Investment Highlights
Single-Tenant Corporate First Watch (NASDAQ: FWRG): New 12-year absolute NNN lease; no landlord responsibilities
Top Performing First Watch Market: Of the 8 Tucson locations, 4 are ranked among the top 10-20% performing sites out of 444 locations tracked
Close Proximity to Nationally Ranked University of Arizona: 2 miles from the University of Arizona | Top 25 Largest Public Research Universities
10% increases every 6 years during the base term and each of the two 5-year options | One of the fastest-growing restaurant chains in the US
Excellent Accessibility and Visibility Along Campbell Avenue, a Major North/South Arterial with Over 36,000 Cars Per Day
High-Density Demographics; Significant Daytime Population: 278,762 people within a 5-mile radius; 157,648 employees within a 5-mile radius
Executive Summary
New 12-Year Absolute NNN Corporate Lease | #4 Top 50 Most Loved Brands in the U.S. (Yelp - 2023)
