STRONG LEASE FUNDAMENTALS
- 10% rent increase every 5 years and during options periods
- Absolute NNN providing no Landlord Responsibilities
- Two (2) - Five (5) year option periods
ESTABLISHED REGIONAL RESTAURANT OPERATOR WITH CORPORATE GUARANTY
- Wild Wing is headquartered in Charlotte and has been operating for over 30 years
- 20+ locations across 6 states
- Wild Wing Café est annual revenue is $214.7 million
POSITIONED IN A DENSE RETAIL NODE
- Over 2 MSF of retail space within a 1-mile radius of asset
- Nearby retailers include: Home Depot & Lowes Foods
- Limited new construction in pipeline
AIKEN MSA GROWTH
- Total population of 438,735 K and reaches both GA and SC residents
- Workforce surpasses 250,000 employees anchored by Savannah River Site and Augusta University Health
- AHHI has risen over 20% in the past decade
- MSA growth is fueled by ongoing in-migration from Atlanta, Columbia and Charlotte
DEMOGRAPHIC STABILITY
- In Aiken, 69.7% of households are owner occupied coupled by a low ownership turnover rate
- Between 2022 and 2023, median property values in Aiken rose from $235K to $261K (11% in a single year)
- Surrounding customer base has strong disposable income and home equity
PROXIMITY TO MAJOR REDEVELOPMENT & MIXED-USE HUB
- Former Aiken Mall site is being redeveloped into a mixed use multi-family center
- 256 Class A multi family
- $46 M committed in infrastructure buildout alone for the development site
- Sits along Whiskey Rd (38,600 AADT) anchoring future demand and spillover traffic