Investment Overview

* Top Performing Unit * Brand new 15-year Corporately Guaranteed Jim ‘N Nick’s Ground Lease located in Pensacola, FL * Jim ‘N Nick’s invested nearly $3M of their own capital into the improvements and FF&E- Property will consist of 6,296 total SF which includes a 1,344 SF patio, full bar, and double-drive thru * Jim ‘N Nick’s Community Bar-B-Q was established in 1985 out of Birmingham, AL and currently has 47 restaurants throughout Alabama, Georgia, South Carolina, Florida, North Carolina, and Tennessee - company is aggressively expanding with more stores currently under construction * 10% rental increases every five years * Signalized, hard corner location and an outparcel to BJ’s, Academy Sports, and JCPenney center that has over 4.6M annual visitors (per Placer.ai) * High traffic location- over 60,000 cars/day at the signalized intersection less than a mile off Interstate 110 that has over 93,000 cars/day * Incredibly dense retail corridor- Near Cordova Mall (Dick’s/Best Buy/Belk- 3.7M annual visits) Tradewinds Shopping Center (HomeGoods/T-J-Maxx- 2.1M annual visits), Village Oaks (PetSmart/Bealls/Planet Fitness- 1.4M annual visits), Pensacola Square (Hobby Lobby/Bealls Outlet/Books-A-Million- 1.8M annual visits), Home Depot, Lowe’s, Sam’s Club, Target, Texas Roadhouse, Cheddar’s, and over 12 hotels (all within approx. 1 mile) * Located near the Pensacola International Airport (over 3M passengers in 2024), Pensacola State College (8,500 students), and Pensacola Christian College (4,500 students) * Strong tourist destination area- in 2024 Pensacola had over 2.45M visitors creating an economic impact of approximately $2 Billion, with $1.3 Billion coming from direct spending by tourists- tourism supported over 18K jobs in the local economy and generated over $613M in salaries/wages * Pensacola has recently been ranked in the Forbes Top 100 cities for cost of doing business (5.8% lower than the U.S. average) * Top employers in the Pensacola region include: Navy Federal Credit Union (8,700), Baptist Health Care (5,400) Sacred Heart Health (4,800), and University of West Florida (2,400) * Densely populated area- over 140,000 residents within a 5-mile radius * Adjacent to a high performing Texas Roadhouse, Cheddar's and Bubba’s 33 Ground Lease (Texas Roadhouse concept)- one of the top Bubba’s 33 in the chain (40+ locations)