Offering Memorandum

DENNY'S6000 N Interstate 35 • San Antonio, TX 78218

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe 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 RealEstate Investment Services, Inc. ("Marcus & Millichap") and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This MarketingBrochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. Theinformation 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 thefinancial 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 MarketingBrochure 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 hasMarcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the informationprovided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real EstateInvestment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

THE TEXAS REAL ESTATE COMMISSION (TREC) REGULATES REAL ESTATE BROKERS AND SALES AGENTS, REAL ESTATE INSPECTORS,HOME WARRANTY COMPANIES,EASEMENT AND RIGHT-OF-WAY AGENTS AND TIMESHARE INTEREST PROVIDERS. YOU CAN FIND MORE INFORMATION AND CHECK THE STATUS OF A LICENSE HOLDER ATWWW.TREC.TEXAS.GOV. YOU CAN SEND A COMPLAINT AGAINST A LICENSE HOLDER TO TREC. A COMPLAINT FORM IS AVAILABLE ON THE TREC WEBSITE. TREC ADMINISTERSTWO RECOVERY FUNDS WHICH MAY BE USED TO SATISFY A CIVIL COURT JUDGMENT AGAINST A BROKER, SALES AGENT, REAL ESTATE INSPECTOR, OR EASEMENT OR RIGHT-OF-WAY AGENT, IF CERTAIN REQUIREMENTS ARE MET. IF YOU HAVE QUESTIONS OR ISSUES ABOUT THE ACTIVITIES OF A LICENSE HOLDER, THE COMPLAINT PROCESS OR THERECOVERY FUNDS, PLEASE VISIT THE WEBSITE OR CONTACT TREC AT:

TEXAS REAL ESTATE COMMISSIONP.O. BOX 12188AUSTIN, TEXAS 78711-2188(512) 936-3000

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporations logo or nameis 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, orcommercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

DENNY'SSan Antonio, TXACT ID Z0060383

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N E T L E A S E D D I S C L A I M E R

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 willnot 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 beforecompleting 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 performanceof 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 toyour 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 legaland 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 nota guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set basedon 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 anyguarantors 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 inwhole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conductinghis/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 areplacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potentialreplacement 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.

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INFORMATION ABOUT BROKERAGE SERVICESTexas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS:• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):• Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material information about the property or transaction received by the broker;• Answer the client’s questions and present any offer to or counter-offer from the client; and• Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or propertymanagement agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction knownby the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agentmust perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosedto the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The writtenagreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:

• Must treat all parties to the transaction impartially and fairly;• May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to,

and carry out the instructions of each party to the transaction.• Must not, unless specifically authorized in writing to do so by the party, disclose:

that the owner will accept a price less than the written asking price; that the buyer/tenant will pay a price greater than the price submitted in a written offer; and any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not representthe buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Pleaseacknowledge receipt of this notice below and retain a copy for your records.

Information available at www.trec.texas.govRegulated by the Texas Real Estate CommissionIABS 1-0

11-2-2015

Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date4

OFFERING SUMMARY

Price $700,000

Net Operating Income $42,000

Capitalization Rate – Current 6.00%

Price / SF $132.53

Rent / SF $7.95

Lease Type NNN

Gross Leasable Area 5,282 SF

Year Built / Renovated 1975

Lot Size 0.85 acre(s)

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EXECUTIVE SUMMARY

OFFERING SUMMARY

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FINANCING

Loan Amount $0

Loan Type Financed - New Loan

Loan to Value 0.00%

Down Payment 100% / $700,000

Net Cash Flow After Debt Service 6.00% / $42,000

Total Return 0.00% / $0

DENNY'S

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DENNY'S

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OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES *

Cabana Bevco LLC 5,012

AT&T Services Inc 1,560

Iheartmedia 1,500

Gca Services Group Inc 1,465

Mailtrust 1,408

Whataburger 1,361

Luther King Capital MGT Corp 1,246

United States Dept of Army 1,174

Region 8 1,083

Northeast Baptist Hospital 1,001

US Army Academy Health Science 900

Tng GP 786

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2017 Estimate Pop 7,476 91,541 231,355

