SOLD – Bonefish Grill

Marketing Description

THE ASSET

Absolute Ground Lease

Zero Landlord Responsibilities

Corporate Lease with Bloomin’ Brands

Publicly Traded Company

NASDAQ: BLMN

Bonefish Grill Has Over 200 Locations Nationwide

Initial Term Until 9/30/2032

Relocation Store From Within The Trade Area

10% Rent Escalations Every 5 Years Of Initial Term

4, 5 Year Options

10% Rent Escalations In Every Renewal

Investment Highlights

PROPERTY FUNDAMENTALS

• Outparcel to Harris Teeter and Home Depot shopping center
• Strong Traffic Counts With Over 86,000 Cars Daily
• E Independence Blvd: 57,084
• Hwy 51: 29,126
• Located In Affluent Charlotte Suburb With High Average Household Incomes
• 3 Mile HHI: $91,767
• 5 Mile HHI: $99,673
• New Construction Set To Be Completed in March 2022
• Located 11 Miles From Downtown Charlotte
• Population Within 5 Miles Expected To Grow Almost 7% By 2025