CHURCH S CHICKEN HUNTSVILLE, AL

Overview CHURCH S CHICKEN 1220 MEMORIAL PARKWAY NW, HUNTSVILLE, AL 35801 $2,502,888 PRICE 6.50% CAP LEASEABLE SF 1,850 SF LEASE EXPIRATION 2038 LAND AREA 0.98 Acres YEAR BUILT 2018 LEASE TYPE Absolute NNN LEASE TERM 20 Years New 20-year lease with 2% annual rental increases Major Draws - Across from Costco and The Home Depot Huge traffic counts of over 60,000 VPD Over 121,000 people within a 5-mile radius Huntsville is the fastest growing metro in Alabama This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 2

Investment Highlights THE OFFERING provides an opportunity to acquire a Church s Chicken in Huntsville, AL. The lease is absolute NNN so there are no landlord responsibilities. The brand new 20-year lease features very attractive rental increases of approximately 2% per year. The site is on N. Memorial Parkway (State Route 431) which is the primary north-south commercial arterial in Huntsville. Church s is directly across from The Home Depot and Costco who provide a massive draw to the trade area. Traffic counts exceed 60,000 vehicles per day. There are two personal guaranties and a corporate guarantee on this lease. Shawn Eby has 30 years experience with Burger King, Arby s, Taco John s, and Dairy Queen. While at Arby s Shawn Eby oversaw 545 locations and is a proven entity in the QSR segment. He currently has 11 operating stores with Church s Chicken, Captain D s, and Dog Haus with a number of others in planning or under development. There is also a corporate guaranty from Goal Restaurant Group, whom has the largest franchise agreement for Church s Chicken s in the system. THE RETAIL MARKET includes Costco, The Home Depot, Kroger, Starbucks, Dunkin Donuts, Five Guys, Krispy Kreme, and many others. Huntsville is the 2nd largest city in Alabama with close to 200,000 residents. It is home to 9 Universities, including University of Alabama which has an undergraduate population of over 8,000 students. This location, with over 60,000 vehicles per day, is one of the most traveled corridors in Huntsville. Contact the team JOE CACCAMO jcaccamo@capitalpacific.com PH: 415.274.7394 CA BRE # 01191110 JOHN ANDREINI Jandreini@capitalpacific.com PH: 415.274.2715 CA BRE # 01440360 CHURCH S CHICKEN 2016 SYSTEM-WIDE SALES OF $1.2 BILLION This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 3

Aerial GREENGATE SCHOOL FOR DYSLEXIA BIRMINGHAM 95 MILES SONNIE HEREFORD ELEMENTARY MONTVIEW ELEMENTARY UN ITY RS I VE 21,500 VPD EN IV DR W H&R BLOCK MADISON COUNTY MADISON COUNTY STATE OF ALABAMA MADISON COUNTY 60,800 VPD 43 1 PRA TT A VEN 565 STATE OF ALABAMA UE NW 431 MADISON COUNTY MADISON COUNTY This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 4

Surrounding Area Retail 5

Income & Expense PRICE $2,502,888 Capitalization Rate: 6.50% Total Rentable Area (SF): 1,850 Lot Size (AC): 0.98 STABILIZED INCOME Scheduled Rent $162,688 Effective Gross Income $162,688 LESS Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING INCOME $162,688 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 6

Rent Roll TENANT INFO LEASE TERMS RENT SUMMARY TENANT NAME SQ. FT. CURRENT RENT MONTHLY RENT YEARLY RENT Church s Chicken 1,850 Year 1 $162,688 $13,557 $162,688 Years 2-20 Annual Rental Increases of 2% TOTALS: 1,850 $162,688 $13,557 $162,688 *Tenant shall have three 5-year options. **Store opened and rent commenced May 5th, 2018. ***This is a 20 year lease with 2% annual rental increases This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 7

Site Plan 1,850 RENTABLE SF 0.98 ACRES 19 SPACES DRIVE-THRU POLE SIGN This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must must verify verify the information the information and bears and bears all risk all for risk any for inaccuracies. any inaccuracies. 431 431 72 2 N MEMORIAL PARKWAY 8

Tenant Overview ABOUT CHURCH S CHICKEN Church s Chicken is a private, US-based chain of fast food restaurants specializing in fried chicken with over $1 Billion in revenues in 2016. The company, with more than 1700 locations in 25 countries, is the fourth-largest chicken restaurant chain in the US. In 2009, Church s Chicken was purchased by the San Francisco-based private equity firm Friedman Fleischer & Lowe, which operates the Church s brand through a wholly-owned subsidiary, Cajun Global, LLC. In 2011, Cajun Global, LLC issued debt that was rated BBB by Standard & Poor s. Cajun Global, LLC does not guarantee the lease. $1B 2016 REVENUES ABOUT THE OPERATOR / GUARANTORS The respective guarantors and Goalz Restaurant Group Power whom have a combined 30+ years of restaurant experience opening over 350 restaurants in their history. While at Arby s Shawn Eby oversaw 545 locations and is a proven entity in the QSR segment. The combined net worth of the guarantors is over $20M. FOR MORE INFORMATION ON OPERATOR CLICK HERE This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 9

Demographics POPULATION NASHVILLE (110 MILES) 1-MILE 3-MILES 5-MILES 2010 7,406 70,240 116,083 2017 7,598 72,860 122,197 2022 7,801 75,264 126,972 2017 HH INCOME HUNTSVILLE 1-MILE 3-MILES 5-MILES Average $44,080 $52,328 $60,838 TOP EMPLOYERS EMPLOYER # OF EMPLOYEES Cummings Research Park 35,000 BIRMINGHAM (95 MILES) Redstone Arsenal 32,000 Public School System 6,400 NASA 6,000 THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS IS OVER $60K This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 10

Location Overview HUNTSVILLE, ALABAMA HUNTSVILLE is the county seat of Madison County, Alabama, the second-largest city in the state. The city had a population of 194,057 people at the 2016 census. The Huntsville MSA population was estimated at 455,458 in 2018. Huntsville s main economic influence is derived from aerospace and military technology, being home to Redstone Arsenal, Cummings Research Park, and NASA s Marshall Space Flight Center. The city remains the center for rocket-propulsion research for NASA and the Army. Huntsville is also home of the University of Alabama with over 8,000 students. Approximately half of the university s graduates earn a degree in engineering or science, making the university one of the largest producers of engineers or physical scientist in Alabama. HUNTSVILLE EMPLOYMENT THE CITY OF HUNTSVILLE is the regional employment center of North Alabama. Over 110,000 regional commuters travel into the city each day, increasing the day time population of the city to approximately 750,000. It is one of the top advanced-manufacturing cities in the U.S. and home to Cummings Research Park, the second largest R&D Park in the U.S and fourth largest in the world. 455,000 HUNTSVILLE MSA POPULATION (ESTIMATED) This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 11

We d love to hear from you. JOE CACCAMO jcaccamo@capitalpacific.com PH: 415.274.7394 CA BRE # 01191110 JOHN ANDREINI jandreini@capitalpacific.com PH: 415.274.2715 CA BRE # 01440360 CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM: CHRIS KOSTANECKI JOE CACCAMO ZANDY SMITH ZEB RIPPLE JOHN ANDREINI RICK SANNER CHRIS PETERS DAVE LUCAS JACK NAVARRA This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.