Ground Lease Popeyes | Great Underlying RE Fundamentals 135 St. James Ave. | Goose Creek, SC (Charleston MSA)

Representative Photo

FOR FURTHER INFORMATION

Phil Rosemobile 843.270.3280web phil@twinriverscap.com

125-G Wappoo Creek Drive Charleston, SC 29412

phone (843) 722.9925fax (843) 722.9947web twinriverscap.com

Property Information ....................................................3

Locator Map .................................................................. 4

High Aerial .....................................................................5

Retail Map ...................................................................... 6

Site Aerial ...................................................................... 7

Site Plan ........................................................................8

Elevations ......................................................................9

Tenant & Lease Information ...................................... 10

Financials .................................................................... 11

Demographics & Business Overview ....................... 12

About Us ...................................................................... 13

Table of Contents

135 St. James Ave.Goose Creek, SC

Property and LocationHighlights

Property Information

> GREAT TRAFFIC; 38,700 VPD> STRONG REAL ESTATE FUNDAMENTALS WITH A HIGH LAND VALUE> LOW PRICE POINT> 10 YEAR LEASE WITH UNUSUALLY HIGH 3% YEARLY INCREASES> 2, 5-YEAR OPTIONS> ESTABLISHED MULTI-UNIT OPERATOR> LEASE COMMENCEMENT 5/1/18> INITIAL BASE RENT: $76,000> GROWTH AREA WITH NEW RETAILERS AND RESIDENTIAL DEVELOPMENT > AVERAGE CAP RATE DURING BASE TERM = 5.73%> CORNER LOCATION

> DEMOGRAPHICS 1 Mile 3 Mile 5 MilePopulation 2018 7,167 61,941 120,455Projected Population 2023 7,499 67,475 132,935Average HHI $62,998 $69,565 $67,566

2,268SF

+220’FRONTAGE

GOOSE CREEK, SC

Goose Creek, the municipality that Business Week called the best place to raise a family in South Carolina, is located only 18 miles from the international tourist destination of Charleston and the pristine beaches of coastal South Carolina. It is situated perfectly between the state’s Boeing plant to its south, and Volvo’s automotive plant to its north, both of which have turned the region into a hotbed of industrial growth.

Locator Map

SITEGoose Creek

Mt. Pleasant

Charleston

North Charleston

High Aerial

SITE

Retail Map

Pásala bien.

From PDF

SITE

Site Aerial

(existing buildingwill be removed)

SITE

Site Plan

C.1SCALE-1"=20'-0"SITE PLAN

100' R/WSC HWY. 176

50' R/WETLING

AVE.

9'-0"

18'-0"

19'-8"

18'-0"

9'-0"

25'-0"

14'-0"

10'-0"

14'-0"

10'-0"

5'-2"

32'-6"

78'-0"

1'-0"

90°

90°

25'-0"

25'-0"

PREVIEW BOARDPAINT STRIPE

EXTERIOR MENUBOARD

SPEAKER POST, OCB

AND CANOPY CAPTURE

4TH CAR IN STACKING

ORDER AT 60'+ FROM

C/L AT MID WINDOW

HAND RAIL

BOLLARD

BOLLARD

DUMPSTER ENCLOSURE

BLACK

CONCRETEPAD

PLANTER

POPE

YES

TYP.

46-S

EAT

BLDG

2268

S.F

. GRO

SS

CLEARANCE

POST

25'-0"

DIRECTIONAL SIG

N

[OPTIO

NAL]

9'-0"

18'-0"

90°

9'-0"

18'-0"

90°

By Howard Robertson at 1:27 pm, Oct 09, 2017

Provide a single dumpsterenclosure unless the garbagecollection company providesrecycling service.

Elevations

By Howard Robertson at 1:57 pm, Oct 09, 2017

LEASE INFORMATION

> 10 year lease with 3% yearly increases

> Two 5-year options

> No landlord responsibilites

> Ground lease

Tenant & Lease Information

TENANT PROFILE

Tenant: Popeyes Louisiana Kitchen

Founded in New Orleans in 1972, Popeyes has more than 40 years of history and culinary tradition. Popeyes distinguishes itself with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. The chain’s passion for its Louisiana heritage and flavorful authentic food has allowed Popeyes to become one of the world’s largest quick service restaurant chicken concepts with over 2,600 restaurants in the U.S. and around the world.

