7737 E. Brainerd Road | Chattanooga, TN 37421 R R R R R R R R R R R R R R R R R R R R R R RE E E E E E E E E E EP P P P P P P P P P PR R R R R R R R R R R RE E E E E E E E E E E E E E E E E E E ES S S S S S S S S S S S S S S S S S S S S S S S S S S S S SE E E E E E E E E E E E E E E E E E E E E E E E E E E E E E EN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N NT T T T T T T T T T T T T T T T T T T T A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A T T T T T T T T T T T T T T T T T T T T T T T T T T T T T T T T T T T TI I I I I I I I I I I I IV V V V V V V V V V V V V V V V V V V V VE E E E E E E E E E E E E E E E P P P P P P P P P P P P P P P P P P P P P H H H H H H H H H H H H H H H H H H H HO O O O O O O O O O O O O O O O O O O OT T T T T T T T T T T T T T TO O O O O O O O O O O O O O O O Tanner Olson [email protected]801.930.6752 Sean von Schwarz [email protected]313.962.2800 Ty Miller [email protected]801.930.6792 OFFERING MEMORANDUM
Einstein Bros. Bagels is an American bagel and coff ee chain in the United States. Einstein Bros. Einstein’s was founded by
the chain restaurant corporation Boston Chicken (now Boston Market) in 1995, as a way to market breakfast foods. The chain
is now owned by Einstein Noah Restaurant Group Inc., which in 2014 was taken private by JAB Holdings Co. Einstein Noah
Restaurant Group is the parent company of Einstein Bros. Bagels, Noah’s New York Bagels and Manhattan Bagel brands,
which operate, franchise and license more than 850 restaurants in 42 states, along with a dough production facility.
JAB Holding Company (S&P: BBB+) is a privately held business group headquartered in Luxembourg focused on consumer
goods investments.
Founded in 1992, Caribou Coff ee operates the second-largest non-franchised coff ee chain in the US (based on the number
of locations) behind Starbucks with more than 410 stores in about 20 states, mostly in Minnesota. The outlets, designed
to resemble mountain lodges, off er fresh-brewed coff ee along with specialty coff ee drinks and baked goods. The stores
also sell whole bean coff ee and brewing supplies. Caribou Coff ee has about 170 franchised outlets, including many in
international markets. Beyond its coff ee shops, the company sells roasted coff ee and related supplies to grocery stores and
foodservice suppliers. Caribou Coff ee is a proud recipient of the Rainforest Alliance Corporate Green Globe Award and is
committed to operating practices that promote sustainability and environmental protection.
Caribou Coff ee, which had been a public company since 2005, was taken private in early 2013 by JAB Beech, a member
of the Joh. A. Benckiser group of companies, which also owns rival Peet’s Coff ee & Tea and former Sara Lee coff ee division
D.E. Master Blenders. The Germany-based Joh. A Benckiser paid $340 million for Caribou Coff ee.
TENANT SUMMARY | 6
INVESTMENT SUMMARY
RENTABLE SF 2,100 SF
YEARS REM. 10 Years
LEASE TYPE NNN
ANNUAL RENT $98,880
PRICE $1,521,000
CAP 6.50%
INVESTMENT SUMMARY | 7
ADDRESS 7737 East Brainerd Road
Chattanooga, TN 37421
YEAR BUILT 2013
BLDG. AREA 2,100 SF LEASE TYPE NNN
LOT SIZE 0.92 AC OPTIONS 2, 5 year options
PROPERTY SUMMARY
RREPRESENTATIVE PHOTO
PROPERTY SUMMARY | 8
Brainerd Rd
40,000 vpd
7737 E. BRAINERD RD
POPULATION 6,303 44,074 99,673
AVG. HOUSEHOLD INCOME $83,850 $80,710 $72,439
HOUSEHOLDS 3,055 19,378 41,728
BUSINESSES 634 3,207 6,125
DAYTIME POPULATION 6,958 43,341 99,965
1 MILE 3 MILE 5 MILEDEMOGRAPHICS
Chattanooga is the county seat of Hamilton County, which has a current population of more
than 350,000. It is the fourth largest city in the state of Tennessee. Chattanooga is one of
the south’s top travel destinations. Tucked between the mountains of southeast Tennessee,
along the beautiful Tennessee River, Chattanooga is one of America’s most breathtaking
cities. There’s also a wide variety of outdoor activities, amazing restaurants, live events, art
and worldclass attractions, making Chattanooga a great place to live or visit.
