Investment Overview

TOP PERFORMING RETAIL CORRIDOR ON GUNBARREL RD (23,498 VPD) OFF INTERSTATE 75 (108,811 VPD) • Property is surrounded by top performing big box retailers including Home Depot (Top 3%), Lowe’s (Top 3%), Publix (Top 9%), Trader Joes (Top 12%), Walmart (Top 13%), PetSmart (Top 1%), Rooms to go (Top 8%), and more. • Located near Interstate 75 with exposure to more than 108,000 vehicles per day with excellent visibility and access on along Gunbarrel Road (23,498 VPD). • The property is positioned within the Hamilton Place retail trade area, one of Chattanooga’s premier retail corridors featuring more than 180 retailers and restaurants, 1.2M+ square feet of retail space, and over $550M in annual sales. It is the 2nd highest performing mall in the state that attracts over 7 million visitors annually. SUPERIOR DEMOS | 5 MILE POP: 105,149 & AVG HHI: $104,341 • The 5-mile trade area population exceeds 105,000 residents and has experienced more than 3.2% population growth since 2020, with continued growth projected through 2030. • Affluent consumer base with average household incomes exceeding $104,000 within 5 miles of the property. • Dense and growing trade area supported by more than 44,000 households within a 5-mile radius. CHATTANOOGA, TN | 441,000+ METRO POPULATION & 11M+ ANNUAL VISITORS • Chattanooga is a rapidly growing Southeast market with a metro population exceeding 441,000 residents and strong long-term economic fundamentals. • The local economy is anchored by major employers including Volkswagen, Amazon, BlueCross BlueShield of Tennessee, and leading regional healthcare systems • Chattanooga attracts more than 11 million visitors annually and generates approximately $1.8 billion in annual tourism spending. CHUY’S | CORPORATE TENANT RECENTLY ACQUIRED BY DARDEN RESTAURANTS • Chuy’s was acquired by Darden Restaurants in a $605 million all-cash transaction in October 2024, significantly strengthening the long-term credit profile of the tenant. • Darden Restaurants is one of the largest full-service restaurant operators in the United States and the parent company of nationally recognized brands including Olive Garden, LongHorn Steakhouse, Yard House, and The Capital Grille. • Founded in Austin, Texas in 1982, Chuy’s operates 101+ locations across 15 states and has established itself as a leading Tex-Mex restaurant concept with strong national brand recognition. • The acquisition positions Chuy’s for continued long-term growth through Darden’s operational expertise, marketing platform, and national infrastructure. CORPORATE GUARANTEED GROUND LEASE | 15% RENT INCREASE IN OPTION 1 • Chuy’s signed a 15 year lease in 2016 and has 5 years remaining on the corporate guaranteed lease. • There are three – 5 year option periods with a 15.3% increase in the first option, 7.65% in the second, and 7.81% in the third. • The Tenant is responsible for responsible for the roof, structure, HVAC, parking lot, CAM, taxes, insurance, and utilities. • The landlord maintains the parking lot & CAM and is fully reimbursed by the tenant. The tenants reimbursement has a 4% cap on expense reimbursement from the previous year.