Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE TO THE SECOND-LARGEST SANDWICH RESTAURANT BRAND IN THE WORLD
» New 15-year absolute NNN lease with 10% rental increases every five years
» Five (5) option periods of five (5) years each, providing a long-term income generator
» Absolute NNN lease requires no landlord management whatsoever, extremely attractive for both local and out-of-area investors
» Operated by AES Southeast, LLC, a strong Arby’s franchisee with 170 Arby’s restaurants in 16 locations and growing
» Arby’s is the second-largest sandwich restaurant brand in the world
» Arby’s has 3,500+ locations the U.S. and units abroad, including stores in Canada, Turkey and Egyp

PUBLIX OUTPARCEL IN A NEW 180-ACRE MIXED USE DEVELOPMENT
» High-visibility and easily accessible location near the signalized four-way intersection of Alcovy Road and Industrial Park Boulevard Northeast (combined 37,200 AADT)
» Trophy location just north of Interstate 20, a major east-west route traversing the entirety of Georgia that allows the site to capture significant commuter traffic (80,000 AADT)
» Prime setting within Covington Town Center, a new 180-acre mixed-use development including a medical office building, 350 apartment units, 270 townhomes, and a 175,000-SF retail center anchored by Publix
» Upon completion, Covington Town Center will attract an estimated 34,000 unique visits per day
» 2.4 miles from Piedmont Newton Hospital (739 employees), the second-largest employer in Covington

DENSELY POPULATED AND GROWING ATLANTA SUBURB WITH EXCELLENT DEMOGRAPHICS
» 303,670 residents live within fifteen miles of the property, providing an extremely large customer base for the site
» Excellent average annual household income of $98,400 within a fifteen-mile radius of the site
» Projected population and income increases within 5-, 10-, and 15-mile radii over the next five years poise Arby’s and Covington for steady concurrent growth
» Gateway to Downtown Atlanta, the most populous city in Georgia (498,715 residents), and part of the ninth-largest metro area in the U.S. (over six million people)

NEW 2023 CONSTRUCTION IN BUSINESS-FRIENDLY LOCATION
» New high-quality 2023 construction built to latest Arby’s prototype
» Site features a dual-lane drive-thru and walk-up window for added customer convenience
» Georgia’s business climate has been ranked #1 in the nation for the eighth consecutive year by Site Selection and Area Development ranked Georgia the top state for doing business for the seventh year in a row

Property Description

» New 15-year absolute NNN lease to Arby’s with 10% rental increases every five (5) years
» Publix outparcel in a new 180-acre mixed use development
» Five (5) option periods of five (5) years each, providing a steady long-term income generator
» Operated by AES Southeast, LLC, a strong Arby’s franchisee with 170 Arby’s restaurants in 16 locations and growing
» High-visibility and easily accessible location near the signalized four-way intersection of Alcovy Road and Industrial Park Boulevard Northeast (combined 37,200 AADT)
» New high-quality 2023 construction built to latest Arby’s prototype featuring a dual-lane drive-thru