Investment Overview

LOCATION HIGHLIGHTS HIGH AHI MARKET LOCATED APPROXIMATELY 20 MILES SOUTHEAST OF MEMPHIS • Outparcel to a 110K master-planned development that includes Walmart (2.7M visitors/ year), Lowe’s (652K visitors/year), Courtyard by Marriott, Discount Tire, Chick-fil-A, Chipotle, Panda Express and LongHorn • Olive Branch, located in DeSoto County, is a highly affluent market within the Memphis MSA • $100K median household income - Nearly 2x Memphis • Olive Branch is the #1 best place to live in DeSoto County and has the #1 Public School System in the Memphis MSA • 40% population growth since 2010 • Over 102,000 residents within the 5-mile radius • 82% homeownership - highly stable, affluent residential base • Close proximity to FedEx World Hub • 940-acre Super-Hub featuring 171 aircraft gates with millions of square feet of distribution facilities • Over 300,000 employees that operate nearly 300 flights/day and process approximately 500,000 packages/hour • High traffic location on New Goodman Road (Highway 302) • Highway 302 serves as the main East/West connector through Olive Branch and DeSoto County (ADT of nearly 32K cars/day) • Close proximity to US 78, the regional highway connecting Memphis to Birmingham (ADT of 36K cars/day) • Close proximity to Dove’s Landing • A 170-acre, $300M, mixed-use development that will feature 720 residential units, nearly 20 commercial units, a grocery store and street retail TENANT HIGHLIGHTS JIM ‘N NICK’S CURRENTLY OPERATES OVER 60 UNITS AND IS RAPIDLY EXPANDING • Jim ‘N Nick’s, founded in 1985 in Birmingham, AL currently operates 62 units across 7 southeastern states • Opened 8 units in 2025 and plan to open 10+/- in 2026 • Reported sales of over $200M • Owned by Roark Capital, the owners of Subway, Buffalo Wild Wings and Dunkin’ • Roark manages over $40 Billion in assets LEASE TERMS/PROPERTY HIGHLIGHTS NEW LONG-TERM NNN GROUND LEASE WITH ESCALATIONS • New 15-year Absolute NNN Ground Lease • 10% rental escalations every 5 years during the initial term and 15% in every option period • High performing unit • Since opening in June, this location has consistently been a Top 3 Performing Unit in the chain and well above the Jim ‘N Nick’s AUV of approximately $4.4M • Newly constructed, state-of-the-art 4,225 SF building on 1.5 acres • Estimated construction cost of over $3M (Excluding FF&E) • One of the only restaurants in the industry featuring a full bar, outdoor patio, and double drive-thru