ATTRACTIVE LEASE FUNDAMENTALS - Chipotle has signed a new 10 year lease, with a corporate guarantee, and McAlisters signed a new 15 year lease - Both leases include 10% rent increases every 5 years - The two leases are Triple Net (NNN) with minimal LL responsibility STRONG CREDIT TENANTS - Chipotle is backed by Chipotle Corporate (market cap of over $74B) - McAlister’s is backed by one of the largest Franchisee in the System DENSE RETAIL NODE - This site is located within a dense retail node just west of Charlotte, NC - Within a 1-mile radius of the site is more than 1.4M SF of retail space - Nearby National Retailers include: Walmart Supercenter, Lowe’s Home Improvement, ALDI, Tractor Supply Co, Ingles and more POSITIONED OFF OF BUSY COMMUTER ROUTE - Site is located off of E Dixon Blvd (36K VPD) and along a dense retail corridor - The site benefits from multiple points of egress and ingress and a designated left turn lane into the site IMMEDIATE MARKET DRIVERS - Located less than half a mile from the site is Shelby High School which has more than 1,400 students enrolled - The school employs more than 200 people and has a significant impact on the surrounding area NEW CONSTRUCTION - Constructed to meet tenant needs, the building includes a drive through lane for McAlisters - New construction will provide transferable warranties for the roof & mechanical system to new Owner