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 Group which is an operator of 165+ restaurants across 8 states | Brands include Burger King (35), Wendy?s (61), Cici?s Pizza (24), Applebee?s (20), Subway (15), McAlister?s Deli (6), and Fuzzy?s Taco Shop (5)? Potential, immediate upside | Based on 2023 sales, the tenant would have hit the percentage override threshold which amounted to ?8,700 in additional income that is not included in the marketed NOI? Strong sales trends | Sales increased 36.5%+ in 2023 | Speak with Agent for details ? Healthy rent-to-sales ratio at ?7.50%? Signalized, corner location with excellent access and visibility from Highway 431 & Church St | Combined ?20,100 VPD? Walking distance to Headland High School, Headland Middle School, and Headland Elementary School | Combined 1,784 students? 5% rental increases to the base rent every 5 years throughout the initial term and options, providing a hedge against inflation
