Corporate Guarantee from Strong Tenant - Chick-Fil-A currently operates over 3,000 locations - Employs over 200,000 people - 2022 U.S. system sales totaled $18.8B (up 13% from 2021) - 3rd Largest fast-food chain in the country by sales volume (QSR Magazine) Attractive Lease Fundamentals - Fifteen year ground lease provides next owner with zero landlord responsibilities - 8% rental increases every 5 years during initial term - 10% rental increases in each option period Strong Surrounding Demographics in High-Growth MSA - Over 10K people live in a 1-mile radius - AHHI exceeds $110K in a 1-mile radius - Charlotte, NC ranked 5th in largest population growth from 2021-2022 Well Located In Rapidly Growing Sub-Market - Over 805K SF of retail space and 2,000 apartments are located within 1-mile radius - Over 22K SF of retail has been absorbed in TTM - Other nearby national retailers include: The Home Depot, McDonald’s, and 7-Eleven New Construction W/ Double-Drive Thru Prototype - Newly built Chick-Fil-A with the double-drive through prototype - The parcel has its own dedicated parking lot A Top Performing Market Nationally - Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage) - Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022) - 5th fastest growing city from 2021 to 2022 (population change: 15,217)