Corporate Guarantee from Strong Tenant

• Chick-Fil-A currently operates over 3,000 locations
• Employs over 200,000 people
• 2022 U.S. system sales totaled $18.8B (up 13% from 2021)
• 3rd largest fast-food chain in the Country by sales volume (QSR Magazine)

Attractive Lease Fundamentals

• 20 year ground lease provides next owner with zero landlord responsibilities
• 10% rental increases in option periods

Strong Surrounding Demographics in High-Growth MA

• Approximately 200k people live in a 5-mile radius
• AAHI exceeds $100k in a 1-mile radius
• Raleigh ranked as the 2nd fastest growing metro from 2010 to 2024

Nearby Other Major Retailers and Apartments

• The subject site is located on a Walmart (over 1.6M visits/yr) outparcel
• Over 1.2MSF of retail space is located in a 1-mile radius, boasting a 1.3% vacancy rate
• Approximately 1,173 apartments are located within 1-mile radius

New Construction on Large Parcel

• Newly built Chick-Fil-A with the double drive through prototype
• The parcel has its own dedicated parking lot
• Subject site is approximately 1.65 acres

A Top Performing Market Nationally

• Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage)
• Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022)
• Raleigh ranked #3 in bets place to live for 2023-2024 (U.S. News)