9	11.4
10	Wingstop	382	14.7	3.4
Total		$8,207	22.1	15.1%

Source: Technomic

1.  Free-standing Retail Buildings in Santa Clara, CA: 4900 SF consisting of two retail buildings in prime commercial corridor in high income Silicon Valley. 100% leased to Taco Bell (NYSE: YUM) with a corp ground lease & All Star Auto Glass: with 30 locations throughout CA. NOI $162K/yr. $3M. 5.43% cap. Note: no flyer, full offering memorandum upon request. 
2. Jack in the Box in Lynwood, CA: 1908 SF drive-thru fast food restaurant on .20 ac lot in a densely populated area with nearly 1M residents within 5 miles. 100% NNN leased with 6 yrs left. NOI $61K/yr. $1.068M. 5.75% cap.  
3. Retail Center in Rockwall, TX: 10,316 SF well-maintained retail center on 1.46 ac lot in a high growth (51% since 2000) & high income (AHI $88K/yr) Dallas suburb. 87% NNN leased to three stable tenants: Trevino’s Mexican Restaurant (18+ yrs), Comet Dry Cleaners (15+ yrs) and Regions Bank (9+ yrs). Only one vacant unit. Current NOI $172K/yr. $2.25M. 7.66% cap (9.07% pro forma).  
4. Shopping Center in Reno, NV: 36,619 SF inline shopping center built in 1987 on over 3 acres lot.  Anchored by 10,542 SF Pier 1 Imports and shadow anchored by Whole Foods market, Office Max, Macy’s Home Store and Sierra Trading.  Across from Meadowood Mall and near Hwy-395. 100% NNN leased. NOI $710K/yr. $7.225M. 9.83% cap. Buyer to assume $3.7M fully-amortizes loan at low 5.91% interest rate.  
5. Pier 1 Imports in York, PA: 9945 SF single-tenant retail building constructed in 1992 next to Memorial Hospital Hawk Lake development. Close to West Manchester Mall and next to Hwy-30. 100% absolute NNN lease with 1 yr left (lease renewal possible). NOI $176K/yr. $1.75M. 10.09% cap.  
6. Walgreen’s (S&P A) in Jacksonville, FL: 15,070 SF Walgreens built in 1999 on 1.72 ac lot close to Jacksonville University at a signalized intersection. 100% NNN- leased with 7 yrs left. NOI $302K/yr. $3.871M. 7.80% cap.  
7. Retail Building in Temecula, CA: 7700 SF retail building constructed in 2001 on .90 ac adjacent to The Promenade in Temecula Mall with Macy’s, Sears and JCPenney. Excellent demographics: high growth, high income area. 100% leased to 3 tenants including CitiBank, Loveboat Sushi. NOI $216K/yr. $3.09M. 7% cap.  
8. Carl’s Jr. in Laredo, TX: 3913 SF restaurant built in 2005 across from Doctors Hospital. In booming (238%) and well-off (AHI $104K/yr in 3 mile) area. 100% NNN lease with 8 yrs left to an experienced franchisee. NOI $85K/yr. $1.133M. 7.5% cap. 
9. Rite Aid in Rochester, NY: 13,604 SF Rite Aid built in 1998 close to The Mall at Greece Ridge and Hwy-152. 100% NNN lease till 2028. NOI $552K/yr. $6.5M. 8.5% cap. 
10. Shopping Center in Palmdale, CA: 28,546 SF shopping center close to Hwy-14 exit in fast growing city in Los Angeles. 100% leased. NOI $370K/yr. $3.8M. 9.75% cap.

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