Optimal Lease Structure - Attractive 20-year base term - Four (4), 5-year renewal terms - 10% rent escalations every 5 years throughout entire lease - Absolute NNN lease with NO LL responsibilities - Strong personal and franchisee guarantee Best-In-Class QSR Tenant - Newly constructed Burger King - 2020 construction with latest BTS prototype o Double drive-through to support volume and enhance efficiencies o 2,300 SF prototype of newest layout available from BK corporate o Indoor seating with 70 seats o Online ordering available with plans to offer delivery - Burger King rankings: o #6 biggest fast-food chain in America (2019 QSR Magazine) o #2 biggest burger chain in America (2019 Work+Money) - Brand has 17,800+ locations worldwide Strong Real Estate Fundamentals - Flat topography with optimal visibility - Ample parking with 30 spaces - Located at the intersection of Longstreet Street & Mill Street o Frontage and full access on both streets - Kingstree is the county seat of Williamsburg County - Diversified economic base in Williamsburg County anchored by manufacturing, public administration, and health care About the Operator - Carolina Franchise Holdings - Preferred territories span GA, SC & NC - Management Team includes professional backgrounds covering development, accounting & QSR operations - Cumulative experience of Management Team exceeds 160+ years of professional experience - 1 of 5 franchisees across North America selected by Burger King Corporate to beta test new operations model rolled out to all franchisees in 2020