Popeyes 1517 NC-24

Investment Highlights

Attractive Lease Fundamentals Name Brand Tenant Nearby To Major Economic Driver - Fort Liberty

Executive Summary

Attractive Lease Fundamentals - New 15 year Abs. NNN lease - 8% rent increases every 5 years - No Landlord ResponsibilitiesName Brand Tenant - Popeyes is the second largest ?quick-service chicken restaurant group? - Over 4,100+ locations in 40 states and 30 countries worldwide - In Q3 of 2023, Popeyes had 16.1% Sales Growth compared to Q3 in 2022Nearby to Major Economic Driver - Fort Liberty - Approximately 12 miles to Fort Liberty, a 251 square mile military base - The largest military base in the entire world with over 52K military personnel - Fort Liberty has an economic impact of $8.1 billion to the local economyPositioned on a Retail Corridor - Over 212KSF of retail space is located in a 1-mile radius - Nearby National Retailers include: Food Lion, McDonald?s, Bojangles, Wendy?s, Dunkin, and ValvolineHighly Visible and Surrounded by Hundreds of New Homes - Fronting NC Hwy 24-87 (41K VPD) - Over a 7.0% annual population growth over the past 13 years in a 1-mile radius - Total number of homes in a one mile radius has nearly doubled in last 13 years (7.3% annual growth)New Construction - Popeyes is constructing the new building to their newest prototype

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
• Building Size    1,990
• Year Built    2024
• Price    2,714,000
• Price Per SF    1,364
• Cap Rate    6
• NOI    162,864
• Percent Leased    100
• Building Height    1 Story