ATTRACTIVE LEASE FUNDAMENTALS - 10% rent increases every 5 years and in option periods - Abs. NNN - Ground Lease providing zero landlord responsibilities - Long 20 year term remaining with four (4) five (5) year option periods STRONG CORPORATE GUARANTEE - Lease is corporately backed - Taco Bell is located in all 50 states, and has over 7,800 total locations - Taco Bell serves over 4.2M customers weekly AFFLUENT TRADE AREA SUPPORTING QSR DEMAND - Within a 5-mile radius the area supports 145,000+ residents with an AHHI above $95,000 - Population in this pocket has consistently outpaced national averages CHARLOTTE MSA - #21 metro in the US with a population of 2.9 million - ~157 people move here per day - Growth sits at 20% since 2010 - Diverse employment base driven by sectors like banking and energy complimented by a favorable tax/business climate - AHHI exceeds $90,0000 EXCEPTIONAL ACCESSIBILITY - Northlake West Drive sits just off I-77, which carries 150,000+ vehicles per day - Connection to I-77 offers connectivity throughout Charlotte and into Lake Norman - Nearby arterials experience 25,000–40,000+ VPD creating strong daily traffic counts that support drive-thru oriented QSR concepts HIGH DENSITY SURROUNDING RETAIL - 2.6 M SF of retail within 1-mile radius - Northlake submarket is one of the fastest growing retail corridors in North Mecklenburg County - Area driven by major employment centers along I-77 - Positioned near Northlake Mall