1608 South Dixie Freeway, New Smyrna Beach, FL 32168

DAYTONA BEACH SUBURB |“THE WORLD’S MOST FAMOUS BEACH”

• The subject property is located 20 minutes south of downtown Daytona Beach on Highway 1 (27,000VPD). Highway 1 is a major

highway connecting New Smyrna Beach to 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

NEW SMYRNA BEACH | 1. 1M ANNUAL TOURISTS WITH $ 450M ECONOMIC IMPACT

• New Smyrna Beach is one of Central Florida’s most desirable coastal communities, benefiting from strong in-migration,

residential growth, and increasing consumer demand throughout Volusia County

• The market attracts more than 1.1 million annual visitors and generates over $450 million in annual tourism economic impact,

supporting year-round retail and restaurant demand

• The property serves more than 56,000 residents within five miles with average household incomes exceeding $89,000 and

projected population growth approaching 3.5%.

• This Wendy’s is located 3 miles from the coast and benefits directly from tourism and nearby hotels.

SUB $2M COASTAL FLORIDA QSR WITH 16 .75 YEARS ON NNN LEASE

• The subject property has a lower rent and sub $2 million price point 3 miles from the New Smyrna Beach Coast.

• Wendy’s has been operating at this location since 2012 and signed a new 20 year lease in 2022 that expires in March 2042.

• As part of the 20 year lease extension, the operator renovated the store in 2022.

• This is an absolute NNN lease with no Landlord responsibilities or expenses.

• The Tenant is responsible for roof, structure, parking lot, taxes, insurance, and utilities.

JAE RESTAURANT GROUP LEASE GUARNATEE | 230 WENDYS LOCATIONS

• JAE Restaurant Group ranks among the largest Wendy’s franchisees in the United States and has been recognized as one of the

top operators within the Wendy’s system.

• South Florida-Based Operator – JAE Restaurant Group is headquartered in Pompano Beach and operates one of the largest

Wendy’s franchise platforms in the country with more than 230 locations across multiple states.

• JAE has received numerous accolades from Wendy’s, including “Best Operator of the Year,” the “Dave Thomas Award for Best

Overall Franchisee,” and Wendy’s Hall of Fame recognition.