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Burger King3 1 4 1 L a w r e n c e v i l l e S u w a n e e R o a d | S u w a n e e , G A

O F F E R I N G M E M O R A N D U M

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E X E C U T I V E S U M M A R Y

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G a r y c h o u

FVP & Senior Director

Gary.Chou@matthews.comDIR (310) 919-5827MOB (714) 928-8016LIC # 01911222 (CA)

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K Y L E M AT T H E W SBROKER OF RECORD

LIC # 67120

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LONG-TERM, WORRY-FREE INVESTMENT

• Brand New Development! – This store was recently built in 2016 to match the latest Burger King prototype!

• Long Term Lease – Tenant to sign brand new 20-year lease with Four (4), 5-Year options to extend at close of escrow

• Absolute NNN Lease – Tenant takes care of all landlord responsibilities including tax, insurance, maintenance, roof and structure

• Growing Cash Flow – There are 8% increases every 5 years – Excellent hedge against inflation!

EXCELLENT TENANT WITH STRONG GROWTH MODEL AND BALANCE SHEET

• GPS Hospitality – Corporate guarantee from one of the three largest Burger King operators in the country!

• High Growth Operator – GPS Hospitality has 400 Burger King & Popeyes restaurants across Alabama, Arkansas, Florida, Georgia, Louisiana, Maryland, Mississippi, New Jersey, Pennsylvania and West Virginia

• Tenant with Long Term Outlook – GPS plans to remodel 30-40 stores each year and has consistently seen year over year revenue growth

• Healthy Cash Flow – Franchise Times reports that GPS Hospitality has revenues over $500 million and is half way to its 10-year goal of $1 billion in annual revenue

FANTASTIC REAL ESTATE

• High Growth Location – Over 11.10% projected growth in a 1-mile radius with 10.02% in a 3-mile and 9.94% in a 5-mile – There are currently over 188,987 people living in a 5-mile radius

• Heavy Traffic Counts – Property is located just off Lawrenceville-Suwannee Rd which supports over 50,000 VPD

• Strong Collection of National Retailers – Nearby tenants include Walmart, McDonald’s, Dunkin’ Donuts, Office Depot, KFC, Lowe’s, Starbucks, Wendy’s, Cracker Barrel, Taco Bell, Schlotzsky’s, Waffle House and many more!

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B u r g e r K i n g3141 Lawrenceville Suwanee RoadSuwanee, GA 30024

List Price ......................................................................................................... $1,398,000

CAP Rate - Current .................................................................................................5.20%

Lot Size ........................................................................................................± 1.24 Acres

GLA .......................................................................................................................3,248 SF

Year Built ......................................................................................................................2016

Annualized Operating DataMonthly Rent Annual Rent Increases

Current $6,056.27 $72,675 5.20%

Rent Period 2 $6,540.77 $78,489 5.61%

Rent Period 3 $7,064.04 $84,768 6.06%

Rent Period 4 $7,629.16 $91,550 6.55%

Option 1 $8,239.49 $98,874 7.07%

Option 2 $8,898.65 $106,784 7.64%

Option 3 $9,610.54 $115,327 8.25%

Option 4 $10,379.39 $124,553 8.91%

Tenant Summary

Tenant Trade Name Burger King

Type of Ownership Fee Simple

Lease Guarantor GPS Hospitality

Lease Type NNN

Roof and Structure Tenant Responsible

Original Lease Term 20 Years

Lease Commencement Date COE

Rent Commencement Date COE

Lease Expiration Date 20 Years from COE

Term Remaining on Lease ± 20 Years

Increases 8% Increases in Options

Options Four, 5-Year Options

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Property Name Burger King

Parent Company Trade Name Restaurant Brands International, Inc. (NYSE: QSR)

Ownership Public

Credit Rating (Standard & Poor’s) B+

Revenue $1.15 B

Net Income $233.70 M

No. of Locations ± 15,000

No. of Employees ± 34,248

Headquartered Miami, FL

Website www.bk.com

Year Founded 1953

TENANT OVERVIEW

Burger King Worldwide operates the world’s #3 hamburger chain by sales with almost 15,000 restaurants in the US and more than 100 other countries. In addition to its popular Whopper sandwich, the chain offers a selection of burgers, chicken sandwiches, salads, and breakfast items, along with beverages, desserts, and sides. Many of the eateries are stand-alone locations offering dine-in seating and drive-through services; the chain also includes units in high-traffic locations such as airports and shopping malls. Burger King Worldwide is owned and operated by Restaurant Brands International.

GEOGRAPHIC OUTREACH

Burger King has restaurant locations throughout the US and more than 100 other countries. The US and Canada are responsible for about 65% of revenues. Like most other giants of the fast-food industry, Burger King has expanded its nationwide and international presence primarily through franchising. But the company has reduced its domestic expansion efforts recently. Burger King has used joint ventures to expand in countries like China, Mexico, Russia, and Singapore.

