Investment Highlights

15-YEAR ABSOLUTE NNN GROUND LEASE TO WHATABURGER
» 15-year absolute NNN ground lease to a strong corporate tenant
» 10% rental increase in year 11 and 8% rental increases every five (5) years thereafter
» 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
» New 2022 high-quality construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue

PROMINENT HARD CORNER LOCATION IN BUFORD’S MAIN RETAIL CORRIDOR WITH ACCESS TO OVER 217K VEHICLES
» Conveniently located at the Brand Smart Way and State Route 20/Buford Drive (50,900 AADT) signalized hard corner
» Excellent freeway visibility and access to 167,000 vehicles per day on Interstate 85
» Prime location in Buford’s main retail corridor with proximity to the Mall of Georgia (225 stores), the largest mall in Georgia visited by 15 million shoppers per year with nearby national tenants such as Costco, Sam’s Club, Target, Sprouts Farmers Market, Chipotle, Starbucks, and many more
» Near well-attended schools including Georgia Gwinnett College (10,949 students), PCOM Georgia (1,741 students), Mountain View High School (2,660 students), and numerous others

DENSELY POPULATED AND AFFLUENT COMMUNITY WITH ACCESS TO THE LARGE ATLANTA TRADE AREA
» Part of The Exchange at Gwinnett, a new $350M master development with over 465,000 SF retail space and over 1,000 new multi-family units
» Walking distance to several large apartment complexes and surrounded by many large single and multi-family developments
» 170,298 residents within a five-mile radius (22% growth since 2010)
» Average annual household income of $123,080 within five miles of the property (projected 17% increase by 2027)
» Gateway to Downtown Atlanta, the most populous city in Georgia (498,715 residents), and part of the 9th largest metro area in the U.S. (over six million people)

Property Description

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» The property is conveniently located at the Brand Smart Way and State Route 20/Buford Drive signalized hard corner with excellent visibility and access to 50,900 vehicles per day. Additionally, the property has excellent freeway visibility with access to 167,000 vehicles per day along Interstate 85
» Prominent location within The Exchange at Gwinnett, a new $350M master development with over 465,000 SF retail space and over 1,000 new multi-family units and surrounded by many large single and multi-family developments
» Prime location in Buford’s main retail corridor with proximity to the Mall of Georgia (225 stores), the largest mall in Georgia visited by 15 million shoppers per year with nearby notable tenants such as Costco, Sam’s Club, Target, Sprouts Farmers Market, Chipotle, Starbucks, and many more
» 170,298 residents (22 percent growth since 2010) with an average annual household income of $123,080 live within five miles of the site. The average annual household income is projected to increase 17 percent by 2027, poising Whataburger and Buford for concurrent growth
» The property is centrally located near well-attended schools including Georgia Gwinnett College (10,949 students), PCOM Georgia (1,741 students), Mountain View High School (2,660 students), and numerous others
» 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)
» 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