OFFERING MEMORANDUM

Absolute NNNSingle Tenant

BURGER KING

6080 SOUTH CONGRESS AVELAKE WORTH , FL 33462

Absolute NNN Single TenantCONTENTS

Exclusively Marketed by:

Isabel SalcedoCommercial AdvisorLic: LC 0708561(786) 402-6654Isabel@eliteinternational.com

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions,change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of theproperty. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

01 Tenant Overview BRAND PROFILE 3

OPERATOR PROFILE 4

Lease Summary 5

02 Investment Summary Offering Summary 6

Investment Highlights 7

Locator Map 8

Regional Map 9

Aerial Map 10

Parcel Map 11

03 Location Highlights Location Highlights 12

Demographics 13

BRAND PROFILE | Absolute NNN Single Tenant 3

BRAND BURGER KING

WEB SITE www.BK.com

LOCATIONS OVER 12,000 WORLD WIDE

GUARANTEE 3G Capital

BRAND PROFILE

OPERATOR PROFILE | Absolute NNN Single Tenant 4

OPERATOR BURGER KING

WEB SITE www.3g-capital.com

OPERATOR PROFILE

In 2010, the company acquired Burger King for $3.3 billion, andsubsequently took the company private. The deal wasannounced in September 2010, and was finalized inNovember.[9] Shareholders received $24.00 per share incash.[9] Under new management, Burger King introduced areworked menu and marketing strategies.[10] In June 2012,Burger King was once again listed as a publicly tradedcompany through a $1.4 billion deal with Justice Holdings.Despite the relisting, 3G Capital retained a 71% stake of thecompany.[10]

In December 2014, the Canadian federal government approvedthe purchase of Tim Hortons by 3G Capital for $12.5 billion. Theacquisition merged Burger King with Tim Hortons as RestaurantBrands International.[11]

On 25 March 2015, it was announced that 3G Capital was in"advanced talks" to buy Kraft Foods for $40 billion, and mergeit with Heinz to create the world's fifth largest foodcompany.[12][13] Heinz was being advised in the transaction byLazard and Kraft by Centerview Partners.[14]

Lease Summary | Absolute NNN Single Tenant 5

LEASE ABSTRACT

TENANT BURGER KING

GUARANTOR BURGER KING CORP

EXPIRATION DATE 9/15/2029

LEASE TERM REMAINING 8.7 years remaining

RENEWAL OPTIONS FIVE- 5 YEAR

NOI $85,000

ROFR YES

RENT NOI $85,000/Year

Rent Increases GREATER of 7%SALES or 85,000 base

rent

Rent Schedule

YEARLY BASE RENT $85,000/Year $7,083/Month

2019 AVERAGE SALES $1,200,000/Year $100,000/Month

OPTION 1 $91,375/Year $7,615/Month

OPTION 2 $98,228/Year $8,186/Month

OPTION 3 $105,595/Year $8,800/Month

OPTION 4 $113,515/Year $9,460/Month

OPTION 5 $122,028/Year $10,169/Month

LEASE STRUCTURE

LEASE TYPE Fee Simple

PROPERTY TAXES TENANT

INSURANCE TENANT

ROOF & STRUCTURE TENANT

MAINTANACE TENANT

PARKING TENANT

HVAC TENANT

UTILITIES TENANT

Offering Summary | Absolute NNN Single Tenant 6

OFFERING SUMMARY

PRICE $1,895,000

CAP RATE 4.49 %

NOI $85,000

TENANT BURGER KING

LEASE TYPE Fee Simple

LEASE TERM REMANING 8.7 years remaining

LOCATIONS 3G Capital

PROPERTY SUMMARY

ADDRESS 6080 SOUTH CONGRESS AVE,LAKE WORTH , FL, 33462

COUNTY Palm Beach

BUILDING SF 3,586

LAND ACRES .82

YEAR BUILT/RENOVATED 1988/2016

LANDLORD RESPONSIBILITIES NONE

PARKING 54

ZONING TYPE CG

OWNERSHIP TYPE Fee Simple

Investment Highlights | Absolute NNN Single Tenant 7

INVESTMENT HIGHLIGHT•

ABSOLUTE NNN-ZERO LANDLORD RESPONSIBILITY

•ON A FREE ESTATE TAX STATE

•7% OVER THE SALES IF HIGHER THAN BASE RENT THROUGHBASE RENT PERIOD.

