CONFIDENTIAL OFFERING

MEMORANDUM

Johnny Carino’s

Italian Grill 3213 MacArthur Drive, Alexandria, LA 71303

Johnny Carino’s Italian Grill is ideally

located in a major retail corridor in

Alexandria, Louisiana.

The Alexandria MSA is found in the

center of Louisiana and boasts a

population in excess of 160,000.

This 6,069-square foot single-tenant

retail building sits on approximately

1.648 acres of land directly off the

main north-south arterial highway.

As a testament to the tenant’s

dedication to this location, the original

lease has been extended by 7 years

with three 5-year extensions—24

years beyond the original term.

EXCLUSIVELY OFFERED BY

Scott Gardner

Sentry Real Estate

(702) 951-2800

Executive Summary

OVERVIEW

Sentry Real Estate is pleased to exclusively offer Johnny Carino’s Italian Grill, a truly exceptional opportunity to purchase

a single-tenant triple-net (NNN) investment in the heart of one of Louisiana’s largest MSAs. Situated on more than 1.6

acres in the heart of Alexandria’s retail district, Johnny Carino’s Italian Grill is well-located along the city’s major north-

south arterial, highway 71.

The tenant is a long-standing Carino’s franchisee/operator that manages various dining concepts and has many years

in the restaurant industry. The tenant is successfully re-branding Johnny Carino’s Italian Grill with a cantina-style

restaurant called Johnny’s Italian American Tavern by Carino’s.

OFFERING SUMMARY

Sales Price $2,200,000 | $362 PSF

NOI $150,000

Cap Rate 6.82%

Gross Leasable Area 6,069 SF

Lot Size 1.648 Acres

Year Built 2003

10-Year IRR 7.09%

Sales-to-Rent Ratio 8.00%

LEASE SUMMARY

Lease Type Absolute Triple-Net

Tenant Alexandria 71, LLC

Original Lease Term 17 Years

Lease Commencement November 2003

Lease Expiration March 2027

Remaining Term 9.5 Years

Lease Options Three 5-Year

Rent Increases 1% Annually

10-Year IRR 7.09%

10-Year NPV of Cash Flows

@ 6.00% $1,149,555

Year Annual Rent Cap Rate

2017 $150,000 6.82%

2018 $151,500 6.89%

2019 $153,015 6.96%

2020 $154,545 7.02%

2021 $156,091 7.10%

2022 $157,652 7.17%

2023 $159,228 7.24%

2024 $160,820 7.31%

2025 $162,429 7.38%

2026 $164,053 7.46%

First Option

2027 $165,693 7.53%

2028 $167,350 7.61%

2029 $169,024 7.68%

2030 $170,714 7.76%

2031 $172,421 7.84%

Financial Analysis

ANNUALIZED OPERATING DATA

The lease currently has a little over nine (9) years remaining with three

(3) 5-year options. Additionally, the lease calls for annual 1% increases

in the rent.

6.40%

6.60%

6.80%

7.00%

7.20%

7.40%

7.60%

$140,000.00

$145,000.00

$150,000.00

$155,000.00

$160,000.00

$165,000.00

$170,000.00

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Rent Cap Rate

Location Overview

HIGHLIGHTS � Located in Dense Retail Trade Corridor

� Traffic counts of 31,000 vehicles per

day

� Within ½ Mile of Many National

Tenants and Regional Mall

� Excellent Access from Interstate 49

� Dense Population in Heart of Louisiana

with Over 50,000 Residents

AREA INFORMATION The Alexandria city limits expand over Rapides

and Grant parishes in the heart of Louisiana.

Alexandria is the principal city in the region and

is the parish seat for Rapides Parish.

The metro area has grown 9.8 percent since

2000, to nearly 55,000 citizens. Over the next

five years, the population of the metro will

increase by 0.5 percent annually.

Major employers in the area include Procter &

Gamble, Louisiana State University, Union

Tank Car Company, PlastiPak, Rapides

Regional Medical Center, and the Alexandria

International Airport (AEX). Sundrop Fuels Inc.

has announced plans to construct a 1,200+ acre

plant just northwest of Alexandria.

Alexandria was rated the 77th best place in

which to conduct business out of the 393 U.S.

cities ranked!

Demographics

CITY FACTS

Due to the construction of a new plant near the city,

it has been projected that Alexandria will see more

than 5% population growth in the next few years.

The primary market drivers of the Alexandria

economy are Government, military, manufacturing,

healthcare, and travel.

The estimated median household income in the

Alexandria MSA has increased by 53% over the past

20 years.

The City of Alexandria is almost the exact geographic

center of the state of Louisiana and is:

� 97 miles from Baton Rouge

� 204 miles from Houston

� 320 miles from Dallas

� 925 miles from Miami

There are approximately 18,000 families with

children in the Alexandria MSA.

Data taken from https://datausa.io/profile/geo/alexandria-la-metro-area/#economy

Population City – 50,000+

MSA – 160,000+

Median Age 37.4 Year Old

Median Household

Income $40,591

Number of

Employees 60,000+

Median Property

Value $120,000

Number of

Households 17,800+

Data taken from https://datausa.io/profile/geo/alexandria-la-metro-area/#top and other available sources

Notices & Disclaimers

DISCLAIMERS

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 inaccuracies. Any projections, opinions,

assumptions or estimates used herein are for example purposes only and do not represent the current or future

performance of the property.

This property is exclusively presented by Scott Gardner of Sentry Real Estate.