Vacancy – Burger King vacated in 2023 after franchisee Meridian Restaurants filed for Ch. 11 bankruptcy Lease Commence – The original lease commenced in February of 2016 with annual rent of $78,633 Lease Structure – The 19-Year lease was absolute triple-net (NNN) with 1.0% annual increases Rent – Tenant was paying $83,470 in annual rent when the bankruptcy occurred