ATTRACTIVE LEASE FUNDAMENTALS WITH HEALTHY RENT-TO-SALES

• New 20 year Abs. NNN lease
• 2.00% rent increases annually
• No Landlord Responsibilities
• Rent is based off sales, providing low rent-to-sales for healthier operations

WELL POSITIONED ON A HIGH TRAFFICKED RETAIL CORRIDOR

• Fronting S Irby St, over 20K VPD
• Over 1.4MSF of retail space located in a 1-mile radius boasting a 0.4% vacancy rate
• Less than a mile to Downtown Florence
• Down the street from a Top Performing Piggly Wiggly (79th percentile nationally in visits)

NEW RENOVATIONS

• Built to new Wendy’s specs
• New Reno’s will be complete in 2025.

NAME BRAND TENANT

• Wendy’s is ranked in the top 5 quick service restaurants (QSRs) in United States
• Over 6,000+ locations in 51 states and 30 countries.
• In 2023 The Wendy’s Company had annual revenue of $2.18B with 4.11% growth

NEAR MARKET DRIVERS

• Located just 1.2 miles away from McLeod Medical Park Pavilion - a 3 million SF medical park with over 500 beds and over 15,000 employees
• Only 2.4 miles away from MUSC Health Florence Medical Center - a health center that is over 500k SF and boasts over 400 beds and over 1.500 employees

HEALTHY MICRO-ECONOMY

• Florence Ranked #48 out of 384 Metro Areas in the US for Overall Economic Health - Employment rate has increased more than 2% since January 2024 up to 97.4%, South Carolina had the largest increase of any state at 3.5% growth