2010 Census Pop 6,980 83,433 212,171

2017 Estimate HH 2,711 33,252 85,433

2010 Census HH 2,567 30,723 79,124

Median HH Income $36,415 $45,188 $48,762

Per Capita Income $17,304 $23,738 $26,799

Average HH Income $47,500 $64,384 $71,430

* # of Employees based on 5 mile radius

DENNY'S

OFFERING SUMMARY

Freeway Location Just Off the Hard Corner Next to 7-Eleven with Cross-Easement

Includes Freeway Sign Pylon

HEB Distribution Center and Support Center is the Major Traffic Generator

5,282 Square-Foot Building on .85 Acre

Daytime Population

Traffic Counts

INVESTMENT HIGHLIGHTS

The subject property is a 5,282 square-foot building on .85 acres in San Antonio, Texas. The property sits just off the corner of Highway 410 and Rittiman Road next to a

7-Eleven with shared access. An H.E.B. Distribution Center and H.E.B Support Center are two of the main traffic generators to the intersection. The daytime population is

125,000 within a three-mile radius and 313,830 within a five-mile radius.

INVESTMENT OVERVIEW

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12

TENANT PROFILES

DENNY'S

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Den-Tex Central, Inc.

Starting with a single store 80 miles east of Phoenix, AZ, in 1984, President and CEO Dawn

Lafreeda has built Den-Tex Central Inc. into a 75-location chain in Texas, Kansas, Missouri,

Oklahoma, Arkansas and Illinois.

General Information

Tenant Name Den-Tex Central, Inc.

Website www.dennys.com

Headquartered San Antonio, Texas

Rentable Square Feet 5,282 SF

Percentage of RBA 100.00%

Lease Expiration 1/31/2020

No. of Locations 75

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CLOSE PROXIMITY TO:

6000 N Interstate 35, San Antonio, TX 78218

.85 Acre Lot Shared Cross-Easement with 7-Eleven Freeway Visibility and Signage H.E.B. Distribution Area

The subject property 5,282 square-footfreestanding single-tenant property on .85 Acreand leased to a local Denny's Franchisee inSan Antonio, Texas with less than two yearsremaining.

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAMEDENNY'S

PRICING AND VALUATION MATRIX

PROPERTY NAMEDENNY'S

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LOCATION OVERVIEW

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6000 N Interstate 35, San Antonio, TX 78218

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAMEDENNY'S

PRICING AND VALUATION MATRIX

PROPERTY NAMEDENNY'S

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REGIONAL AND LOCAL MAP

AERIAL PHOTO

DENNY'S

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PROPERTY SUMMARY

OFFERING SUMMARY

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NOTES

DENNY'S

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OFFERING SUMMARY

MARCUS & MILLICHAP CAPITAL CORPORATION CAPABILITIESMMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and terms.

We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of financing options.

Our dedicated, knowledgeable experts understand the challenges of financingand work tirelessly to resolve all potential issues to the benefit of our clients.

National platform operating

within the firm’s brokerage

offices

$5.63 billion total national

volume in 2017

Access to more capital sources than any other firm in the industry

Optimum financing solutions to enhance value

Our ability to enhance buyer pool by expanding finance options

Our ability to enhance seller control

• Through buyer qualification support

• Our ability to manage buyers finance expectations

• Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings

• By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file

WHY MMCC?

