ATTRACTIVE LEASE FUNDAMENTALS - New 15 year Abs. NNN - 10% rent increases every 5 years - No Landlord Responsibilities NAME BRAND TENANT - Popeyes is the second largest “quick-service chicken restaurant group” - Over 4,100+ locations in 40 states and 30 countries world wide - In Q3 of 2023, Popeyes had 16.1% Sales Growth compared to Q3 in 2022 HIGHLY VISIBLE ON A RETAIL CORRIDOR - Fronting W. 3rd St (15.5k VPD) - Over 325KSF of retail space located in a 1-mile radius boasting a 0% vacancy rate - Over 3.7K SF of retail space has been absorbed over the past 12 months - Nearby national tenants include: Jersey Mikes, Circle K, Cook Out, McDonalds, and Burger King CLOSE PROXIMITY TO HIGH GROWTH UNC PEMBROKE - Less than a half-mile to UNC Pembroke - Over 7,500 students and 420+ faculty - 8 different colleges & schools - Since adopting the NC Promise Tuition Plan in 2016, enrollment has grown 32% NEW CONSTRUCTION - Popeye’s is constructing the new building to their newest prototype