Attractive Lease Fundamentals - New 15 year Abs. NNN lease - 8% rent increases every 5 years - No Landlord Responsibilities Name 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 2022 Nearby 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 economy Positioned 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 Valvoline Highly 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