CIRCLE K SALE-LEASEBACK

INVESTMENT HIGHLIGHTS:

ATLANTA MSA ADVANTAGE:

• Atlanta MSA has the 5th largest population in the US with over 5.9 million residents
• 30 companies with headquarters in Atlanta MSA are among the 2020 Fortune 1000
• 16 ranked in the elite Fortune 500
• Georgia has been named the #1 state for business climate and for doing business for the last 6 years (Site Selection & Area Development)
• For the last 5 years, Atlanta has been among the top 5 metro areas in the nation for most net migration
• Major industries include financial services, technology and telecommunications
• Forbes Rankings:
  • #13 Best Places for Business and Careers, #34 in Job Growth & #41 in Education

STRONG REAL ESTATE FUNDAMENTALS:

• Affluent, dense & high growth metro of Atlanta
  • Avg. Household Incomes: $65k (1-Mi); $89k (3-Mi); $100k (5-Mi)
  • Population: 6k (1-Mi); 31k (3-Mi); 73k (5-Mi)
• Pop. Growth since 2010: 26% (1-Mi), 16.5% (3-Mi); 19% (5-Mi)
• Large parcel size of ±3.60 acres
• Fundamental real estate located at the hard corner of a signalized 4-way intersection
• Busy intersection with traffic counts of ±22,800 VPD along Sigman Rd
• Latest Circle K prototype with additional shop space
  • Gas Express will sign master lease

OPTIMAL LEASE STRUCTURE:

• Rare 20-year base term
• Four, 5-year renewal options
• Inflation hedge with 1.5% rent escalations every year throughout the entire lease
• Triple Net (NNN) lease with no landlord responsibilities
• Tax advantages with accelerated & bonus depreciation due to fee simple ownership (see page 5 for more details)

LARGE FRANCHISEE & DOMINANT BRAND:

• Largest Alimentation Couche-Tard franchisee in US
• Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN)
• Currently operate 70+ locations in GA, 26+ year operating history, and headquartered in Atlanta, GA
• Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate)