andy’s frozen custard investment …files.ctctcdn.com/0d3c1cb6001/fe65f82e-0374-457f-8986...e x e...

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A 25 Year Absolute NNN Leased Andy’s Frozen Custard

Investment Property

TENANT

Rancher’s Custard Company, LLC.,

an Oklahoma limited liability company

GUARANTOR

Joplin Regional Stockyards, Inc. (www.joplinstockyards.com)

and Ben Eastep – The guarantors have a substantial net worth.

Please inquire with agent regarding financials.

LOCATION

1733 E. Hebron Parkway in Carrollton, Texas

SALES PRICE

$2,122,000

CAPITALIZATION RATE

6.00%

PRIMARY LEASE TERM

A rare 25 year primary lease term that commenced in

April 2016 and will expire in April of 2041

PRIMARY ANNUAL RENT

Years 1-5: $127,339

Years 6-10: $133,706

Years 11-15: $140,392

Years 16-20: $147,411

Years 21-25: $154,782

RENEWAL TERMS & ANNUAL RENT

Two five (5) year Renewal Terms at the Fair Market Value as

determined pursuant to the lease

BUILDING SIZE

An approximately 1,825 SF state of the art drive through building

PARCEL SIZE

Approximately 28,526 SF

TENANT’S MAINTENANCE AND REPAIR OBLIGATIONS

The lease is absolute NNN and the tenant is responsible for

maintaining/replacing all portions of the premises and building

LANDLORD’S MAINTENANCE AND REPAIR OBLIGATIONS

None

TENANT INFORMATION

Rancher’s Custard Company, LLC – Rancher’s is the largest franchisee of Andy’s Frozen Custard with

4 units currently open for business and exclusive rights to open 22 additional units by 2019 throughout

Texas, Florida, Tennessee, Oklahoma.

ANDY’S STORY

Andy's Frozen Custard has always been fanatical about custard, and has served it with pride since 1986. For

more than three decades, only the freshest ingredients have been used for a frozen custard experience you

can’t get anywhere else. The Andy’s Frozen Custard tradition started in Osage Beach, Missouri when John

and Carol Kuntz embarked on a new frozen custard endeavor. Their treat quickly became a legend at the

lake, and soon took nearby Springfield, Missouri by storm. It was at the original Springfield location where

John and Carol’s son, Andy & his wife Dana, worked long hours learning the business from the ground up.

Their fanaticism for a supreme product and unmatched customer service never wavered. Always striving to

expand and improve Andy’s Frozen Custard, they have taken the brand to new heights, with locations

throughout Missouri, Arkansas, Oklahoma, Texas, and Illinois, with plans for locations in Kansas, Tennessee,

Colorado, and Florida. These shops offer customers near and far from its Osage Beach roots a slice of

hometown Americana, where it’s fun to be a kid for a while. At the heart of each Andy’s is a fun work envi-

ronment, where everyone shares in the fanaticism that brought Andy’s to life, and keeps it going strong. A

unique but simple approach has been used to achieve such great success; hire great people, and treat them

right. John and Carol's philosophy was always, "If you are in the service business, you have to hire people

that have a strong desire to serve. Pay them above average, train them well and demand nothing but the

best." John, Carol, Andy, and Dana have been able to make Andy's Frozen Custard the largest dessert only

franchise in the world! Andy's can now be found in 5 states, and has nearly 30 locations. To learn more

about Andy’s feel free to visit their website at www.eatandys.com

COMMENTS

The subject property is located in the heart of Carrollton’s retail trade area. It is situated at one of the main

entrances to the “Market at Hebron”, which is a neighborhood shopping center anchored by Sprouts Farmer’s

