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1716 MARTIN LUTHER KING JR. BLVD. | GREENVILLE, MS

PRICE: $2,131,032 | CAP: 5. 75%I N V E S T M E N T O F F E R I N G

EXECUTIVE SUMMARY

TACO BELL | GREENVILLE, MS

TACO BELL

PRICE:$2,131,032

CAP: 5.75%

NOI:$122,534

LOCATION:

BUILDING SIZE:

LAND SIZE:

GUARANTOR:

LEASE TYPE:

LEASE EXPIRATION:

LESSEE:

OPTIONS:

INCREASES:

ROFR:

1716 Martin Luther King Jr. BoulevardGreenville, MS 38701

±2,460 Square Feet

±0.71 Acres

K-MAC Enterprises, LLCwww.kmaccorp.com

Absolute NNN

December 31st, 2033

K-MAC Enterprises, LLC

(4) 5-Year Options

1% Annual Increases

None

RETAIL INVESTMENT GROUP

ACTUAL PROPERTY

Retail Investment Group is pleased to be the exclusive listing agent for Chick-fil-A in Topeka, Kansas. The subject property is ±4,730 square feet and is situated on 1.09 acres. There are ±18,640 vehicles per day on SW Wanamaker Road and ±10,995 vehicles per day on SW 17th Street. There are also ±33,700 vehicles per day on the nearby I-470 and ±20,575 on SW 21st Street.

There are many retailers nearby including Walmart, Sam’s Club, Best Buy, Plato’s Closet, David’s Bridal, Bed Bath & Beyond, Kohl’s, Lowe’s and the entire West Ridge Mall with ±90 other stores. Surrounding food establishments include McDonald’s, Applebee’s, Panera Bread, Denny’s Taco Bell, IHOP, Wendy’s, Cracker Barrel, Olive Garden, Red Lobster and more. The Regal West Ridge Movie Theater and West Ridge Lanes Family Fun Bowling Alley are also nearby along with multiple hotels. Apartments and single-family homes surround the area, with McCarter Elementary School and Topeka West High School both less than ±1.5 miles away. There is a population of ±90,735 within a 5-mile radius, and the annual average household income within 1-mile radius is $55,720.

PROPERTY OVERVIEW

TACO BELL | GREENVILLE, MS

• Long Term Absolute NNN Lease

• 14 Years Remaining on Lease

• (4) 5-Year Options w/1% Annual Increases

• K-Mac Enterprises Operates More Than 290 Locations

• Located int he Heart of Downtown Greenville, Mississippi with

Numerous Surrounding Retailers

• Excellent Rent to Sales Ratio - Sub 7% Rent to Sales

• Sales Increasing $100,000 Per Year

Investment Highlights

Retail Investment Group is proud to be the official listing agent for Taco Bell in Greenville, Mississippi. Offered for sale is a Taco Bell located in heart of Greenville, Mississippi. This property is ±2,460 square feet and sits on ±30,928 square feet of land. The property is surrounded by numerous supporting retailers including an anchor store of Krogers, along with PetSense pet store, Citi trends, Toshiba Business Solutions, Southern Bancorp Bank, Dollar Tree, Lowe’s Home Improvement, Walmart Super-center, Harbor Freight, Hibbett Sports, GameStop, Denny’s, Wendy’s, Sally Beauty, Oakes Toyota, Pizza Hut, and O’Reilly Auto Parts. This property is also located diagonally from the Greenville mall which includes 55+ stores including TJ Maxx, Belk, and JCPenney. Area Generators include Solomon Middle School, Akin Elementary School, Greenville Golf & Country club, Marine Corporation Greenville, Trop Casino Greenville, Mid Delta Regional Airport, Delta Regional Medical Center, Greenville’s largest employer with 1,000+ staff.

Martin Luther King Jr. Blvd: ±22,079 VPD

Bowman Blvd: ±9,708 VPD

Greenville is located on the eastern bank of Lake Ferguson, an oxbow lake from an old channel of the Mississippi River. This city boasts two casinos, one floating on the lake near the downtown area known as the Trop Casino Greenville, and the second just west of the city near the Greenville Bridge, known as Harlow’s Casino Resort. Greenville is also notorious for its historic sites and musical culture. Nelson Street is a historic strip of blues clubs that drew crowds in the 1940s and 1950s to the flourishing club scene to hear Delta blues, big band, jump blues and jazz. Record companies came here to recruit talent as well- it was the equivalent of Beale Street in mid-20th century Memphis.

