732 Cherokee St NE, Marietta, GA 30060

THE ASSET: The Retail Center was constructed in 2018 and consists of a three- tenant retail building of 8,749 square feet and features an attractive architectural design, a drive-thru for Panera, and outdoor patio seating. The Property sits on a 1.36-acre parcel of land and is 100% occupied by Panera, Tropical Smoothie Café, and Phyllis Brunch Restaurant.

LEASE TERMS: Tropical Smoothie Café has 3 years of term remaining on their lease with two (2), five-year renewal options, and Phyllis Brunch Restaurant has 4 years of term remaining followed by two (2), 5-year renewal options. Panera has 7+ years of term remaining on their lease followed by three (3), 5-year renewal options; Panera has a one-time option to terminate the lease effective as of April 30, 2028 by delivering written termination notice by April 30, 2027. Panera has provided written notice of their intent to exercise their termination right in April 2027. Please contact agent for details.

MINIMAL MANAGEMENT RESPONSIBILITIES: All three tenants reimburse for their pro-rata share of operating expenses (real estate taxes, insurance, and common area maintenance), limiting day-to-day landlord responsibilities making it an attractive investment for the passive real estate investor.

DYNAMIC TENANTS: Panera Bread is a leading restaurant brand with more than 2,230 locations in the United States and Canada, 140,000 associates and annual systemwide sales in the billions. This location is operated Bluegrass Restaurant Holdings, a Louisville, KY-based operator with 48 Panera locations in addition to several other restaurant concepts. Tropical Smoothie Café is a national fast-casual franchise specializing in smoothies with additional food options. As of 2024 there are over 1,600 locations in the US and Tropical Smoothie has over $1 billion in systemwide sales. Tropical Smoothie Café is operated by Rylan & Jennifer Miller of Zenith Investment Group, a regional operator of 40 Tropical Smoothie across five states with more than 1,000 employees.

SCHEDULED RENT INCREASES: Both the Tropical Smoothie Café and Phyllis Brunch Restaurant leases include rental increases at the beginning of the renewal option periods, providing a steady increase in income and an attractive hedge against inflation.

STRATEGIC LOCATION: The Property is extremely well located in the center of the major medical corridor surrounding Wellstar Kennestone Medical Center. The Property is situated between Cherokee Street NE and Lewis Drive and has outstanding frontage and visibility. The primary hospital building for Wellstar Kennestone is directly across the street, with other notable medical facilities surrounding the location. There is a municipal bus stop directly in front of the Property, and the parcel is less than 400 feet from the highly trafficked, signalized intersection of Cherokee Street NE, Church Street, and Tower Road at the center of the medical corridor. The Retail Center offers one of the most convenient dining options for patients, visitors, and employees at the medical center.

REDEVELOPMENT UPSIDE POTENTIAL: Prior to its current use, the Property was used as a WellStar Kennestone medical building and zoned Office Institutional (OI), with approvals for a nine-story, 110,000 SF medical office building. Though the parcel was rezoned to Neighborhood Retail Commercial in 2016 for its current use, its location in the WellStar Kennestone medical corridor offers significant upside potential by re-converting to medical office and bringing the Property to its highest and best use.

TRAFFIC COUNTS: The Retail Center is less than 400 feet from the major signalized intersection of Cherokee Street NE with Church Street and Tower Road, which sees high traffic counts of over 60,600 vehicles per day.

STRONG DEMOGRAPHICS: More than 65,900 people live within a 3-mile radius of the Property with an average household income of $121,646. Over 181,700+ people live within 5 miles of the Property with an average household income of $126,672. Additionally, there are more than 59,700 employees within a 3-mile radius, and more than 129,700 employees within a 5-mile radius of the Property.