Investment Highlights

15-YEAR ABSOLUTE NNN GROUND LEASE TO WHATABURGER
» 15-year absolute NNN ground lease to a strong corporate tenant
» 10% rental increases every five years
» No landlord management, ideal for an out-of-area investor
» Whataburger is an iconic Texas fast food restaurant chain with more than 893 locations across 14 states and 50,000 employees
» The iconic Texas chain was family-owned until 2019, when the owners sold a majority stake to BDT Capital, a Chicago-based investment company, specifically to enable the growth and expansion of Whataburger beyond the Lone Star State
» In 2021, Newsweek ranked Whataburger #2 for “Fast-Food Restaurant Chains” in its annual “America’s Best Customer Service” list
» 2023 high-quality construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue

ACCESS TO OVER 71K VEHICLES PER DAY IN A DENSE RETAIL CORRIDOR
» Convenient location along U.S. Highway 441 (21,600 AADT) with beneficial proximity to Interstate 85 (49,600 AADT)
» Across the street from Walmart Supercenter in a dense retail corridor
» Excellent visibility directly in front of Factory Direct Wholesale Corporate Office and The Shoppes at Banks Crossing and less than a mile from Tanger Outlets (70 stores), promoting cross-over traffic
» Minutes from several well-attended K-12 schools with a student population of over 1,200 and five miles from Lanier Technical College – Jackson Campus (3,701 students)
» Near many large hotel chains with over 842 guestrooms, providing access to an ideal and consistent customer base

PRIME LOCATION NEAR POPULOUS GEORGIA CITIES
» 14,008 residents within five miles of the property
» Average annual household income of $68,895 within a five-mile radius (projected to increase 11% by 2027)
» Gateway to Athens, a populous college town and the sixth-largest city in Georgia with 127,315 residents
» 70 miles from Atlanta, the state capital and most populous city (498,715 residents)
» 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

» Whataburger is in a dense retail corridor along U.S. Highway 441 (21,600 AADT) with excellent visibility near Interstate 85 (49,600 AADT)
» The property is across the street from Walmart Supercenter and directly in front of Factory Direct Wholesale Corporate Office and The Shoppes at Banks Crossing and with beneficial proximity to Tanger Outlets Commerce (70 stores), promoting cross-over traffic
» The site is minutes from several well-attended K-12 schools with a student population of over 1,200 and just five miles from Lanier Technical College -Jackson Campus (3,701 students)
» The location is conveniently near many large hotel chains with over 842 guestrooms, providing access to an ideal and consistent customer base
» 14,008 residents with an average annual household income of $68,895 live within a five-mile radius with the income projected to increase 11% by 2027, poising Whataburger and Commerce for concurrent growth
» Supported by Georgia’s pro-business climate which has been ranked #1 in the nation for the eighth consecutive year by Site Selection with Area Development ranking Georgia as the top state for doing business for the seventh year in a row
» The location is a gateway to Athens, a populous college town and sixth-largest largest city in Georgia with 127,315 residents
» The site is 70 miles from Atlanta, the state capital and most populous city in Georgia (498,715 residents)