RED ROBIN GROUND LEASE With BAJA FRESH & QUIZNOS SOUTH

RED ROBIN GROUND LEASE with BAJA FRESH & QUIZNOS
SOUTH PLAINFIELD PLAZA
6200 - 6600 Hadley Road – South Plainfield, NJ 07080
Phone: 212.972.7457
Fax: 212.686.0078
exp@exp1031.com
www.exp1031.com
Price: $4,240,600 l NOI: $318,046 | CAP: 7.5% | Cash on Cash: 7.1%
Freestanding Red Robin ground lease with a Baja Fresh & Quiznos in a separate building
Property provides easy access to major roadways including Route 1, I-287, the Garden
111State Parkway, and the New Jersey Turnpike
Area retailers include Home Depot, Kohl’s, Walmart, Lowe’s, LA Fitness, Staples,
111and Burlington Coat Factory
Directly across from Middlesex Crossroads anchored by Macy’s
Population of 94,000+ residents within 3 miles with average household income of $98.283
Located in the heart of the thriving South Plainfield retail market
30 miles west of New York City
909,365 population with $105,289 average household income within 10 miles

Whisper SOUTH PLAINFIELD Valley Ranch RanchPLAZA
Investment Property Investment Line Overview Map
PROPERTY OVERVIEW:
EXP Realty Advisors exclusively presents for sale the 11,175 sf South Plainfield Plaza located on 2.94 acres of
land in front of an LA Fitness and adjacent to Holiday Inn. Hampton Inn and Best Western are also located in
the immediate area. The property contains an unsubordinated ground lease to a free standing Red Robin
plus ownership of a building containing Quizno’s and Baja Fresh. The buildings were constructed in 2005
and 2006. Located just off Route 287, the property is in the heart of a major retail market. The property in
front of LA Fitness and directly across from Middlesex Crossroads, anchored by Macy’s and including
Walgreens, Taco Bell, Wells Fargo and Burlington Coat Factory. Other major retailers in the area include
Target, Wal-Mart, Home Depot, Staples, and Lowes. Other notable retail destinations include the
Woodbridge Center Mall, located 7 miles down Route 287. The Woodbridge Center Mall is over 1,600,000 sf
of retail anchored by J. C. Penney, Lord & Taylor, Macy's and Sears.
LOCATION OVERVIEW:
South Plainfield is a dominant New Jersey retail market located 30 miles west of New York City, and
approximately 60 miles northeast of Philadelphia. The property has easy access to major roadways such as
Route 1, I-287, the Garden State Parkway and the New Jersey Turnpike.
TENANT OVERVIEW:
American Foods At South Plainfield, Inc. | Franchisee of Red Robin with a $125,000 assignable security
deposit . Red Robin (NYSE: RRGB) is a chain of casual dining restaurants founded in 1969 and based in
Greenwood Village, Colorado. They currently have 450 locations throughout the United States.
Garden State Horizon Investments, LLC | Franchisee of Baja Fresh with a $100,000 assignable security
deposit and a personal guarantee. Garden State Horizon Investment, LLC specializes as a provider of
restaurant management services and development services. Baja Fresh is a chain of fast-casual Tex Mex
restaurants founded in 1990 and headquartered in Cypress, California. Baja Fresh now operates 256
restaurants in 29 states. The chain emphasizes fresh ingredients, and each restaurant features a self-serve
salsa bar.
Dhapvit, Inc. | Franchisee of Quizno’s with a $17,500 assignable security deposit & two personal guarantees.
Quizno’s is a fast casual restaurant franchise based in Denver, Colorado and operates over 4,000 locations
throughout the United States. The company specializes in offering toasted subs, although they may be
served untoasted at the customer's request. It is the second-largest submarine sandwich shop chain in North
America, after Subway.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
INVESTMENT SUMMARY
Price: $4,240,600
CAP Rate: 7.5%
Cash on Cash: 7.1%
Cash Flow: $101,929
Red Robin Ground Lease Rent: $137,500
Quizno’s & Baja Fresh Rent: $180,546
Bld. Sq Ft: 11,175 sf
Land Size: 2.94 ac
Lease Type: Ground lease and
2 reimbursable NNN
Loan Balance: 2,805,642
Debt Service: $216,117
Interest Rate: 6.25%
Amortization: 30 Years
Maturity Date: 6/1/2016
INVESTMENT OVERVIEW

