| Drive-through equipped former Wendy’s retrofitted for Dave’s Hot Chicken and delivered to the tenant in essentially brand-new condition following sign |
| Tenant is Dave’s Hot Chicken, a fast-growing, nationally and internationally expanding fast-casual restaurant concept specializing in Nashville-style |
| Dave’s Hot Chicken is backed by Roark Capital Group, one of the leading private equity firms in the restaurant sector |
| Lease is with Hot North Chicken LLC, a Michigan-based Dave’s Hot Chicken franchisee. |
| Ten year original lease term with 3 percent annual rent increases beginning in 2027. |
| Two five-year renewal options with 3 percent annual rent increases during each option period. |
Deno Bistolarides
Encore Real Estate Investment Services