•SET 7.5% INCREASE EVERY FIVE YEARS IN OPTIONS

•STILL 8.7 YEARS REMAINING ON THE LEASE

•ULTRA SECURE INVESTMENT-BURGER KING CORP GUARANTEE

Locator Map | Absolute NNN Single Tenant 8

Regional Map | Absolute NNN Single Tenant 9

Aerial Map | Absolute NNN Single Tenant 10

Parcel Map | Absolute NNN Single Tenant 11

Location Highlights | Absolute NNN Single Tenant 12

LOCATION HIGHLIGHTS•

LOCATED ON A SOFT CORNER OF LANTANA ROAD ANDSOUTH CONGRESS AVENUE

•ADJACENT TO THE PALM BEACH AIRPORT

•NEAR PALM BEACH STATE COLLEGE OVER28,000 Students

•NEAR JFK MEDICAL CENTER 460 BEDS & 500 PHYSICIANSAND 2,200 HEALTH CARE PROFESSIONALS

LOCATION HIGHLIGHTS

POPULATION

1.00 MILE 3.00 MILE 5.00 MILE

12,059 141,745 337,503

AVERAGE HOUSEHOLD INCOME

1.00 MILE 3.00 MILE 5.00 MILE

$66,286 $66,849 $70,027

Demographics | Absolute NNN Single Tenant 13

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 9,440 105,883 276,237

2010 Population 11,216 128,209 311,289

2019 Population 12,059 141,745 337,503

2024 Population 12,541 149,194 353,727

2019 African American 2,657 36,118 72,237

2019 American Indian 67 1,994 3,174

2019 Asian 238 4,005 8,280

2019 Hispanic 4,141 52,226 116,023

2019 Other Race 1,170 12,809 25,780

2019 White 7,567 80,717 215,509

2019 Multiracial 357 5,978 12,286

2019-2024: Population: Growth Rate 3.95 % 5.15 % 4.70 %

2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 596 5,213 13,915

$15,000-$24,999 664 5,586 15,747

$25,000-$34,999 464 5,163 13,713

$35,000-$49,999 708 7,389 19,235

$50,000-$74,999 975 10,042 25,343

$75,000-$99,999 563 6,672 15,929

$100,000-$149,999 417 5,745 15,332

$150,000-$199,999 258 2,083 5,355

$200,000 or greater 133 1,176 4,841

Median HH Income $48,787 $51,967 $51,373

Average HH Income $66,286 $66,849 $70,027

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 4,672 45,141 131,918

2010 Total Households 4,554 45,115 121,165

2019 Total Households 4,779 49,070 129,409

2024 Total Households 4,959 51,478 135,165

2019 Average Household Size 2.50 2.86 2.59

2000 Owner Occupied Housing 2,923 26,629 82,253

2000 Renter Occupied Housing 1,203 13,484 31,595

2019 Owner Occupied Housing 2,753 28,770 83,066

2019 Renter Occupied Housing 2,027 20,300 46,343

2019 Vacant Housing 608 6,957 24,715

2019 Total Housing 5,387 56,027 154,124

2024 Owner Occupied Housing 2,896 30,756 87,958

2024 Renter Occupied Housing 2,063 20,722 47,207

2024 Vacant Housing 591 6,896 24,744

2024 Total Housing 5,550 58,374 159,909

2019-2024: Households: Growth Rate 3.70 % 4.80 % 4.35 %

Source: esri

Demographics | Absolute NNN Single Tenant 14

2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2019 Population Age 30-34 769 10,547 22,469

