Actual Site

Scott CampbellAssociate Director

954.357.0775 | scampbell@calkain.com

OFFERING MEMORANDUM

Andrew FallonExecutive Managing Director

703.787.4733 | afallon@calkain.com

CHICKEN SALAD CHICK Augusta, GA

Asset Summary

Net Operating Income (NOI) $96,000

Rent/Month $8,000

Rent/SF $30/SF

Rentable Square Feet 3,200+/- SF

Land Area 0.50+/- Acres

Tenant Name Chicken Salad Chick

Website www.chickensaladchick.com

Guarantor Green Chick 1, LLC

Ownership Type Fee Simple

Lease Type NN

Landlord Responsibilities Roof & Structure

Store Opened March 2016

Lease Term Remaining 8+ Years

Rent Commencement March 2, 2016

Lease Expiration March 31, 2026

Increases10% Every 5 Years,

Next Increase April 1, 2021

Options Two (2), Five (5) Year

Investment Highlights

• Located on a hard corner of a signalized intersection with 37,940 VPD

• Outparcel to the Kroger anchored Washington Walk Shopping Center

• Minutes away from Augusta National Golf Club

• Structured 10% rent increases every 5 years including option periods

• Average HH income of $82,715 within 3 miles

• Chicken Salad Chick is growing at a pace of 30 to 40 locations annually

Rent ScheduleTerm Increases Annual Rent Monthly Rent

3/2/2016 – 3/31/2021 - $96,000 $8,000

4/1/2021 – 3/31/2026 10% $105,600 $8,800

4/1/2026 – 3/31/2031 (Option 1)

10% $116,160 $9,680

4/1/2031 – 3/31/2036 (Option 2)

10% $127,776 $10,648

Asking Price$1,670,000

Cap Rate 5.75%

2817 Washington RdAugusta, GA 30909

Calkain Companies | 2

Chicken Salad Chick Financial Summary

About Chicken Salad ChickChicken Salad Chick is a fast-casual chain of chicken restaurants founded in 2008 and based in Auburn, Alabama. Locations in Alabama, Georgia, Florida Tennessee, South & North Carolina. With over 60 restaurants open, Chicken Salad Chick is growing at a pace of 30 to 40 locations annually.

Chicken Salad Chick offers a complete “experience”. Offering a full-service deli, dine-in, carryout, and catering for any occasion and any size affair. Fifteen different flavors of chicken salad served from the heart. They make their chicken salad by hand every morning, using only premium chicken tenderloin. The recipes are crafted with the perfect combination of sweet and savory ingredients and a secret blend of spices and seasoning.

Chicken Salad Chick is attractive to owners, developers and landlords because of its streamlined and simple operation, lack of fryers and vents, and a unique dining experience. The concept is supported by local and brand wide marketing to create awareness and store traffic. The owners are trained in community marketing which includes on-site marketing events as well as off-premise catering. Actual Site

Actual Site

Calkain Companies | 3

Tenant Overview

Site Photos

Calkain Companies | 4

Site Photos

Calkain Companies | 5

20

75

Atlanta, GA

Augusta, GA

Charleston, SC

Columbia, SC

Subject Site

9516

75

85Athens, GA

520

95

Columbia, SC 73miles

Athens, GA 92 miles

Savannah, GA 130 miles

Atlanta, GA 143 miles

Charleston, SC 150 miles

Charlotte, NC 159 miles

Calkain Companies | 6

Location Overview

Distance To

I-20 6

5,140

VPD

West Eagle Green Apartment Homes

Westside High School

Washington Square

Washington Rd 37,940 VPD

20

Subject Site

Keep all map content (except background) above this margin for website cropping purposes

2817 Washington Rd | Augusta, GA 30909

Keep all map content (except background) above this margin for website cropping purposes

Washington Rd 37,940 VPD

Alexander Dr

Washington Walk Shopping Center

Subject Site Alexander Dr

2817 Washington Rd | Augusta, GA 30909

Location Highlights

Hard Corner of Signalized Intersection

C

lick fo

r Street View

37,940 VPD Pass the Site

Kroger Outparcel

Augusta

1 Mile 3 Miles 5 MilesPopulation2018 Population 8,441 50,861 136,094

2023 Population 8,903 52,142 141,044

2018 Median Age 33.6 39.2 38.2

Households2018 Total Households 4,304 22,740 58,996

2023 Total Households 4,548 23,277 61,118

Median Household Income2018 Median HH Income $45,076 $55,221 $49,020

2023 Median HH Income $50,547 $60,059 $53,230

Average Household Income2018 Average HH Income $58,042 $82,715 $71,242

2023 Average HH Income $65,882 $92,761 $80,106

Population 136,094

Median Age 38.2

Avg HH Income $71,242

Total Businesses 7,131

Total Employees 96,601

Net Worth $41,884

5 Mile Radius | Demographics

20

Location Overview, 1/3/5 Miles

520

520

Calkain Companies | 9

Augusta, GAAugusta, Georgia is located in Richmond County on the central eastern border of the state of Georgia. Augusta is the principle city of the Augusta-Richmond County Metropolitan Statistical Area, which is the 2nd largest metro area in the state after Atlanta. Augusta is best known for hosting The Masters golf tournament each spring. Augusta is two hours east of downtown Atlanta. In 2016, it was announced that the new National Cyber Security Headquarters would be based in Augusta, bringing as many as 10,000 cyber security specialists to the Fort Gordon area, which is the major army base in Augusta.

• Population - 201,647 city, 500,000 trade region

• Location - 136 ft. above sea level. 200 Savannah River miles or approximately 150 land miles from Atlantic Ocean

• Major highways - Interstates 20 and 520, U.S. Routes 1, 25, 78, 278

• The city was named after Princess Augusta of Saxe-Gotha (1719-1772)

Median Property Value

$151,000

City Population

201,647

2016 Job Growth

2.1%

FORBES LIST:

#139 Best Places for Business & Careers

Calkain Companies | 10

Market Overview

About UsCalkain Companies LLC is a boutique commercial real estate investment banking firm that provides consulting and brokerage services to both private and institutional clientele with a focus on single tenant net lease investments. It prides itself on being an innovative leader by providing its clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, debt and equity placement and wealth management.

Calkain has built solid, lasting relationships that have been the cornerstone of how they do business. Calkain approaches each assignment with an eye toward each client’s individual needs. Whether private or institutional investors, Calkain delivers real estate solutions that maximize value while building wealth for all of its clients.

At Calkain, their foresight and innovation are leading the net lease investment industry.

Building a solid foundation for your investment portfolio

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Disclaimer: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

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