Closed 1,707 debt and equity

financings in 2017

ACQUISITION FINANCING

DENNY'S

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NATIONAL NET-LEASED RETAIL REPORT

FALL 2017

Economic momentum remains in place as tight labor markets contribute to steady growth. Driven

by consistent job gains and the lowest unemployment rate since the early 2000s, retail sales remain on

an upward trajectory. The steady recovery in the labor market has been dominated by advancement in

office-using sectors, which combined for more than 734,000 new jobs over the last year, representing

the strongest overall sector in the economy. As a result, household formation expanded meaningfully,

creating demand for a broad array of retail products, particularly in the durable goods sector. The

momentum has also spilled over into building supplies retailers as the new households remodel existing

single-family homes amid a shortage of new construction. Looking forward to the remainder of 2017,

extremely low unemployment will begin to feed into greater gains in average hourly earnings, which rose

2.5 percent in August. Increases in spending power will likely be deployed as the savings rate has

shrunk over the past few years, reflecting growing confidence among consumers.

Job growth remains steady, with gains averaging 174,000 positions per month over the past year. As

a result, the unemployment rate fell to 4.4 percent, the lowest level since 2001.

The formation of nearly 1.5 million households this year will drive demand in a number of retail

categories, particularly durable goods such as furniture and building materials.

Core retail sales advanced 3.3 percent year over year in July, highlighting the strength of consumers.

Lead growth categories include e-commerce, building materials and garden supplies, and furniture

and home furnishings.

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Job Growth, Household Formation Powering Retail;Investors Remain Active Amid Stable Rate Environment

DENNY'S

NATIONAL NET-LEASED RETAIL REPORT

FALL 2017

Stabilization of interest rates supporting net-lease market; concern for 1031-exchange revisions

remain unanswered. Following the sharp move in interest rates last year, the tight range of long-term

interest rates in 2017 has provided a more normalized transaction environment. Spurred by the limited

use of leverage in the asset class, buyers have remained focused on properties in quality locations

backed by strong nationally accredited tenants. Looking ahead, legislative changes from Capitol Hill

remain in flux, although further clarity on regulatory and tax code changes could spark greater urgency

among investors to transact before or after the changes are implemented. The most acute issue under

discussion is the status of the section 1031 tax-deferred exchange. Driven by investor’s desire to shift

their portfolios towards less management intensive assets, 1031-exchange volumes make up a

considerable portion of the net-lease marketplace. In 2017, exchange-related buyers encompassing

more than 40 percent of transaction volumes. As a result, the status of this tax provision moving

forward will remain a major driver of deal flow and investment demand.

Average asking rents have risen 4.3 percent over the past year, reaching $20.21 per square foot

nationwide at the end of the second quarter. Average prices per square foot have now exceeded the

previous high set in the first quarter of 2008.

Net-leased development remains the key driver of overall retail construction, accounting for more

than 46 million square feet of the 60.4 million square feet delivered over the past year. Single-tenant

construction has averaged 45 million square feet over the past three years.

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DENNY'S

* Through 2Q2017

NATIONAL NET-LEASED RETAIL REPORT

FALL 2017

Uncertainty remains around future of 1031 exchange in potential tax changes; muted effects on

pricing and deal flow. Amid rumors and speculation about potential changes to tax and regulatory

policy out of Congress, investors and developers alike are contemplating the future of the 1031

exchange. Amid the extensive use of this provision in net-leased deals, the potential elimination of this

statute could have a substantial impact on deal flow as investors adjust to the new tax code. While the

speculation has been a constant source of discussion among investors, the issue has had little effect on

pricing, with infill assets with top-tier tenants pricing from the low-4 percent band.

The potential for tax code changes, coupled with increasing competition among net-leased

concepts, is generating a longer, more intensive due diligence period as investors exercise more

caution.

Initial plans have called for a lowering of the corporate tax rate while simultaneously trimming

individual tax rates. The deductions in revenue would be slightly offset by eliminating deductions,

although details and concrete plans remain in flux.

Upward pressure remains on interest rates amid policy normalization from the Federal Reserve.

The Federal Reserve recently announced the first steps toward normalizing its balance sheet, which

expanded to more than $4.4 trillion in the wake of the financial crisis. Initial plans call for allowing $10

billion in Treasurys and agency securities to roll off the balance sheet per month, increasing by $10

billion every quarter to a maximum of $50 billion per month. As a result, upward pressure on interest

rates is likely as the market adjusts to less liquidity.