The Mississippi Blues Commission was established to commemorate this music in Mississippi history and culture in Greenville, making it quite the tourist attraction. Southern Whispers Restaurant on Nelson Street was the second site identified on this trail, which was a stop on the chitlin’ circuit in the early days of the blues. The historic marker in front of the restaurant commemorates the importance of this site in the history of the development of the blues in Mississippi. Aside from music and history, Greenville has much to offer, with over 30,000 people and 7,000 students, you can find numerous retailers and shopping centers located throughout the city.

TACO BELL | GREENVILLE, MS

ABOUT ABOUT GREENVILLEGREENVILLE

AERIAL MAP

I-470: ±33,700 VPD

I-470: ±33,700 VPD

sw 17

th S

t: ±8

,755 V

PD

NTACO BELL | GREENVILLE, MS

ABOUT THE TENANTTaco Bell is the nation’s leading Mexican-inspired quick service restaurant (QSR) brand. They serve made-to-order and customized tacos and burritos, among other craveable choices, and are the first QSR restaurant to offer American Vegetarian Association (AVA)-certified menu items. Taco Bell and more than 350 franchise organizations operate nearly 6,500 restaurants across the United States that proudly serve about 40 million customers every week. K-Mac Enterprises is a leading quick-service restaurant franchisee founded in 1964 and headquartered in Fort Smith, Arkansas. Over the company’s 50 year history, it has grown to become one of the largest franchisee restaurant businesses in the country. K-Mac currently operates 290 restaurants in the Taco Bell, KFC and Golden Corral Systems. The company has a regional concentration in the South Central region of the U.S., with restaurants located in Arkansas, Indiana, Illinois, Kentucky, Missouri, Mississippi, Oklahoma, Tennessee and Texas. K-Mac achieves over $400 Million in annuals revenues. K-Mac has continually upgraded its existing asset base, having completed over 30 significant remodels since 2011. Going forward, K-Mac remains focused on continuing to grow through acquisitions and new unit development, as well as improving existing store operations.

TACO BELL | GREENVILLE, MS

2,350+ Taco Bells Worldwide

$4.4m Avg. Sales Per Store

3rd Largest QSR in the US

& k-mAC eNTeRPRISeS

ADDITIONAL PHOTOS

TACO BELL | GREENVILLE, MS

Actual Property

2019 DEMOGRAPHICS

TACO BELL | MIDDLEBURG, FL

2010 Population

2019 Population

2024 Population

2010 Households

2019 Households

2024 Households

Martin Luther King Jr. Blvd:

Bowman Blvd:

GreenvilleGreenville

1-Mile 3-Mile 5-Mile VEHICLES PER DAY1-Mile 3-Mile 5-Mile

5-Mi

le Ra

dius

3-Mi

le Ra

dius

1-M

ile Radius

3,900 27,552 36,352

2,919 23,823 32,170

2,644 22,461 30,506

1,548 10,325 13,422

1,162 8,867 11,795

1,054 8,349 11,171

±22,079/VPD

±9,708/VPD

SwiftwaterSwiftwater

MetcalfeMetcalfe

Yellow BayouYellow Bayou

ElizabethElizabeth

AlmyAlmy

WintervilleWinterville

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Retail Investment Group and it should not be made available to any other person or entity without the written consent of Retail Investment Group.

By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Retail Investment Group. This offering memorandum has been prepared to provide summary, unverified financial

and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

Retail Investment Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. Additional information and an opportunity to inspect the Property will be made available upon written request to interested and qualified prospective investors.

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Retail Investment

Group has not verified, and will not verify, any of the information contained herein, nor has Retail Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.

All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

The information contained herein has been obtained from the owner of the property or from other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

If you have no interest in the Property, please return this Investment Offering Memorandum to Retail Investment Group, LLC.

8255 E Raintree Drive #100Scottsdale, AZ 85260T 480.429.4580 E info@retail1031.comwww.retail1031.com

Confidentiality& Disclaimer

TACO BELL | GREENVILLE, MS

4 8 0 . 4 2 9 . 4 5 8 0 | w w w . r e t a i l 1 0 3 1 . c o mSteven DavisManaging Member

AZLIC: BR101032000steven@retail1031.com

Mark McLooneSenior Associate

AZLIC: SA673250000mark@retail1031.com

c o n t a c t u s8 2 5 5 E R a i n t r e e D r i v e S u i t e 1 0 0 S c o t t s d a l e , A Z 8 5 2 6 0

Charles Montgomery, Jr.Mississippi Broker of Record

MSLIC: #18948