FAST GROWING BRAND WITH EXPERIENCED OPERATOR

• Dave’s Hot Chicken currently has over 199 locations, and was awarded America’s Fastest Growing Restaurant Chain in 2023 (Technomic)
• Systemwide sales increased 156% from 2021 to 2022
• Multi-Unit operator that operates both Jersey Mikes and Dave’s Hot Chicken
• ATTRACTIVE LEASE FUNDAMENTALS WITH ANNUAL RENT INCREASES
• Fifteen year ground lease provides next owner with zero landlord responsibilities
• 2.5% annual rent increases throughout the initial term and option periods

CHARLOTTE MSA TAILWINDS

• Charlotte MSA has added more than 135K people from 2020 to 2023, making it the 5th fastest growing city in the Country
• Charlotte forecasts a 45.2% job growth over the next 10 years
• HIGH VISIBILITY IN MAJOR RETAIL CORRIDOR
• More than 32K cars travel Chery Rd a day
• Approximately 0.6 miles to I-77 (71.9K VPD)
• Over 1.7MSF of retail located in 1-mile radius with 18K of absorption in past 12 months,
• with 1.0% vacancy rate
• Nearby National Tenant’s include: Publix, Chick-Fil-A, Aldi, and McDonald’s

EASILY ACCESSIBLE LOCATION

• Ingress and egress on Cherry Rd (32K VPD)
• Cross-access with Aldi shopping center, providing access to Anderson Rd (20K VPD) which feeds into a signalized intersection on Cherry Rd

RECENTLY RENOVATED BUILDING

• Recently Renovated Building
• Existing QSR that has been renovated and retrofitted to suit the Tenant’s newest prototype
• Existing drive through