The subject property is a Popeyes drive-thru located in Charlotte, North Carolina. The 15 year remaining lease includes 1.5% annual rent increases in the primary term and throughout the (4), 5-year option periods. The property is strategically located in close proximity to the University of North Carolina at Charlotte (32,200 students) in a dense retail trade area on the “Going Home” side of the street. The property benefits from its convenient access right off Interstate-485 (±90,715 CPD) at University City Boulevard (±34,500 CPD). Additionally, within 5 miles of the subject property, there are 161,039 residents with an average household income exceeding $120,000 annually. The Charlotte population has been rapidly growing and is expected to grow another 12.48% over the next 5 years.