ATTRACTIVE LEASE FUNDAMENTALS - 15-year absolute NNN ground lease providing zero landlord responsibilities - 10% rent increases every 5 years and into option periods - Long-term lease with four (4) five (5) year option periods EXPERIENCED FRANCHISEE - Lease is signed by Phoenix Taco, an experienced Taco Bell franchisee operator - Taco Bell franchisees benefit from one of the most recognized and profitable QSR brands in the world - Parent brand Yum! Brands (NYSE: YUM) is a Fortune 500 company operating ~55,000 restaurants worldwide - Taco Bell is the 4th largest U.S. restaurant brand serving 42 million+ customers across 7,700+ locations CHARLOTTE MSA — #21 METRO IN THE U.S - Charlotte MSA population of 2.9 million with ~157 new residents per day - 20%+ population growth since 2010 - Diverse employment base anchored by banking, energy, and technology - Business-friendly tax climate and AHHI exceeding $90,000 in the trade area EXCEPTIONAL ACCESSIBILITY & VISIBILITY - Positioned on W Mallard Creek Rd, a primary arterial corridor serving the University City submarket - Direct connectivity to I-85 and I-485, two of Charlotte’s most heavily trafficked interstate corridors - Surrounding arterials carry 25,000–42,000+ VPD, generating sustained drive-thru demand HIGH-DENSITY SURROUNDING RETAIL - Located within a dominant retail pocket in North Charlotte near Northlake Mall, Concord Mills, and multiple power centers - Area draws significant regional retail traffic from Mecklenburg and Cabarrus counties - Proximity to major retailers and restaurants reinforces the site’s position as a high-frequency, drive-thru QSR destination AFFLUENT & DENSE TRADE AREA - 155,090 residents within a 5-mile radius - AHHI of $107,109 within 3 miles - Consistent population growth outpacing national averages - University City submarket driven by UNC Charlotte (37,000+ students) and major employment nodes along the I-85 corridor