$1,017,945 | 6.65% CAP6584 CAROLINE ST.MILTON, FL 32570

S T E V E N DS T E V E N D AA V I SV I S S E A N S T E P H E N S O NS E A N S T E P H E N S O N A N D R E W T H O M AA N D R E W T H O M A S K N I G H TS K N I G H T

480.429.4580 480.429.4580 314.994.4268

steven@retail1031.com sean@retail1031.com NECBinc@gmail.com

RETRETAIL INVESTMENT GRAIL INVESTMENT GROUP, LLOUP, LLCC

8255 E RAINTREE DR SUITE 100, SCOTTSDALE, AZ 85260

480.429.4580

RETAIL1031.COM

A N D R E W T H O M AA N D R E W T H O M A S K N I G H TS K N I G H T

Broker of Record

FL #BK 3287452

S E A N S T E P H E N S O NS E A N S T E P H E N S O N

Senior Associate

480.429.4580

sean@retail1031.com

AZ #SA672380000

S T E V E N DS T E V E N D AA V I SV I S

Managing Member

480.429.4580

steven@retail1031.com

AZ #BR101032000

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

INVESTMENT SUMMARYINVESTMENT SUMMARYRetail Investment Group is pleased to be the listing agent for Church's Chicken in Milton, Florida. This property has a 15-year absolute NNN lease, a personal guarantee and has 2% increases annually. This property is situated on 0.29 acres of land and the building itself is 1,880 square feet. This location is on Caroline St., which sees ±37,000 vehicles per day. Well-known retailers surround this Church's Chicken property, including: Dollar Tree, Papa John's, Arby's, Texas Roadhouse, Pizza Hut, Walgreens, Waffle House, Domino's Pizza and more. Florida is also an income tax free state.

CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

INVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTS• Bite Sized Deal

• Absolute NNN

• 2% Increases Annually

• 14+ Years Remaining on Lease

• Florida: Income Tax Free State

• Rent is $71,784 minus 5.7% Florida Rental Tax ($4,092)

• Caroline St. sees ±37,000 VPD

• Surrounded by Numerous Retailers: Arby's, Dollar Tree, Firehouse Subs, Texas Roadhouse, Papa John's and More

PROPERTY INFORMATIONPROPERTY INFORMATION

Address: 6584 Caroline St.Milton, FL 32570

Price: $1,017,945

Cap Rate: 6.65%

NOI $67,693

Lessee: Wyatt Restaurant Group, LLC

Building Size: ±1,880 Square Feet

Land Area: ±0.29 Acres

Lease Expiration: 09/30/2034

Options: (2) 5-Year Options

Lease Type: Absolute NNN

Increases: 2% Annually

Guarantee: Personal Guarantee

ROFR: 30 Days

CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

ABOUT THE CITY | MILTON, FLORIDAABOUT THE CITY | MILTON, FLORIDAThe city of Milton, the county seat of Santa Rosa, is located in the western panhandle of Florida, just north of Pensacola and adjacent to the Blackwater River. Milton is among one of the oldest cities in Florida, established before Florida was even a state. It is currently home to±10,269 people. Because of the close access to Blackwater, Coldwater and Sweetwater Rivers, Milton is a transportation hub for timber, lumber, brick, naval stores and ship building industries.

Milton is known for its history, but is described as a "vibrant, progressive city, balancing small town charm and modern urban life." Riverwalk Park, Gill-Bass Park, Veterans' Memorial Plaza, Historic Bagdad Village, L&N Train Depot, and the 1912 Imogene Theater are just a few of the historic landmarks and attractions Milton has to offer. Milton has over a handful of golf courses but is known as the Canoe Capital of Florida. The multiple waterways running through the city are perfect for paddlers, rafters, tubers and campers seeking adventure in the great outdoors.

CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

ABOUT THE BRAND | CHURCH'S CHICKENABOUT THE BRAND | CHURCH'S CHICKENIn 1952, George W. Church opened the very first Church's Chicken To-Go restaurant in San Antonio, Texas. Today, the Church's Chicken headquarters is in Atlanta, Georgia, and the company is bringing in an estimated $1.2 billion in revenue annually.

Church's Chicken is all about "Bringin' That Down Home Flavor" by creating delicious southern comfort foods for over 60 years. Church's Chicken is known first and foremost for their fried chicken, but also offer a variety of sides like mashed potatoes and gravy, baked macaroni and cheese, fried okra, cole slaw, corn on the cob, french fries, jalapeno cheese bombers, and honey-butter biscuits.

The company is also passionate about giving back. Church's Chicken has partnered with No Kid Hungry since 2016. Church's was named the Dine Out for No Kid Hungry Newcomer of the Year after finding great success in fundraising. To date, Church's Chicken has raised over$700,000 for this cause resulting in 7 million nutritious meals for children across the country.

CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

PPOPULAOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

20192019 3,479 26,004 53,598

2024 (EST)2024 (EST) 3,868 28,518 58,425

MED. HOUSEHOLD INCOMEMED. HOUSEHOLD INCOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

20192019 $51,571 $52,004 $55,693

HOUSEHOLDSHOUSEHOLDS 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

NUMBER OF HHNUMBER OF HH 1,427 10,119 19,081

MED. HH VALUEMED. HH VALUE $74,339 $139,878 $150,487

TRTRAFFICAFFIC CCARAROLINE STOLINE ST DOGDOGWOOD DRWOOD DR STEWSTEWARART STT ST

VEHICLES PER DAYVEHICLES PER DAY ±37,000/day ±22,500/day ±16,300/day

CHURCH'S CHICKENCHURCH'S CHICKEN MILTON, FLORIDAMILTON, FLORIDA

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 theaccuracy 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.

RETRETAIL INVESTMENT GRAIL INVESTMENT GROUP, LLOUP, LLCC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM

S T E V E N DS T E V E N D AA V I SV I S

Managing Member

480.429.4580

steven@retail1031.com

AZ #BR101032000

S E A N S T E P H E N S O NS E A N S T E P H E N S O N

Senior Associate

480.429.4580

sean@retail1031.com

AZ #SA672380000

A N D R E W T H O M AA N D R E W T H O M A S K N I G H TS K N I G H T

Broker of Record

FL #BK 3287452