Key financial highlights for the company for the quarter ending June 30, 2018, include:

> Q2 financial results indicate that Popeyes managed to achieve double-digit profit growth by accelerating its restaurant expansion activity.

> System-wide sales at Popeyes skyrocketed from 3.3 percent in Q2 2017 to 10.7 percent Q2 2018.

> Comparable Sales grew from 2.7 to 2.9 percent.

> Net restaurant growth was increased from 5.3 to 7.5 percent.

NASDAQ: PLKI

Financials

Rent Roll

Absolute NNN Lease 135 St. James Ave., Goose Creek, SC

Price SummaryPrice $1,520,000Cap Rate 5.0% NOI $76,000

TENANT LAND AREA LEASE START/EXPIRATION

MONTHLYRENT

ANNUALRENT OPTIONS

Popeye’s

1.2 acreswith2,268

Improvements from Tenant

May 1, 2018 /April 30, 2028

Year 1$6,333

Year 1$76,000

Year 11$102,137

Year 16$118,405

10 years with 3% yearly

increases

Two 5-year options

Demographics & Business Overview

Goose Creek is part of the Charleston-North Charleston-Summerville MSA. This area has experienced unprecedented business growth and economic diversifica-tion, with both multinational corporations and fast-growing startups taking advantage of the globally competitive business environment.

42,039POPULATION

CITY OF GOOSE CREEK 17%POPULATION

GROWTH SINCE 2010

$64,118MEDIAN HOUSEHOLD

INCOME 33

MEDIAN AGE

AREA ECONOMIC DRIVERS

Military

$10.8 BillionECONOMIC IMPACT

Healthcare

2,000+PHYSICIANS

Creative

26,000+REGIONAL WORKFORCE

Tourism

5 Million+VISITORS ANNUALLY

Power Systems

TOPECONOMIC DEVELOPMENT ENGINE

WITH POTENTIAL IMPACT FOR DECADES

Higher Education

2.2 BillionLABOR INCOME

DEMOGRAPHIC PROFILE

TRC provides national retailers with a comprehensive solution for growing their business by developing new locations.

TWIN RIVERS CAPITAL, LLC

Twin Rivers Capital, LLC is a privately held real estate investment, development and brokerage company, founded in 2002 and headquartered in Charleston, SC. Focusing on the growth regions of the Southeastern US, TRC provides national retailers with a comprehensive solution for adding new locations. TRC has developed more than 1.2 million SF of real estate with values of nearly$200 million. TRC also handles third party brokerage, including tenant and landlord representation and investment brokerage services in FL, GA, SC, NC, VA, TN and AL.

Build to Suit • JV Programs • Preferred Developer for National RetailersBrokerage • Fee Development Programs

DAVID ABDOFAMILY DOLLAR

AUTOZONEMCDONALD’S

VERIZON

WALMARTDUNKIN DONUTS

DICK’SAT&T

HOBBY LOBBYSTARBUCKS

DOLLAR TREEEDWARD JONES

About Us

ClientRoster

YOUR TWIN RIVERS CAPITAL CONTACT

Phil RosePhil provides leasing and management services, with a focus on Tenant Representation, Landlord Representation and Retail Brokerage.

After receiving his SC Real Estate License in 2006, Phil worked with Retail & Investment Property Advisors, LLC/Carolina Retail. He has acted both as a tenant representative for companies such as Little Caesars, Cache, Trek, Cellular Sales, Verizon, Meineke/Maaco, and ZPizza and as a landlord representative for CVS Disposition as well as local and regional investors and property owners.

Phil is licensed in SC, GA and NC, and is a member of the International Council of Shopping Centers and the National Association of Realtors.

OFFICE 843.203.1668MOBILE 843.270.3280EMAIL phil@twinriverscap.comWEB twinriverscap.com