Investment Highlights

NEW 15-YEAR ABSOLUTE NNN GUARANTEED LEASE WITH SCHEDULED RENTAL INCREASES
» New 15-year absolute NNN lease with scheduled 10% rental increases in initial term and option periods
» Location serves as the only Chipotle within a 50-mile radius, allowing the site to dominate the market
» Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
» No landlord management, ideal for passive investors
» Chipotle is the only restaurant company of its size that owns and operates all its restaurants
» High-quality 2023 construction featuring the latest Chipotle prototype with a dedicated Chipotlane drive-thru
» Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies

EXCEPTIONAL LOCATION IN A DENSE RETAIL CORRIDOR WITH ACCESS TO OVER 130K VEHICLES PER DAY
» Prominent location near Old Highway 67/D’Iberville Boulevard (17,000 AADT) and next to the only Target on the Mississippi Gulf Coast
» Irreplaceable infill location outparcel to a brand new Hobby Lobby relocation store in a growing retail corridor immediately neighbored by The Promenade Shopping Center (45+ stores, over 7.7 million annual visitors) additional new construction underway
» Trophy location near Interstate 10 and Interstate 110, allowing the site to capture significant commuter traffic (combined 130,000 AADT)
» Minutes from Beau Rivage Casino Resort, Hard Rock Hotel & Casino, GoldenNugget Casino & Hotel, and Imperial Palace Casino & Hotel

GROWING MISSISSIPPI CITY WITH EXCELLENT SUBURBAN DEMOGRAPHICS
» 70,076 residents live within five miles of the property (12% growth since 2010), providing a reliable customer base for the site
» Average annual household income of $76,027 within a five-mile radius
» 7.5 miles from Keesler Air Force Base, the largest employer in the area with 7,254 local employees ($1.6 billion economic impact on the Mississippi Gulf Coast)
» The Biloxi/Gulfport Region is one the fastest growing areas on the Gulf Coast, experiencing tremendous residential and commercial growth

Property Description

» This Chipotle has a prominent location near Old Highway 67/D’Iberville Boulevard intersection (17,000 AADT) on Promenade Parkway, the access road of the only Target on the Mississippi Gulf Coast
» The property is an irreplaceable infill location outparcel to a Hobby Lobby relocation store in a growing retail corridor and immediately neighbored by The Promenade Shopping Center (45+ stores, over 7.7 million annual visitors), with additional nearby new construction underway
» The site is a trophy location near Interstate 10 and Interstate 110, allowing the site to capture significant commuter traffic (combined 130,000 AADT)
» The location serves as the only Chipotle location within a 50-mile radius, providing a strong customer demand and limited competition
» Excellent location in the Biloxi/Gulfport Region, one the fastest growing areas on the Gulf Coast experiencing tremendous residential and commercial growth
» The site is 7.5 miles from Keesler Air Force Base, home to the 81st Training Wing, the largest employer in the area with 7,254 local employees and a $1.6 billion economic impact on the Mississippi Gulf Coast