Investment Overview

The subject property features a lease backed by Shipley Do-Nuts corporate, a company with 330+ locations across the United States.  The tenant is solely responsible for maintaining, repairing and replacing all interior and exterior portions of the leased premises, all parking lots, sidewalks, HVAC systems, fire sprinkler systems, above and underground components of the plumbing system, utility lines serving the leased premises, electrical systems, windows, plate glass, partition doors, door closers, locks, walls, ceiling and all fixtures located inside or outside the leased premises.  The tenant is solely responsible for snow removal and landscaping.  Landlord shall have no obligation to maintain, replace or repair any portion of the leased premises, except that landlord shall be responsible for roof and structure. In January of 2021, a leading middle-market private investment firm, announced today that it has completed an acquisition of Shipley Franchise Company and Shipley Do-nut Flour & Supply Co.  The acquisition of Shipley Do-Nuts represents Peak Rock's twelfth investment in the food, beverage and consumer industry in recent years. Shipley Do-Nuts is an American Donut Company and Coffee House chain that was founded in 1936 by Lawrence Shipley.  According to Statista, revenue in the Coffee market amounts to $11 Billion in 2023.  The market is expected to grow by a compounded annual growth rate of 3.21% between 2023 and 2028.  Coffee continues to thrive as one of the most consumed beverages globally. There are an estimated 39,970 residents living within a 2-mile radius of the subject property and an estimated 237,020 residents living within a 10-mile radius of the subject property.  The annual population growth rate within a 10-mile radius of the property was 1.5% between 2010 and 2023.  The annual population growth rate is expected to continue at a rate of 1.1% between 2023 and 2028.  As of Fall 2023 there were 28,320 students enrolled at the University of Oklahoma’s Norman Campus.