BURGER KING 5015 NEW JESUP HIGHWAY BRUNSWICK, GA OFFERING MEMORANDUM

BURGER KING 5015 NEW JESUP HIGHWAY BRUNSWICK, GA OFFERING MEMORANDUM

CONTENTS 03 EXECUTIVE SUMMARY 04 06 08 12 FINANCIAL OVERVIEW TENANT OVERVIEW PROPERTY OVERVIEW AREA OVERVIEW LISTED BY Mitchell Glasson Investment Sales Mitchell.Glasson@matthews.com DIR 949.432.4502 MOB 707.364.5650 LIC # 02016029 (CA) Wesley Connolly, MBA Senior Associate wesley.connolly@matthews.com DIR 949.432.4512 MOB 707.477.7185 LIC # 01962332 (CA) BROKER OF RECORD KYLE MATTHEWS LIC # 67120 (GA)

EXECUTIVE OVERVIEW INVESTMENT HIGHLIGHTS LONG-TERM, WORRY-FREE INVESTMENT Proven, Recently Remodeled Location! Consistent sales above $1.7M and extensive remodel to match the latest Burger King prototype! Long-Term Absolute NNN Lease ± 15 years on the lease with Tenant taking care of all landlord responsibilities including tax, insurance, maintenance, roof and structure Increasing Return! Percentage rent benefits the investor with exponentially growing sales EXCELLENT REAL ESTATE FUNDAMENTALS A+ Location in the Golden Isles of GA! Excellent visibility and traffic counts of ± 25,000 VPD, located near the Brunswick Golden Isles Airport (BQK) Travel Destination The I-95 (± 48,000 VPD) runs north directly to Savannah, Charleston, SC and Charlotte, NC & south through Jacksonville to Miami, FL Strong Corridor of National Tenants Nearby tenants include Starbucks, CVS, Chevron, Autozone, Advance Auto Parts, O Reilly Auto Parts, McDonald s, Taco Bell, KFC, Red Roof Inn & Suites, Motel 6, and Golden Isles Suites, among others PRIME MARKET Progressive Economy - Brunswick is the major urban and economic center of the state s lower southeast, based upon on tourism and logistics Port of Brunswick, GA Handles nearly 10% of total US trade, ranked #3 after the Ports of Los Angeles and Port of NY & NJ! Golden Isles of Georgia (Glynn County) Is composed of affluent, growing markets, with new development and a rich history with tourist attractions, music and food festivals, and home of the PGA Tour s RSM Classic SECURE TENANT AND GUARANTEE Nationally Recognized Operator - Premier Kings was named Franchise of the Year in 2015 for all Burger King operations in North America. It has also received multiple awards for being the Southeast Operator of the Year and recently won the Marketing Excellence award as well! Proven Record and High Growth - Established in 2011, Premier Kings currently owns and operates over 130 units with annual revenues exceeding $140M annually Guarantee Over 40 units in the Southeast region with national award recognition backing the tenant s successful history 3

FINANCIAL OVERVIEW 4

LIST PRICE $2,194,500 TERM REMAINING ± 15 YEARS CAP RATE 6.00% TENANT SUMMARY Tenant Trade Name Type of Ownership Lease Guarantor Lease Type Roof & Structure Original Lease Term Burger King Fee Simple Franchisee NNN Tenant Responsible 20 Years Lease Commencement Date 8/1/2013 Rent Commencement Date 8/1/2013 Lease Expiration Date 7/31/2033 Base Rent Percentage Rent $5,000 a month 7.50% of Sales See Broker for Details 3-Year Blended NOI $131,670 Right of First Refusal Years Remaining No ± 15 Years 5