GPS Hospitality

GPS Hospitality is a rapidly growing franchisee group. GPS recently expanded their national footprint into five new states with the acquisition of 194 Burger King restaurants. This recent acquisition doubles the company’s size and puts it firmly among the top three largest Burger King franchisees in the US with 400 locations nationwide. GPS Hospitality is on track to meet its goal of becoming a $1 billion company in sales in just 10 years.

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Property Address 3141 Lawrenceville Suwanee Road

Suwanee, GA 30024

Assessor’s Parcel Number 7-169-176

Site DescriptionNumber of Stories One

Year Built 2016

Lot Size ± 1.24 Acres (54,003 SF)

Type of Ownership Fee Simple

Landscaping Professional

Topography Generally Level

ConstructionFoundation Concrete Slab

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Parking Surface Asphalt

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POPULATION 1 Mile 3 Mile 5 Mile

2022 Projection 20,957 153,679 338,974

2017 Estimate 20,103 146,145 321,523

2010 Census 19,122 136,844 299,008

2000 Census 19,689 130,553 283,537

Growth 2017 - 2022 4.25% 5.16% 5.43%

HOUSEHOLDS 1 Mile 3 Mile 5 Mile

2022 Projection 6,017 52,423 117,010

2017 Estimate 5,768 49,771 111,008

Growth 2017 - 2022 4.32% 5.33% 5.41%

INCOME 1 Mile 3 Mile 5 Mile

2017 Est. Average Household Income

$74,747 $81,682 $84,015

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Suwanee is located in Northern Georgia, in Gwinnett County. It started out as a Native American village. The town grew steadily throughout the decades, but the real population boost happened during the 1930’s, when the Buford Highway was constructed through Suwanee. Suwanee quickly started to grow and develop, gaining school districts, a town center, and several residential areas.

Today, Suwanee is a progressive community that works together to maintain and develop its town. The town has won numerous awards, including one the county’s best small communities, and one of the best communities to raise children.

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Suwanee FestThe community of Suwanee is proud of their town and each year they have a festival to bring the residents together and celebrate. Every year in September the town of Suwanee puts on Suwanee fest. It is a two-day community event that features over 100 art and craft vendors, many different food choices, a parade, and local entertainment. The whole town comes together and shows off their talents in celebration of their town.

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Atlanta is Georgia’s capital and most populous city, as well as the economic and cultural hub of the Atlanta metropolitan area. Atlanta is a rapidly growing city, and its metropolitan area exceeded 5.5 million for the first time in 2013. While the area’s growth is not as high as it was in the 1990’s and early 2000s, it’s higher than the previous year and this growth is expected to continue as Atlanta attracts new people. It’s projected that metro Atlanta’s population will reach about 5.7 million by 2020.

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E c o n o m y

Atlanta’s economy is considered diverse, with dominant sectors including logistics, professional and business services, media operations, and information technology. Corporate operations comprise a large portion of the Atlanta’s economy, with the city serving as the regional, national, or global headquarters for many corporations. Atlanta contains the country’s third largest concentration of Fortune 500 companies, and the city is the global headquarters of corporations such as The Coca-Cola Company, The Home Depot, Delta Air Lines, AT&T Mobility, Chick-fil-A, UPS, and Newell-Rubbermaid. Over 75 percent of Fortune 1000 companies conduct business operations in the Atlanta metropolitan area, and the region hosts offices of about 1,250 multinational corporations. Many corporations are drawn to Atlanta on account of the city’s educated workforce; as of 2010, nearly 43% of adults in the city of Atlanta have college degrees, compared to 27% in the nation as a whole.

# Employer Employees

1 Delta Air Lines 31,237

2 Emory University/Healthcare 29,937

3 Wal-Mart Stores, Inc 20,532

4 The Home Depot 20,000

5 AT&T 17,882

6 The Kroger Co. 14,753

7 Wellstar Health Systems 13,500

8 Publix Super Markets, Inc. 9,494

9 USPS - Atlanta District 9,385

10 Northside Hospital 9,016

T o p E m p l o y e r s

This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of Burger King located at 3141 Lawrenceville Suwanee Road, Suwanee, GA 30024 (“Property”) . I t has been prepared by Matthews Real Estate Investment Services. This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Real Estate Investment Services. The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:

1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion or manner detr imental to the interest of the Sel ler.

Owner and Matthews Real Estate Investment Services expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.

A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Real Estate Investment Services or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.

This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.

C O N F I D E N T I A L I T Y & D I S C L A I M E R S TAT E M E N T

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BROKER OF RECORD

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Burger King3 1 4 1 L a w r e n c e v i l l e S u w a n e e R o a d | S u w a n e e , G A

™

G a r y c h o u

FVP & Senior Director

Gary.Chou@matthews.comDIR (310) 919-5827MOB (714) 928-8016LIC # 01911222 (CA)

K Y L E M AT T H E W SBROKER OF RECORD

LIC # 67120