SUBJECT PROPERTY
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INVESTMENT SUMMARY List Price $1,325,000 Land Acreage 0.76 Year Built 1993 NOI: $96,000 Cap Rate: 7.25% Building Size: 2,816 SF LEASE SUMMARY Lease Type Absolute NNN Ground Lease Taxes/CAM/Insurance Tenant Responsibility Roof/Structure Tenant Responsibility Parking Lot Replacement Tenant Responsibility Original Lease Term 20 Years Rent Commencement October 18, 2007 Lease Termination October 18, 2027 Term Remaining 14 Years Options Four, Five (5) Year Options 7% Increases Right of First Refusal Yes Lease Guarantor Christopher J. Doyle; Focus Ten of Florida, Inc. Focus Ten of Tampa Focus Ten of Greensboro INVESTMENT HIGHLIGHTS Absolute NNN Ground Lease Requires Zero Landlord Responsibilities Four (4), Five (5) Year Options Periods with 7% Increases Tenant Must Pay Additional Rent For Net Sales Exceeding $850,000 LOCATION HIGHLIGHTS Over 53,000 People within a 5 Mile Radius Average Household Income is Over $54,000 within a 5 Mile Radius The Subject Property is Located Right off of Forest Hills Road with Numerous Local and National Retail Tenants Surrounding the Site STORE HIGHLIGHTS Major Commercial Corridor with Over 150 Feet of Road Frontage Established Trade Area Approximately 45 Miles East of Raleigh Out Parcel to Walmart Supercenter Subject Property
INVESTMENT OVERVIEW Fortis Net Lease is pleased to present a free-standing Arby s Absolute NNN Lease Investment located in Wilson, NC on Forest Hills Road, just South of Raleigh Road Parkway. The initial lease term runs through 2027 and the lease is equipped with a 7% rent increases every ive years, as well in all of the ive year option periods. This is a great opportunity for an investor looking to purchase a passive income asset with zero management responsibilities. The tenant is responsible for all property taxes, CAM expenses, and insurance. The tenant is also responsible for capital expenditures such as the roof, structure, HVAC and parking. The subject property has over 53,000 people residing within a 5 mile radius and is located in a prime retail corridor hosting other national tenants such as McDonald s, Wendy s, Lowe s, Walmart, Chick- il-a, Sonic, and Staples. TENANT OVERVIEW Focus Ten of Raleigh, Inc. is a subsidiary of the Lease Guarantor, Focus Ten of Florida, Inc. (among other entities). Focus Ten is a 25 Unit Franchisee with Arby s restaurants located in North Carolina, Florida, and Virginia. Focus Ten of Florida, Inc. is based in Wesley Chapel, Florida and are primarily ran by a brother and sister. The companies employ roughly 400 people. Arby's restaurants specialize in the roast beef sandwich segment of the quick service restaurant industry. In addition to various slow-roasted roast beef sandwiches, Arby's offers a menu of chicken, turkey and ham sandwiches, snack items and salads. Arby's also offers Market Fresh wrap sandwiches inside a tortilla wrap. Subject Property
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LOCATION OVERVIEW Wilson, North Carolina Wilson attracts leading manufacturers and its industrial base is made up of pharmaceuticals, aerospace, automotive and more. There are over 130 manufacturers in Wilson County. Wilson is known for its irst class Soccer & Baseball facilities. The "]. Burt Gillerre Athletic Complex" has hosted the US Youth Soccer Southern Regional Championship games, The annual Boys and Girls "The Brittany Soccer Showcase" and also the NC Little League Division 6 Baseball Tournament and NC Little League State Tournament. Wilson is home to Barton College a fully accredited, four year, private, coeducational, liberal arts college. Wilson Community College provides a variety of educational programs, college transfer programs, has a new certi ied LEED Gold Green Building and is available for tours. Wilson is known for its museums and attractions: the North Carolina Baseball Museum, Imagination Station Science Museum, NC Museum of the Coastal Plain and the Nesrus Freeman Roundhouse Museum. Enjoy the Wilson Tobs Collegiate Team play at Historic Fleming Stadium. The Wilson Botanical Garden & Wilson Rose Garden are open daily sunrise to sunset. Wilson has 1500 hotel rooms. Southern hospitality and home town charm are a tradition here.
DEMOGRAPHICS 1 Mile 3 Miles 5 Miles Total Population 4,862 34,478 54,347 Total Number of Household 1,978 13,444 21,681 Population White 3,032 17,201 26,054 Population Black 1,475 14,035 22,990 Population Hispanic 232 2,682 4,622 Population Asian 53 279 418 Population Paci ic Islander 0 9 12 Population American Indian 2 49 106 Population Other 183 2,128 3,652 Persons Per Household 2.5 2.6 2.5 Average Household Income $63,948 $56,043 $53,175 Average House Value $208,641 $182,015 $162,756 Average Age 40.8 37.3 37.2 Average Age Male 36.7 34.2 34.9 Average Age Female 42 38.5 38.1
Over 325 Transactions Closed in the Past 24 Months FOR MORE INFORMATION CONTACT: DOUG PASSON dpasson@fortisnetlease.com SVN Fortis Net Lease www.fortisnetlease.com