TENANT OVERVIEW 6

PARENT COMPANY TRADE NAME RESTAURANT BRANDS INTERNATIONAL, INC OWNERSHIP PUBLIC BURGER KING Burger King Worldwide operates the world s #3 hamburger chain by sales with almost 15,000 restaurants in the US and more than 100 other countries. In addition to its popular Whopper sandwich, the chain offers a selection of burgers, chicken sandwiches, salads, and breakfast items, along with beverages, desserts, and sides. Many of the eateries are stand-alone locations offering dine-in seating and drive-through services; the chain also includes units in high-traffic locations such as airports and shopping malls. Burger King Worldwide is owned and operated by Restaurant Brands International. GEOGRAPHIC OUTREACH Burger King has restaurant locations throughout the US and more than 100 other countries. The US and Canada are responsible for about 65% of revenues. Like most other giants of the fast-food industry, Burger King has expanded its nationwide and international presence primarily through franchising. STRATEGY Burger King has been remodeling outdated restaurant interiors and modernizing obsolete technology, thus positioning the company for future growth. Its goal is to have 40% of Burger King restaurants in the US and Canada on a modern image by the end of 2015. The company has also been steadily re-franchising locations with the goal of getting to a 100% franchised business model eventually. REVENUE $1.15 B NET INCOME ± $233.70 M NO. OF LOCATIONS ± 15,000 NO. OF EMPLOYEES ± 34,248 HEADQUARTERED MIAMI, FL WEBSITE WWW.BK.COM YEAR FOUNDED 1953 7

PROPERTY OVERVIEW 8

THE OFFERING THE PARCEL BURGER KING 5015 NEW JESUP HIGHWAY BRUNSWICK, GA 31520 SITE DESCRIPTION Number of Stories One Year Built/Renovated 2013/2016 GLA ± 3,226 SF Lot Size ± 1.33 Acres (57,935 SF) Parking Spaces 77 Surface Spaces Parking Ratio 23.87 : 1,000 SF Landscaping Professional Topography Generally Level Exterior Masonry Foundation Concrete Slab Framing Wood Roof Flat 9

SURROUNDING TENANTS 10

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AREA OVERVIEW 12

BRUNSWICK, GA Brunswick is a city in and the county seat of Glynn County, Georgia. As the major urban and economic center of the state s lower southeast, it is the second-largest urban area on the Georgia coast after Savannah and contains the Brunswick Old Town Historic District. Brunswick supports a progressive economy largely based on tourism and logistics, with a metropolitan GDP of $3.9 billion. The Port of Brunswick handles approximately 10 percent of all U.S. roll-on/roll-off trade third in the U.S., behind the ports of Los Angeles and Newark. The headquarters of the Federal Law Enforcement Training Center is located 5 miles north of the central business district of the city and is adjacent to Brunswick Golden Isles Airport, which provides commercial air service to the area. POPULATION 1-MILE 3-MILE 5-MILE 2022 Projection 3,653 27,054 54,107 2017 Estimate 3,567 25,956 51,563 2010 Census 3,434 24,458 47,985 Growth 2017-2022 2.42% 4.23% 4.93% Growth 2010-2017 3.86% 6.13% 7.46% HOUSEHOLDS 1-MILE 3-MILE 5-MILE 2022 Projection 1,486 11,009 21,289 2017 Estimate 1,447 10,512 20,172 2010 Census 1,340 9,550 18,278 Growth 2017-2022 2.73% 4.73% 5.54% Growth 2010-2017 7.94% 10.07% 10.36% PORT OF BRUNSWICK The Port of Brunswick is recognized as one of the most productive ports on the East Coast and is the sixth-busiest automobile port in the United States. Operated by the Georgia Ports Authority (GPA), the Port of Brunswick specializes in the handling of breakbulk, agri-bulk, and RoRo cargoes. The port includes three distinct terminals Mayor s Point Terminal, Colonel s Island Terminal and Marine Port Terminals. To remain well-positioned for future growth, continued upgrades to infrastructure have been a priority in recent years. On Colonel s Island s Southside, an additional 850 acres of auto-processing capacity was added; BMW returned to the Port of Brunswick, and Mercedes-Benz built a 70,000 square-foot vehicle preparation center, consolidating its Southeastern shipping operations and making the Port of Brunswick Mercedes-Benz USA s South Atlantic Hub. Including BMW and Mercedes, some 15 automobile manufacturers import and export vehicles through the Colonel s Island Terminal. Through its partnership with Bunge North America, one of the world s largest agri-business and food-stuff producers, agribulk tonnage has continued to increase dramatically. A new 10,000-ton grain storage tank was recently completed to accommodate additional volume. Today, the Port of Brunswick remains the second largest grain facility on the East Coast and the second largest auto port in the nation. INCOME Average Household Income Median Household Income 1-MILE 3-MILE 5-MILE $51,957 $57,334 $58,262 $41,819 $43,642 $42,436 13

