Investment Highlights
Executive Summary
? Long-term lease | ?14.5 years remaining on the base term of the lease? Passive investment | Absolute NNN lease | Zero Landlord responsibilities? Strong guarantee | Leased is backed by Bulldog Restaurants, LLC, a subsidiary of Starboard Investments which is an operator of 50+Jimmy Johns and 35 Burger Kings | Speak with Agent for details ? Potential, immediate upside | Based on 2023 sales, the tenant would have hit the percentage override threshold which amounted to nearly $2,000 in additional income that is not included in the marketed NOI? Strong sales trends | Sales increased ?8.5% in 2023 | Speak with Agent for details ? Healthy rent-to-sales ratio at sub-8.5%? 10% rental increases to the base rent every 5 years throughout the initial term and options | Great hedge against inflation? Located within the main retail corridor of Geneva, walking distance to: ? The local Walmart ? A Piggly Wiggly-anchored shopping center ? Wiregrass Medical Center | 145-bed acute care hospital ? Geneva High School | 387 students ? Sysco Gulf Coast - Food distributor & Restaurant supplies? Great access and visibility from Magnolia Avenue, the only road to go through the city
