SINGLE TENANT ABSOLUTE NNN 7.00% CAP RATE INVESTMENT

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1 SINGLE TENANT ABSOLUTE NNN 7.00% CAP RATE INVESTMENT 836 E COUNTY LINE RD RIDGELAND, MS Michael Carro, CCIM Senior Advisor, Principal mcarro@svn.com SVN SOUTHLAND COMMERCIAL 120 EAST MAIN STREET, SUITE D, PENSACOLA, FL SALE BROCHURE

2 Property Summary OFFERING SUMMARY Sale Price: $1,285,714 Cap Rate: 7.0% NOI: $90,000 Lot Size: Acres Building Size: 4,850 SF Renovated: 2018 Market: Jackson Submarket: Ridgeland Price / SF: $ PROPERTY OVERVIEW This is a single tenant restaurant investment located in Ridgeland, MS. on County Line Road with an AADT of 40,000 cars per day. This property has a new 10 year Absolute NNN lease with 5% increases every 5 years with Corporate Guarantee by Shrimp Basket. This Location is below market rent and will be open for business in November The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. Shrimp Basket is a 30 Unit Seafood Chain that is 100% Corporately owned and located in 5 Southeastern States. In August 2016, Harren Equity Partners purchased a majority interest from the original 2 owners and have hired the former President of Bubba Gump Shrimp Company to lead the expansion efforts of Shrimp Basket. A full set of financials will be provided upon agreed to terms. All restaurants are owned by one company and have a corporate guaranty. PROPERTY HIGHLIGHTS OPENING NOVEMBER 2018 Single Tenant Restaurant Corporate Guaranty Absolute NNN Lease with 5% Increases every 5 years 30 Unit Seafood Chain, all corporate units SINGLE TENANT RESTAURANT: 7.00% CAP RATE INVESTMENT 836 E COUNTY LINE RD RIDGELAND, MS SVN SouthLand Commercial Page 2

3 Retail Map SINGLE TENANT RESTAURANT: 7.00% CAP RATE INVESTMENT 836 E COUNTY LINE RD RIDGELAND, MS SVN SouthLand Commercial Page 3

4 Trade Map SINGLE TENANT RESTAURANT: 7.00% CAP RATE INVESTMENT 836 E COUNTY LINE RD RIDGELAND, MS SVN SouthLand Commercial Page 4

5 Location Maps SINGLE TENANT RESTAURANT: 7.00% CAP RATE INVESTMENT 836 E COUNTY LINE RD RIDGELAND, MS SVN SouthLand Commercial Page 5

6 Demographics Map POPULATION 1 MILE 5 MILES 10 MILES Total population 6, , ,365 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households 2,517 41,835 99,256 # of persons per HH Average HH income $58,967 $75,333 $67,900 Average house value $151,757 $219,933 $186,627 * Demographic data derived from 2010 US Census SINGLE TENANT RESTAURANT: 7.00% CAP RATE INVESTMENT 836 E COUNTY LINE RD RIDGELAND, MS SVN SouthLand Commercial Page 6

7 Michael Carro, CCIM MICHAEL CARRO, CCIM PROFESSIONAL BACKGROUND Senior Advisor, Principal Michael Carro is a CCIM and Commercial Broker Licensed in Florida and Alabama. He is a Principal at SVN SouthLand Commercial Real Estate with offices in Pensacola, Panama City and Tallahassee. Before starting SVN SouthLand Commercial, he was the 2009, 2010, 2011 & 2012 Top Producer for NAI Halford. He received the NAIOP 2010 Broker Deal of the Year Award and the NAIOP New Development of the Year in He was the Top Producer for SVN SouthLand Commercial in In 2016, he was the #1 Top Producer in the State of Florida, and the #3 Top Producer in the USA for SVN. He was also the recipient of the NAIOP Broker Deal of the Year Award in #1 Top Producer in the State of Florida for SVN 2016 #3 Top Producer in the USA for SVN 2016 NAIOP Broker Deal of the Year Award Winner Restaurant Background Founded The Restaurant Realty Network and TheRestaurantRealty.com 120 East Main Street, Suite D Pensacola, FL T C mcarro@svn.com FL #BK AL # Hosts The Restaurant Realty Show weekly on News Radio In 1999 and 2000 oversaw the acquisition of 120 Hardee s Restaurant locations in Springfield, IL; Biloxi, MS; Pensacola, FL; Huntsville, Montgomery and Mobile, AL Was a member of the International Hardee s Franchise Association (IHFA) and on the purchasing committee EDUCATION Graduated from the University of Arizona with a BS in Business Administration Member of the Alpha Tau Omega fraternity Cheerleader for the University of Arizona from 1987 to MEMBERSHIPS & AFFILIATIONS President of Gallery Night Pensacola Board Member for the Downtown Improvement Board Former President of Pathways For Change, a faith based sentencing option for non-violent criminal offenders. Former President of the Northeast Pensacola Sertoma and Sertoman of the Year in 2012 and Received the National President s Volunteer Service Award SINGLE TENANT RESTAURANT: 7.00% CAP RATE INVESTMENT 836 E COUNTY LINE RD RIDGELAND, MS SVN SouthLand Commercial Page 7