TOP EMPLOYERS The Federal Law Enforcement Training Center (FLETC), a large agency of the United States Department of Homeland Security, is headquartered in Glynco, north of the city. A study conducted by Georgia Tech identified FLETC as the largest employer in Glynn County; it was further determined that FLETC s annual localized economic impact is in excess of $600 million. Southeast Georgia Health System is the largest private employer in Brunswick. Other major employers in Brunswick include King & Prince Seafood, GSI Commerce, Pinova and Gulfstream Aerospace. Wood pulp is produced by the Georgia-Pacific mill in Brunswick. The mill, which has been in operation since 1937, has the capability to produce over 800,000 metric tons of cellulose each year. Additionally, it is the largest single-site fluff production facility in the world. Hercules, a manufacturer, and marketer of chemical specialties operates a production facility on the north side of Brunswick. Jet aircraft manufacturer Gulfstream Aerospace has a presence at the city s airport. TOURISM Tourism is the single largest industry in the city and the county. Brunswick and the Golden Isles are a year-round resort community. Glynn County s coastal location is a recreational haven for residents and visitors alike. The county features award-winning golf courses, some of the besting fishing on the East Coast, as well as beautiful beaches on the four coastal islands. The five islands of Glynn County, Jekyll Island, St. Simons Island, Sea Island, Little St. Simons Island, and Blythe Island make up the Golden Isles, so named because of their vast marshes that turn a beautiful golden color in the fall. The islands beaches, resorts, shops, and historic sites annually attract visitors from around the world. 14

GOLDEN ISLES OF GEORGIA Within the Golden Isles, tourism is the key driver of economic activity, with an estimated impact of $1.1 billion in 2014. The resort operator, Sea Island Company is the area s largest employer. Of less economic significance, but still important to the area s appeal is the shrimping industry. Once known as the shrimp capital of the world, local shrimpers continue to supply fresh catch to restaurants and retailers throughout the Golden Isles and beyond. Because of its long and varied history and a mixture of disparate peoples, the Golden Isles enjoys a rich cultural heritage that locals work to preserve in a variety of ways. There is also a vibrant contemporary culture that manifests itself in a broad mixture of creative arts. Local theater productions, art exhibits, music festivals, culinary events, environmental expositions, art and photography shows are scheduled throughout the year. Popular venues include the Historic Ritz Theatre, Brunswick Actors Theatre, Mary Ross Park, Neptune Park, and the St. Simons Island Casino, home of the Island Players. St Simons Island, Georgia is home to the RSM Classic, a PGA Tour golf tournament. The event, which began in 2010, has added a second course for 2015 and expanded its field to 156. 15

CONFIDENTIALITY & DISCLAIMER STATEMENT This Offering Memorandum contains select information pertaining to the business and affairs of Burger King located at 5015 New Jesup Highway, Brunswick, GA 31520 ( Property ). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum for the Property, you agree: 1. The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller. Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

BURGER KING 5015 NEW JESUP HIGHWAY BRUNSWICK, GA OFFERING MEMORANDUM LISTED BY Mitchell Glasson Investment Sales Mitchell.Glasson@matthews.com DIR 949.432.4502 MOB 707.364.5650 LIC # 02016029 (CA) Wesley Connolly, MBA Senior Associate wesley.connolly@matthews.com DIR 949.432.4512 MOB 707.477.7185 LIC # 01962332 (CA) BROKER OF RECORD KYLE MATTHEWS LIC # 67120 (GA)