Market. Other national tenants within the center include a Starbucks, Jimmy Johns and T-Mobil as well as

numerous regional and local retailers. The building was newly completed in April of 2016 and features a

unique contemporary design with soaring walls of glass that allow customers to enjoy watching the desserts

being hand made. Andy’s will benefit from excellent visibility and exposure from over 50,000 cars per day at

the intersection of Hebron Parkway and Josey lane. In addition, Andy’s is surrounded by a dense residential

base and strong daytime population surrounding the center. Located just a few blocks from the property is

the Baylor Medical Center, which is a 216-bed acute care facility providing comprehensive care in a general

acute care hospital setting. Baylor Carrollton admitted 5,942 patients, delivered 1,399 babies, and saw over

35,000 emergency room visits. Baylor Carrollton has 499 physicians and 650 full time employees, not to

mention the countless part-time and volunteer staff. Together with the strong residential base, Baylor Medical

Center provides additional daytime population to contribute to Andy’s success.

GREG VELASQUEZ

1804 Garnet Ave, Suite 406 • San Diego, CA. 92109

858.456.5101 office • 858.459.3066 fax

[email protected]

A 25 YEAR ABSOLUTE NNN LEASED ANDY’S FROZEN CUSTARD INVESTMENT PROPERTY

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GREG VELASQUEZ

1804 Garnet Ave, Suite 406 • San Diego, CA. 92109

858.456.5101 office • 858.459.3066 fax

[email protected]


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1804 Garnet Ave., Suite 406, San Diego, CA. 92109

t 858.456.5101 f 858.459.3066

[email protected]


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GREG VELASQUEZ


t 858.456.5101 f 858.459.3066

[email protected]

MARKET AT HEBRON SPROUT’S

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MARKET AT HEBRON

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GREG VELASQUEZ


t 858.456.5101 f 858.459.3066

[email protected]

BAYLOR, SCOTT & WHITE MEDICAL CENTER

BAYLOR, SCOTT & WHITE MEDICAL CENTER

WALGREENS

TOM THUMB


CVS PHARMACY CHASE BANK

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GREG VELASQUEZ


t 858.456.5101 f 858.459.3066

[email protected]

ARBY’S PANDA EXPRESS

KFC/TACO BELL

VALVOLINE


BANK OF AMERICA MCDONALDS

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t 858.456.5101 f 858.459.3066

[email protected]

APPROXIMATE PROPERTY BOUNDARY


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t 858.456.5101 f 858.459.3066

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t 858.456.5101 f 858.459.3066

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YCARROLLTON, TEXAS

The City of Carrollton is located in the heart of the

Dallas-Fort Worth area. About 20 miles north of Dallas and

part of three counties: Denton, Dallas and Collin. The city’s

location offers residents and businesses, direct access to

an extensive labor market, top colleges, airports and

tourist attractions.

As of the 2013 census, its population was 126,700 making

it the twenty-third most populous city in Texas. In 2006,

Carrollton was named in America's "Top 100 Places to Live"

by Relocate America. Also in 2006, it was selected as the 19th

best place to live in the United States by Money magazine. In

2008 it was named by Money magazine the 15th best place to

live among small cities.

Businesses and neighborhoods flourish throughout the city's

approximately 37 square miles, and the surrounding major

highways, rail freight lines and Foreign Trade Zone designation

ensure continued success. A business-friendly city, Carrollton

ranks in the top cities in the region in creating the highest

number of new jobs, the total new development square

footage, and the number of businesses moving to Carrollton,

including the expansion of current businesses.

The momentum in commercial/industrial development

continues, and the economic cornerstone is the well-balanced

residential and business tax base. The city houses

headquarters for FASTSIGNS International, Inc., Halliburton has

North America operations for Easywell in Carrollton, Heelys, Inc.,

Jokari, Motel 6, RealPage, Inc. and Sandy Lake Amusement Park.

The City of Carrollton has established a successful track record in

attracting new companies, retaining present business community

partners, and assisting in the expansion process. In 2008,

Carrollton set a commercial/industrial leasing record. More than

six million square feet of commercial-industrial leases were signed

in Carrollton. Occupancy levels for the commercial-industrial

sector now exceeds 93%. In comparison, 2007 had a lease total

of 4.8 million square feet.

GREG VELASQUEZ


t 858.456.5101 f 858.459.3066

[email protected]


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