Investment Highlights

NEW 20-YEAR LOW-RENT GROUND LEASE WITH $50M PERSONAL GUARANTY
» New 20-year absolute NNN ground lease with 10% rental increases every five (5) years
» Four (4) option periods of five (5) years each, providing an excellent long-term investment opportunity with a strong guaranty
» Guthrie’s opened its first restaurant in Auburn, Ala., in 1965 and considers itself to be “pioneers of the fried chicken finger only restaurants”
» The concept is known for its simple menu and signature sauce. Guthrie’s has locations throughout the South as well as a unit in Cleveland, Ohio, and last year grew sales by 25%
» New high-quality 2023 construction built to latest Guthrie’s prototype
» Site features a drive-thru and ample parking on a 86-acre parcel

DENSE RETAIL CORRIDOR WITH PROXIMITY TO LARGE FULFILLMENT CENTERS
» High-visibility location at the signalized intersection of State Highway 302/Goodman Road (37,000 AADT) and Craft-Goodman Road with beneficial proximity to U.S. Highway 78 (33,000 AADT)
» Goodman Road is recognized as one of the four (4) major commercial arteries within the Memphis, TN MSA and is the primary commercial artery in Desoto County, north Mississippi
» Surrounded by notable tenants such as Walmart Supercenter, Kroger, Lowe’s Home Improvement, The Home Depot, CVS, Walgreens, Petco, McDonald’s, Chick-fil-A, Starbucks, and many others
» Near many major hotel brands with over 759 guestrooms
» Proximity to several large apartment complexes, including The Vineyard of Olive Branch Apartment Homes (456 units), Goodman Manor Apartments (55 units), and Crestview Apartments (38 units)
» 13.7 miles from the University of Memphis (21,917 student enrollment)
» Five miles from Legacy Park, home to a one million SF Amazon fulfillment center, FedEx Supply Chain Center, and many others
» 10 minutes from a recently opened one million SF Walmart fulfillment center

PROMINENT LOCATION WITH ROBUST DEMOGRAPHICS WITHIN MEMPHIS MSA
» Situated within the DeSoto County School District (3872 employees, more than 30,000 students), the largest school district in the state of Mississippi
» 94,366 residents within a five-mile radius
» Average annual household income of $102,749 within one mile (projected to increase 15 percent by 2027
» Beneficial proximity to several airports including Olive Branch Airport and Memphis International Airport (3,900 acres, four runways)
» Gateway to Memphis, the second-most-populous city in Tennessee (633,104 residents)

Property Description

» Guthrie’s is located at the signalized intersection of State Highway 302/Goodman Road (37,000 AADT) and Craft-Goodman Road and maintains beneficial proximity to U.S. Highway 78 (33,000 AADT)
» Goodman Road is recognized as one of the four major commercial arteries within the Memphis, TN MSA and is the primary commercial artery in Desoto County, north Mississippi
» The site is near multiple major hotel brands with over 759 guestrooms and is close to several large apartment complexes, including The Vineyard of Olive Branch Apartment Homes (456 units), Goodman Manor Apartments (55 units), and Crestview Apartments (38 units)
» The property is 13.7 miles from the University of Memphis (21,917 student enrollment) and situated within the DeSoto County School District (3872 employees, more than 30,000 students), the largest school district in the state of Mississippi
» The site is less than five miles from Legacy Park, home to a one-million-square-foot Amazon fulfillment center, FedEx Supply Chain Center, and many others, and just ten minutes from a recently opened one million SF Walmart fulfillment center
» The location is a gateway to Memphis, the second-most-populous city in Tennessee (633,104 residents), and is part of the Memphis MSA (1.33 million residents), the commercial and cultural hub of the Mid-South