Chipotle Abs. NNN 15-year Lease (Corporate) 643 Thornton Rd

Investment Highlights

Favorable Lease Structure - Absolute NNN | 10% rent increase every 5 years in the initial term and option periods | Four (4), 5-year options to extend Corporate Guaranty from Investment Grade Tenant - Chipotle has a market cap of $38B (NYSE: CMG) with over 3,000+ locations across the country Chipotlane and Freestanding Location - The property features a drive-thru, which studies have shown can increase restaurant sales by as much as 8% Atlanta MSA - Lithia Springs is located within the Atlanta MSA | 5.79 Million Residents | 18 Miles Away from Atlanta?s CBD Excellent Visibility with Large Traffic Counts - Over 38,000 ADT (Thornton Road), with premium road frontage (237 feet) Nearby Interstate Access - 1.5 Miles from Interstate 20 - Over 105,000 ADT | Main highway used to commute into the Atlanta City Center

Executive Summary

Favorable Lease Structure - Absolute NNN | 10% rent increase every 5 years in the initial term and option periods | Four (4), 5-year options to extendAtlanta MSA - Lithia Springs is located within the Atlanta MSA | 5.79 Million Residents | 18 Miles Away from Atlanta?s CBDCorporate Guaranty from Investment Grade Tenant - Chipotle has a market cap of $38B (NYSE: CMG) with over 3,000+ locations across the country | Approximately 250 new locations in 2022Excellent Visibility with Large Traffic Counts - Over 38,000 ADT (Thornton Road), with premium road frontage (237 feet)Chipotlane and Freestanding Location - The property features a drive-thru, which studies have shown can increase restaurant sales by as much as 8%Nearby Interstate Access - 1.5 Miles from Interstate 20 - Over 105,000 ADT | Main highway used to commute into the Atlanta City CenterConcentrated Retail Corridor - Located in a dense retail trade area with national chains such as Kroger, Office Depot, Sonic, Walgreens, and many othersSteady Population Growth - The 3-mile radius surrounding this Chipotle Location has a projected population growth of 6% over the next five years

• Sale Type    Investment NNN
• Sale Condition    Build to Suit
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,336
• Building Class    B
• LoopNet Rating    4 Star
• Year Built    2022
• Price    2,476,000
• Price Per SF    1,060
• Cap Rate    5
• NOI    123,808
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    1.27 AC