The spread between the 10-Year Treasury and the average single-tenant cap rate is roughly 380

basis points, resting between the widest point at 560 basis points reached in 2011 and the

narrowest point at 215 basis points registered in 2006.

The Federal Reserve has also signaled additional rate hikes over the course of the next year, with

one rate hike slated for 2017 and four increases in 2018.

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* Through August 2017** Through September 26, 2017

DENNY'S

NATIONAL NET-LEASED RETAIL REPORT

FALL 2017

Developers focused on net-lease properties amid labor market strength and extremely low

unemployment. Throughout the current business cycle, builders have been constructing projects

favoring single-tenant concepts, particularly in the quick-service restaurant, pharmacy and dollar-store

segments. Broadly, net-leased deliveries have accounted for more than 80 percent of retail

development since 2009, up from below 70 percent before the recession. Despite the upswing of net-

leased deliveries, demand for spaces remains well ahead of supply growth, with net absorption

exceeding development by an average of more than 16 million square feet annually since 2010. As a

result, vacancy has fallen 250 basis points to 4.7 percent nationwide.

Retail sales remain constructive for net-leased development, with core retail sales rising 3.7 percent

in August on a year-over-year basis. Growth was particularly strong in the furniture and building

materials sectors, rising 5.4 percent and 7.5 percent, respectively.

Following months of discussions with regulators and numerous deal iterations, Walgreens has

agreed to purchase 1,932 Rite Aid stores for $4.4 billion. The deal will leave Rite Aid operating

roughly 2,600 locations after the deal closes.

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DENNY'S

*** Forecast

NATIONAL NET-LEASED RETAIL REPORT

FALL 2017

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Cap rates shown above are representative of deals that closed between 1Q2016 and 2Q2017. Actual yields will vary by location, tenant, lease terms and other considerations. Locations and credit ratings sourced from CreditNtell for public companies and lcompany websites for private companies.

* For transactions closed in 2016Sources: CoStar Group, Inc.; CreditNtell; company sources

Brand Credit Rating Locations

Auto Parts

Bridgestone/Firestone A 1,600

O'Reilly Auto Parts BBB+ 4,712

AutoZone BBB 5,839

Advance Auto Parts BBB- 5,185

Pep Boys BB+ 804

Dollar Stores

Dollar General BBB 13,205

Dollar Tree / Family Dollar BB+ 14,284

General Retail

Wal-Mart AA 11,593

Sherwin-Williams A 4,180

AT&T BBB+ 16,000

Verizon Wireless BBB+ 2,330

Mattress Firm B+ 3,482

Office Depot/Max B- 1,441

Pharmacies

CVS BBB+ 9,987

Walgreens BBB 8,185

Rite Aid B 4,547

Quick Service Restaurants

Dairy Queen AA 4,800

Starbucks A- 25,085

Chipotle BBB+ 2,250

McDonald's BBB+ 36,899

Yum Brands BB 43,085

Burger King B+ 20,351

Wendy's B 6,503

Carl's Jr./Hardee's B- 3,000

Fast Casual

Chili's BBB- 1,652

Darden Restaurants BBB- 1,541

Red Lobster BBB- 700

Bloomin’ Brands BB 1,270

Applebee's B 2,033

Ruby Tuesday B- 546

NATIONAL SINGLE-TENANT OUTLOOK

DENNY'S

Capital Markets Recent Marcus & Millichap Transactions

NATIONAL NET-LEASED RETAIL REPORT

FALL 2017

Monetary policy in transition. Despite the Fed raising its benchmark short-term

rate three times in seven months and signaling another rise before the end of the

year, long-term rates have remained stable. The yield on the 10-year U.S. Treasury

bond remained in the low- to mid-2 percent range throughout the second quarter

of 2017. The Federal Reserve wants to normalize monetary policy and, in addition

to rate hikes, will likely start paring its balance sheet.

Sound economy a balancing act for Fed. With unemployment hovering in the

low-4 percent range, the lowest level since 2007, the Federal Reserve will remain

vigilant regarding a possible rapid increase in inflation if wage growth takes off.

