Arby's

Investment Highlights

LOCATED AT THE ENTRANCE OF THE DAYTONA INTERNATIONAL SPEEDWAY
• Located at the entrance to the Daytona International Speedway, a 480 acre complex that draws the largest audience in motorsports with a capacity of 123,500.
• Home to “The Great American Race” – the Daytona 500 which has an overall economic impact of more than $1 Billion annually and attracts nearly 10 million tourists to Daytona each year.
• A $400 Million construction project called “Daytona Rising” was completed in 2016. This project was a reimaging of the complex that expanded entrances and increased capacity.
• Hosts eight major weekends of racing activity each year, a weekend rarely goes by when the facility is not in use for events including civic and social gatherings, car shows, photo shoots, production vehicle testing and police motorcycle training.
• The Daytona International Airport is also located next to the subject property. This airport supports nearly 1000 flights per day.

OUTPARCEL TO A 350K SF HOME DEPOT SHOPPING CENTER & ACROSS FROM TARGET
• Positioned as an outparcel to Volusia Square, a 350K SF shopping center anchored by Home Depot.
• There is over 3M SF of retail within a 1 mile radius of the Arby’s. Surrounding national tenants include: Target, Bass Pro Shops, Staples, Best Buy, Volusia Mall and more.
• A new 160K SF Costco is under development only 1 mile from this Arby’s. This project will cost $17.8M and will include a gas station with 24 fueling spaces.

INTERSTATE LOCATION WITH A DENSE & GROWING POPULATION
• Located on International Speedway Blvd (45,500 VPD) and is directly off Interstate 95 (78,500 VPD).
• The 5 mile population is 104,992 with 14% growth. The growth within a 3 mile radius is over 21%.

DAYTONA BEACH
• Daytona Beach, often referred to as the “The World’s Most Famous Beach” is the most prominent tourism hub in Volusia County, Florida, sitting a short distance northeast of Orlando and abutting the Atlantic Ocean.
• Daytona Beach is 1 of the most visited destinations on the East Coast with 10 million visitors per year.
• The Daytona Beach metro area is a regional marketplace, giving way to a diverse group of retail businesses, professional services, hospitality, manufacturing plants, and associations.
• The city is home to the headquarters of NASCAR, the International Speedway Corporation, Costa Del Mar, Brown and Brown Insurance, and the LPGA.
• Daytona Beach is home to 5 main colleges and universities with a total enrollment of more than 27,000 students.
• Florida is 1 of 7 U.S. states that has no state income tax.

14 YEAR LEASE GUARANTEED BY LARGEST ARBY’S FRANCHISEE | KBP INSPIRED (115 UNITS )
• There are 14 years remaining on the 20 year NN lease that commenced in October 2017 and expires in November 2037.
• The Lease is guaranteed by KBP Inspired, LLC. KBP is based in Overland Park, KS and currently operates 1,000+ restaurants across 30 states including 115 Arby’s locations.
• KBP was named 1 of the top 100 private companies and fastest growing companies in the US with over 15,000 employees.
• There are 12.5% rent increases every 5 years in the initial term and in each of the 2, 5 year option periods.
• Tenant is responsible for Roof & Structure, HVAC, Utilities, and Taxes.
• The Landlord is responsible for common area maintenance and insurance charges. The tenant reimburses the landlord $3,250 annually for these expenses.