40+YEARS OF SUCCESSFUL OPERATING HISTORY AT THIS LOCATION

• Bojangles Corporate original lease commenced upon its opening on April 27, 1984
• Tenant went through its entire 40 year primary lease and options from 1984 to 2024.

ATTRACTIVE LONG TERM CORPORATE ABSOLUTE NNN LEASE

• Bojangles Corp. recently signed a 15-year extension with two additional 5-year options providing an investor long term passive income.
• Completely passive NNN investment – ZERO landlord responsibilities
• Attractive 10% increases every 5 years in the Primary and Option Terms

SIGNIFICANT $600k+  REMODEL IN 2025

• Upon the recent 15-year lease extension, Tenant completed a remodel of over $600,000.
• This is the second significant remodel to the subject property during Tenant’s occupancy.

STRONG PUBLICLY TRADED TENANT – NASDAQ: BOJA

• $547 million in Revenue (FY 2021)
• 45+ years in business
• ~800 U.S. locations across 17 states
• ~9,000 employees

COVID-19 AND ECOMMERCE RESISTANT BUSINESS

• Fast food drive thru buildings were one of the few Essential Services that were allowed to remain open for business throughout the pandemic

HIGH TRAFFIC CORNER LOCATION OFF INTERSTATE 40

• Ideally located at a hard corner near the on/off ramp to Interstate 40 providing tremendous visibility to commuters to/from the freeway
• High Traffic:
  • Elm Eugene Street – 20,500 CPD
  • Interstate 40 – 154,000 CPD
• Located less than two miles from downtown Greensboro

DENSELY POPULATED TRADE AREA WITH IDEAL DEMOGRAPHICS

• 169,967 people in a 5-mile radius
• 66,158 households in a 5-mile radius
• $45,650 average household income in 1-mile radius

BUILT IN CUSTOMER BASE – SURROUNDED BY CITY AND CORPORATE HEADQUARTERS

• Bojangles is surrounded by several City and Corporate Headquarters including:
  • City of Greensboro headquarters includes Greensboro Fire Station 11 and Greensboro Utilities Maintenance
  • Greensboro Transit Authority
  • Greensboro Garbage & Solid Waste
  • Automotive Fasteners Inc
  • Evonik Stockhausen

BOJANGLES CORP IS HEADQUARTERED IN NORTH CAROLINA

• Subject property is located in the home state of Bojangles corporate headquarters and has a tremendous following from this local eatery