Additionally, business confidence and job openings are near all-time highs.

Businesses finally have the assurance to expand their footprints after years of tepid

growth following the Great Recession. The Fed, however, must now balance

economic growth and job creation against wage growth and inflationary pressures.

Underwriting discipline persists; ample debt capital remains. Overall, leverage

on acquisition loans has continued to reflect disciplined underwriting, with LTVs

typically ranging from 60 percent to 70 percent for most retail properties. At the

end of 2016, the combination of increasing rates, conservative lender underwriting

and fiscal policy uncertainty encouraged some investor caution that slowed deal

flow, a trend that has extended into 2017. A potential easing of regulations on

financial institutions, though, could liberate additional lending capacity and

nominally higher interest rates may also encourage additional lenders to

participate.

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Property Name City, State Sales Price Price perSq. Ft. Cap Rate

LA Fitness Rock Hill, SC $9,559,375 $251.56 6.4%

CVS Belton, TX $7,337,000 $543.04 1.7%

Walgreens Clinton, CT $6,272,727 $459.54 5.5%

Tractor Supply Co. Royse City, TX $4,338,725 $197.84 6.2%

Outback Steakhouse

Lubbock, TX $3,782,000 $611.68 5.1%

Bojangles Lumberton, NC $3,200,000 $845.00 6.2%

Dollar General Marco Island, FL $2,767,272 $369.51 5.5%

Chick-Fil-A Valrico, FL $2,275,000 $457.65 4.4%

O'Reilly Auto Parts Redding, CA $2,175,000 $362.50 5.2%

Starbucks Suwanee, GA $2,144,533 $1,115.78 5.3%

Family Dollar Elizabeth, NJ $2,083,333 $245.10 6.0%

Whataburger Fort Worth, TX $2,075,000 $579.12 4.5%

Burger King Castle Rock, CO $1,866,000 $77.89 5.3%

Sherwin Williams Chesapeake, VA $1,663,700 $415.93 5.7%

The Vitamin Shoppe Mansfield, OH $1,650,000 $403.42 9.9%

Circle K Phoenix, AZ $1,428,500 $475.22 6.0%

KFC Elizabeth, NJ $1,400,000 $700.00 5.4%

Applebee's Fort Worth, TX $1,250,000 $233.73 9.2%

7-Eleven Tampa, FL $1,236,000 $547.63 5.5%

Dollar General Hebron, IL $1,225,000 $134.62 7.0%

Pizza Hut Austin, TX $1,200,000 $619.20 2.9%

DENNY'S

MARKETING TEAM

Source: © 2015 Experian

PROPERTY NAME

#

CREATED ON JULY 26, 2018

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAMEDENNY'S

PRICING AND VALUATION MATRIX

PROPERTY NAMEDENNY'S

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DEMOGRAPHICS

1 Miles 3 Miles 5 Miles

POPULATION2022 Projection 7,263 94,446 239,303

2017 Estimate 7,476 91,541 231,355

2010 Census 6,980 83,433 212,171

2000 Census 6,856 74,573 188,816

INCOMEAverage $47,500 $64,384 $71,430

Median $36,415 $45,188 $48,762

Per Capita $17,304 $23,738 $26,799

HOUSEHOLDS2022 Projection 2,712 35,092 90,354

2017 Estimate 2,711 33,252 85,433

2010 Census 2,567 30,723 79,124

2000 Census 2,633 28,539 72,351

HOUSING2017 $87,962 $115,250 $133,190

EMPLOYMENT2017 Daytime Population 16,379 120,093 315,830

2017 Unemployment 5.44% 4.14% 4.49%

2017 Median Time Traveled 23 24 24

RACE & ETHNICITYWhite 60.20% 59.97% 60.78%

Native American 0.19% 0.25% 0.25%

African American 16.96% 19.64% 19.94%Asian/Pacific Islander 3.41% 3.20% 2.76%