40+YEARS OF SUCCESSFUL OPERATING HISTORY AT THIS LOCATION • Bojangles Corporate original lease commenced upon its opening on April 27, 1984 • Tenant went through its entire 40 year primary lease and options from 1984 to 2024. ATTRACTIVE LONG TERM CORPORATE ABSOLUTE NNN LEASE • Bojangles Corp. recently signed a 15-year extension with two additional 5-year options providing an investor long term passive income. • Completely passive NNN investment – ZERO landlord responsibilities • Attractive 10% increases every 5 years in the Primary and Option Terms SIGNIFICANT $600k+ REMODEL IN 2025 • Upon the recent 15-year lease extension, Tenant completed a remodel of over $600,000. • This is the second significant remodel to the subject property during Tenant’s occupancy. STRONG PUBLICLY TRADED TENANT – NASDAQ: BOJA • $547 million in Revenue (FY 2021) • 45+ years in business • ~800 U.S. locations across 17 states • ~9,000 employees COVID-19 AND ECOMMERCE RESISTANT BUSINESS • Fast food drive thru buildings were one of the few Essential Services that were allowed to remain open for business throughout the pandemic PROPERTY HIGHLIGHTS HIGH TRAFFIC CORNER LOCATION OFF INTERSTATE 40 • Ideally located at a hard corner near the on/off ramp to Interstate 40 providing tremendous visibility to commuters to/from the freeway • High Traffic: o S. Elm Eugene Street – 20,500 CPD o Interstate 40 – 154,000 CPD • Located less than two miles from downtown Greensboro DENSELY POPULATED TRADE AREA WITH IDEAL DEMOGRAPHICS • 169,967 people in a 5-mile radius • 66,158 households in a 5-mile radius • $45,650 average household income in 1-mile radius BUILT IN CUSTOMER BASE – SURROUNDED BY CITY AND CORPORATE HEADQUARTERS • Bojangles is surrounded by several City and Corporate Headquarters including: o City of Greensboro headquarters includes Greensboro Fire Station 11 and Greensboro Utilities Maintenance o Greensboro Transit Authority o Greensboro Garbage & Solid Waste o Automotive Fasteners Inc o Evonik Stockhausen BOJANGLES CORP IS HEADQUARTERED IN NORTH CAROLINA • Subject property is located in the home state of Bojangles corporate headquarters and has a tremendous following from this local eatery