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Investment Property Rent Roll Line and Overview Map Assumable Debt Information
Tenant Name Area SF Lease Term Annual Rent 2012 Rent/SF Lease Expenses Lease Options
Red Robin
Ground lease
The tenant built and
paid for the building.
Upon lease expiration
ownership of the
building reverts to
the landlord.
Baja Fresh
Landlord owns the
building and the land.
Quizno's
Landlord owns the
building and the land.
6,455 20 years
(6/06-6/26)
3,220 15 years
(12/05-12/20)
1,500 10 years
(4/06-4/16)
6/12-6/16: $137,500
6/16-6/21: $151,250
6/21-6/26: $166,375
12/12-12/15: $122,796
12/15-12/18: $132,006
12/18-12/20: $141,906
2012 TOTALS 11,175 $318,046
$19.36/sf Reimbursable NNN.
Tenant is responsible for roof
and structure and sidewalks.
Landlord performs CAM and
is reimbursed plus a 10%
administrative fee.
$33.00/sf Reimbursable NNN. Landlord
maintains the roof and
structure and performs CAM
and is reimbursed by the
tenant.
4/11-4/16: $57,750 $35.00/sf Reimbursable NNN.
Tenant is responsible for
sidewalks & HVAC. Landlord
maintains the roof and
structure and performs CAM
and is reimbursed by the
tenant.
Price $4,240,600
Equity $1,434,971
Net Operating Income $318,046
Cash Flow $101,929
Existing Loan
Current Loan Balance $2,805,642
Debt Service $216,117
Interest Rate 6.25%
30 Year Amortization Due on 6/1/2016
Balloon $2,503,667
Defeasance Premium as of 6/1/2012 $563,567
Defeasance Transaction Cost $50,000
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
4X5
10% every 5
5X5
10% every 5
3X5
10% every 5
RENT ROLL

Whisper SOUTH PLAINFIELD Valley Ranch RanchPLAZA
Investment Property Line Photographs
Overview Map
Pylon Sign
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
PROPERTY PHOTOGRAPHS

Whisper SOUTH PLAINFIELD Valley Ranch RanchPLAZA
Area Property Floor History PlanLine
Map
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
FLOOR PLAN

Whisper SOUTH PLAINFIELD Valley Ranch RanchPLAZA
Area Property Aerial History Photograph
Line Map
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
AERIAL PHOTOGRAPH

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Property Location Line Map Map
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LOCATION MAP

Whisper SOUTH PLAINFIELD Valley RanchPLAZA
Property Location Line Map Map
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LOCATION MAP

Whisper SOUTH PLAINFIELD Valley RanchPLAZA
Property Demographic Line Data Map
Radius 3 Mile 5 Mile 10 Mile
Population:
2015 Projection 95,176 309,688 919,365
2010 Estimate 94,784 306,257 909,717
2000 Census 92,487 293,465 872,440
Growth 2010-2015 0.40% 1.10% 1.10%
Growth 2000-2010 2.50% 4.40% 4.30%
2010 Population by Race:
White 41,940 155,445 545,903
Black or African American 18,533 55,414 120,379
American Indian and Alaska Native 311 932 2,305
Asian 25,244 56,931 141,200
Native Hawaiian and Pacific Islanders 42 236 540
Other Race 5,601 26,335 70,508
Two or More Races 3,113 10,965 28,880
2010 Households:
2015 Projection 31,234 104,240 320,391
2010 Estimate 31,105 103,174 317,438
2000 Census 30,302 99,776 307,068
Growth 2010-2015 0.40% 1.00% 0.90%
Growth 2000-2010 2.70% 3.40% 3.40%
Owner Occupied 21,570 65,148 212,582
Renter Occupied 9,534 38,026 104,856
2010 Avg Household Income $98,283 $99,559 $105,289
2010 Med Household Income $80,964 $78,626 $79,951
2010 Per Capita Income $33,454 $34,176 $37,222
2010 Households by Household Inc:
Income Less than $15,000 1,210 5,860 16,479
Income $15,000 - $24,999 1,246 5,320 16,062
Income $25,000 - $34,999 1,172 5,043 15,266
Income $35,000 - $49,999 1,810 7,515 23,985
Income $50,000 - $74,999 8,030 24,280 72,413
Income $75,000 - $99,999 6,637 18,444 56,362
Income $100,000 - $149,999 7,089 21,505 64,582
Income $150,000 - $249,999 3,194 11,718 37,698
Income $250,000 - $499,999 591 2,826 11,373
Income $500,000 or more 119 655 3,204
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Contact Us
EXP Realty Advisors
118 East 28 th Street
Suite #901
New York, NY 10016
Phone: (212) 972-7457
Fax: (212) 686-0078
www.exp1031.com
Our Team
Robert P. James
President
Phone: (212) 972-7457
Email: rob@exp1031.com
Daniel de Sa‘
Director of Sales
Phone: (212) 972-7457
E-mail: dan@exp1031.com
DEMOGRAPHIC DATA