RED LOBSTER

INVESTMENT HIGHLIGHTS

• LONG-TERM NNN LEASE – Red Lobster operates under a 25-year Absolute NNN lease with ±14.5 years remaining, providing a passive and growing stream of income with a globally recognized brand.

• STRUCTURED RENT GROWTH – The lease includes 2% annual rental increases starting in 2027, providing consistent NOI growth and hedge against inflation.

• ESTABLISHED LOCATION – Red Lobster has operated at this location since 2014, demonstrating long-term success and tenant commitment in a high-performing trade area.

• PRIME RETAIL LOCATION IN A HIGH-TRAFFIC CORRIDOR – The property is located along Independence Blvd (±57,000 VPD), near Loop 485 (±45,500 VPD), with excellent visibility and accessibility in Matthews, a thriving suburb of Charlotte, NC.

• SURROUNDED BY NATIONAL RETAILERS & MAJOR EMPLOYERS – The site benefits from strong consumer traffic, positioned near Costco, Target, Home Depot, Walmart, Lowe’s, and numerous QSR and casual dining chains, promoting steady foot traffic.

• RAPIDLY GROWING AND AFFLUENT TRADE AREA – The 5-mile radius population is ±176,212, with a projected 5.66% growth rate over the next five years, and an average household income of $134,472, reflecting strong consumer spending power.

• HIGH BARRIER-TO-ENTRY MARKET – Matthews is part of the Charlotte MSA, one of the fastest-growing metros in the U.S., with continued residential and commercial development, further increasing real estate demand and property value.

• STRENGTHENED CORPORATE STRUCTURE & FINANCIAL STABILITY – Red Lobster has undergone a strategic corporate restructuring, securing new leadership and financial backing with goals to drive long-term growth. With a renewed focus on menu innovation, operational efficiency, and real estate optimization, the brand is positioned for sustained success and reinforcing its value as a net lease tenant for investors.