HALF SHELL OYSTER HOUSE

LOCATION

• Trophy Location – Located in the heart of downtown Tuscaloosa at the hard signalized corner of University Blvd and Greensboro Avenue.  University Blvd averages roughly 20,000 vehicles daily and runs North from I-20, through the University of Alabama and West to I-359
• Tuscaloosa has been named “Most Livable City in America,” one of the “Best Places to Launch a Small Business,” one of the “Best College Towns,” and one of the “100 Best Communities for Young People”
• Tuscaloosa is home to approximately 100,000 residents, not including the student body population.  The University of Alabama has an approximate enrollment of 37,600 students
• The subject property is located catty-corner from the new 2015 construction, 154 room, Embassy Suites hotel, and less than 1.5 miles West of Bryant Denny Stadium and The University of Alabama
• Strong population growth estimated at nearly 5% over the next 5 years
• 3-Mile population exceeds 63,000 residents; 5-Mile population exceeds 109,500 residents

LEASE & BUILDING

• Rare opportunity to own a historic 16,370 SF building in downtown Tuscaloosa
• Brand new 10.50-year NNN lease commencing on May 16, 2018
• 5% rent increases every 5 years
• Half Shell Oyster House opened their first location in the summer of 2009 in Downtown Gulfport, MS.  They currently have 11 locations throughout Alabama, Mississippi, Louisiana and Florida, with plans to continue their expansion over the next several years
• Very successful regional seafood restaurant concept with AUV at their strongest locations surpassing $4 million
• Significant capital improvement dollars were allocated by the tenant, showing strong commitment and investment in the trophy location (see agent for details)
• Corporate guarantee from Gulf Coast Restaurant Group, Inc. and personal guarantees from 4 of the principal operators
• One of the premier private event rental properties serving Tuscaloosa and the University of Alabama and will add to the tenant’s bottom line (see agent for details)