ATTRACTIVE LEASE FUNDAMENTALS
- Fifteen year initial term
- 10% rent increase every 5 years and during option periods
- Absolute NNN Ground lease with no early termination clause
- Three (3) - Five (5) year option periods
CORPORATE LEASE WITH A GROWING BRAND
- Lease signed with Jim ‘N Nicks corporate
- 49 locations with more than 30 expected to open over the next 3 years
- Strong credit tenant with new fast casual concept
LOCATED IN A COMMERCIAL CORRIDOR
- Over 2.5MSF of retail space located in a 1-mile radius
- Outparcel to the Wiregrass Commons Mall boasting 638k sqft and over 50 retail stores
- Anchor tenants include: Belk, Dillards, JCPenney, and more
WIREGRASS INNOVATION CENTER
- Just down the road from the asset the Wiregrass Innovation Center is being developed
- 45,000 SF building that will house the HudsonAlpha Institute for Biotechnology
- The 30 million dollar building is set to be completed in late 2025 10%
NEW CONSTRUCTION
- Newly built building with Jim ‘N Nick’s prototype
- 1.9 acre lot with great parking ratio