2019 Population Age 35-39 648 9,665 20,888

2019 Population Age 40-44 605 8,826 19,358

2019 Population Age 45-49 636 9,129 20,400

2019 Population Age 50-54 657 8,689 20,297

2019 Population Age 55-59 687 8,652 21,303

2019 Population Age 60-64 681 7,687 20,389

2019 Population Age 65-69 695 6,395 18,811

2019 Population Age 70-74 569 4,864 16,274

2019 Population Age 75-79 430 3,462 12,935

2019 Population Age 80-84 419 2,360 9,931

2019 Population Age 85+ 790 3,208 13,218

2019 Population Age 18+ 9,526 108,045 267,460

2019 Median Age 41 36 41

2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $52,102 $52,479 $52,537

Average Household Income 25-34 $61,908 $62,960 $64,727

Median Household Income 35-44 $53,273 $56,383 $57,301

Average Household Income 35-44 $69,447 $72,327 $75,151

Median Household Income 45-54 $59,880 $62,664 $64,397

Average Household Income 45-54 $81,272 $79,969 $85,909

Median Household Income 55-64 $53,862 $55,633 $57,148

Average Household Income 55-64 $75,265 $70,976 $77,716

Median Household Income 65-74 $47,334 $45,618 $46,478

Average Household Income 65-74 $72,029 $62,198 $67,112

Average Household Income 75+ $49,523 $45,110 $52,919

2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2024 Population Age 30-34 899 11,844 24,707

2024 Population Age 35-39 765 10,688 23,069

2024 Population Age 40-44 637 9,569 21,084

2024 Population Age 45-49 591 8,688 19,256

2024 Population Age 50-54 617 8,625 19,785

2024 Population Age 55-59 626 8,170 19,816

2024 Population Age 60-64 711 8,248 21,816

2024 Population Age 65-69 751 7,289 21,209

2024 Population Age 70-74 669 5,889 18,794

2024 Population Age 75-79 557 4,451 16,256

2024 Population Age 80-84 518 2,978 11,637

2024 Population Age 85+ 844 3,332 13,545

2024 Population Age 18+ 9,913 113,900 280,700

2024 Median Age 42 37 42

2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $56,991 $58,493 $58,882

Average Household Income 25-34 $73,068 $73,425 $75,764

Median Household Income 35-44 $59,658 $65,164 $67,665

Average Household Income 35-44 $80,257 $83,314 $87,613

Median Household Income 45-54 $66,786 $72,144 $74,406

Average Household Income 45-54 $92,475 $92,567 $98,788

Median Household Income 55-64 $60,127 $62,943 $65,305

Average Household Income 55-64 $86,610 $83,642 $91,556

Median Household Income 65-74 $54,161 $52,853 $53,667

Average Household Income 65-74 $84,555 $73,755 $79,563

Average Household Income 75+ $58,326 $53,336 $62,296

Absolute NNN Single Tenant

CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum isproprietary and strictly confidential. It is intended to be reviewed only bythe party receiving it from Elite International Realty and it should not bemade available to any other person or entity without the written consentof Elite International Realty .

By taking possession of and reviewing the information contained hereinthe recipient agrees to hold and treat all such information in the strictestconfidence. The recipient further agrees that recipient will not photocopyor duplicate any part of the offering memorandum. If you have no interestin the subject property, please promptly return this offering memorandumto Elite International Realty . This offering memorandum has beenprepared to provide summary, unverified financial and physical informationto prospective purchasers, and to establish only a preliminary level ofinterest in the subject property.

The information contained herein is not a substitute for a thorough duediligence investigation. Elite International Realty has not made anyinvestigation, and makes no warranty or representation with respect to theincome or expenses for the subject property, the future projected financialperformance of the property, the size and square footage of the propertyand improvements, the presence or absence of contaminating substances,PCBs or asbestos, the compliance with local, state and federal regulations,the physical condition of the improvements thereon, or financial conditionor business prospects of any tenant, or any tenant’s plans or intentions tocontinue its occupancy of the subject property.

The information contained in this offering memorandum has been obtainedfrom sources we believe reliable; however, Elite International Realty hasnot verified, and will not verify, any of the information contained herein,nor has Elite International Realty conducted any investigation regardingthese matters and makes no warranty or representation whatsoeverregarding the accuracy or completeness of the information provided. Allpotential buyers must take appropriate measures to verify all of theinformation set forth herein. Prospective buyers shall be responsible fortheir costs and expenses of investigating the subject property.

Exclusively Marketed by:

Isabel SalcedoCommercial AdvisorLic: LC 0708561(786) 402-6654Isabel@eliteinternational.com

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