Chattanooga’s economy includes a diversifi ed and growing mix of manufacturing and
service industries. Tourism and Hospitality has been a growing part of Chattanooga’s
economy, with 2014 being the First year for Hamilton County to surpass $1 billion in revenue.
Chattanooga has been recognized several times over the decades, including the prestigious
All-America City Award and being recognized as a Tree City USA community. The New
York Times named Chattanooga one of the “Top 45 Places to go” in the world. Only four
United States destinations were named, and the “Scenic City” was the only place outside
of California.
Chattanooga also has a large, growing sports scene for a city of its size, including college
sports, minor league baseball, semiprofessional teams, professional cycling exemplifi ed by
the Volkswagen USA Cycling Professional Road & Time Trial National Championships and
the Ironman Triathlon.
CHATTANOOGA, TN - HAMILTON COUNTY
NEIGHBORHOOD | 11
QUINCY CORNERS | 12
QUINCY CORNERS | 12
Tennessee is as well known for the Great Smoky Mountains, site of the most
visited national park in the United States, as it is for a slew of music legends,
including Elvis Presley, Jerry Lee Lewis, Muddy Waters, Johnny Cash and
Dolly Parton, who rose from the blues music hub of Memphis or country crooner
center Nashville.
At $48,547, Tennessee’s 2016 median household income was lower than the
national average, while the poverty rate of 15.8 percent was about 10 percent
higher than the U.S. rate.
Tennessee is home to some Fortune 500 companies, including package
shipping giant FedEx and health care and medical facility fi rm HCA Holdings.
Non-agricultural growth has boosted Tennessee’s economy in recent years, with
the manufacturing and mining, logging and construction industries experiencing
strong growth.
TENNESSEE
Affi liated Business Disclosure and Confi dentiality Agreement
This Off ering Memorandum has been prepared by Legend Investment Group (LIG) for use by a limited number of parties and has been obtained from sources
believed reliable. While we do not doubt its accuracy, we have not verifi ed it, and make no guarantee, warranty or representation about it. It is your responsibility to
confi rm, independently, its accuracy and completeness. All projections have been developed by LIG, Owner and designated sources, are based upon assumptions
relating to the general economy, competition, and other factors beyond the control of Owner, and therefore are subject to variation. No representation is made
by LIG or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied on as a promise
or representation as to the future performance of the property. Although the information contained herein is believed to be correct, Owner and its employees
disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further,
LIG, Owner and their employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the
Off ering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Off ering Memorandum does not constitute
a representation that there has been no change in the business or aff airs of the property or Owner since the date of preparation of the Off ering Memorandum.
Analysis and verifi cation of the information contained in the Off ering Memorandum is solely the responsibility of the prospective purchaser.
Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualifi ed prospective investors.
Owner and LIG each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or off ers regarding the property and/or
terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligations to any entity reviewing this Off ering
Memorandum or making an off er to purchase the property unless and until such off er is approved by Owner, a written agreement for the purchase of the property
has been fully executed, delivered and approved by Owner and its legal counsel, and any obligations set by Owner thereunder have been satisfi ed or waived.
This Off ering Memorandum and the contents, except such information, which is a matter of public record or is provided in sources available to the public, are of
a confi dential nature. By accepting this Off ering Memorandum, you agree that you will hold and treat it in the strictest confi dence, that you will not photocopy
or duplicate it, that you will not disclose this Off ering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if
necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confi dentiality) without the prior
written authorization of Owner or LIG and that you will use the information in this Off ering Memorandum for the sole purpose of evaluating your interest in the
property and you will not use the Off ering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or LIG. If you have
no interest in the property, please return the Off ering Memorandum forthwith.
