Investment Overview

LOCATION- DENSE RETAIL LOCATION ON OUTER LOOP LESS THAN 17 MILES FROM DOWNTOWN *Located as an outparcel to Jefferson Commons- anchored by Academy Sports, ALDI, Michaels, and Five Below *Adjacent to Jefferson Mall- 950K SF mall anchored by BJ’s, Dillard’s, Titled 10, JCPenney, Ross, and with over 73 retail tenants *Additional major retailers in the immediate area include: Jefferson Court (anchored by Kroger, T.J.Maxx, and Boot Barn), Home Depot, Hobby Lobby, Sam’s Club, Ashley Furniture, and Walmart Supercenter *Less than 2 miles off Interstate 65- ADT of over 142,000 cars/day *Densely populated area of Louisville- nearly 180,000 residents within a 5-mile radius with an AHI over $81,000 *The Louisville MSA currently has over 1.3M residents with an expected growth rate of 1.3% over the next 5 years *Over 60 percent of the United States’ population is within a one-day drive of the Louisville metro, providing convenient access to major economic hubs and large population centers TENANT- STRONG TENANT/BRAND WITH OVER 800+ QDOBA’S ACROSS THE U.S. *QDOBA, established in 1995, currently has over 800 locations throughout 45 states, Puerto Rico, and Canada *The Tenant/Guarantor, North Fork Fresh Mex, LLC which was established in 2016, is the largest franchisee in the system with over 105 locations in 8 states *In 2023, North Fork announced they were committed to developing over 70 new QDOBA restaurants over the next seven years LEASE TERMS- RECENTELY EXTENDED ABSOLUTE NNN LEASE *Tenant recently exercised an option early and extended the Lease through August 31, 2035 Absolute NNN Lease *Fee-Simple asset allowing for depreciation benefits *10% increases every 5 years (next increase in 2030) including the two (2), five (5) year option periods *State of the art construction built in 2015 with an outdoor patio area