POPEYES AND INFINIHEALTH MEDICAL GROUP

INVESTMENT HIGHLIGHTS

Tenant Highlights

• Popeyes: Well-established brand with a loyal customer base and 2,900+ locations in the United States. Parent Company is Restaurant Brands International which encompasses ±30,000 restaurants worldwide.
• Hackensack Medical Group (InfiniHealth Medical Group): Premier destination for comprehensive pain management, orthopedic care, and spine surgery in central and northern New Jersey.

Property Highlights

• NNN Property: Tenants pay their share of CAM, Taxes, and Insurance.
• Healthy Sales: Popeyes produced a 7% rent-to-sales ratio in 2023 with sales estimated to increase this year.
• Strategically Located: Located on a hard signalized corner.
• Dense Infill Area: Situated approximately 12 miles from Manhattan, there are 584,000+ residents within 5 miles and 3,784,000+ within 10 miles.
• Hedge Against Inflation: Built-in rental increases – 2% annually from Popeyes and 3% annually from Hackensack Medical Group.
• Vibrant Retail Corridor: Essex Street is home to various small businesses, restaurants, cafes, shops, and service providers.
• Affluent Area: Average household income is approximately $113,000 within 3 miles of the property.
• Healthcare Hub: Across the street from Hackensack University Medical Center, one of the largest healthcare facilities in New Jersey.
• Community Events: Essex Street and the downtown Hackensack area often host community events such as street fairs, farmers markets, and holiday celebrations, drawing both residents and visitors.
• Transportation Hub: Easy access to public transportation making it a convenient location for businesses and residents who need to commute to New York City and other parts of New Jersey.