4446 HWY 411, MADISONVILLE, TN 37354-1563

LOCATION- LOCATED IN THE MAIN RETAIL CORRIDOR OF MADISONVILLE, TN

• Located in a dense retail corridor across the street from Walmart Supercenter- other national retailers in the immediate area include: Ingles, CVS, Walgreens, United Grocery Outlet, Dollar Tree, Shoe Show, AutoZone, Advance Auto, Dunkin’, McDonald’s, Burger King, Taco Bell, Zaxby’s, and Bojangles
• Located on US 411 (ADT of nearly 19,000 cars/day)- US 411 stretches for over 309 miles and runs through northeastern Alabama, northwestern Georgia, and southeastern Tennessee
• Madisonville, located approximately 40 miles Southwest of Knoxville and the county seat of Monroe County, benefits from regional access to manufacturing corridors, tourism traffic, and a workforce tied to both local industry and nearby metro employment centers
• Knoxville is the state’s third largest MSA with over 200,000 residents- home to University of Tennessee which has nearly 40,000 students and 10,000 employees, and is estimated to have an economic impact on the state’s economy of nearly $2 billion dollars

LEASE TERMS- ABSOLUTE NNN LEASE WITH ANNUAL INCREASES

• In 2010, Krystal signed an absolute NNN Lease for 18 years with four (4), five (5) year options to extend
• • Percentage Rent clause of 3.0% of the adjusted net sales in excess of Lease Year 1 net sales
• Conservative rent of only $82,950
• Fee-simple asset allowing for depreciation benefits

TENANT AND PROPERTY- KRYSTAL COMPANY CURRENTLY OPERATES APPROXIMATELY 300 UNITS

• Krystal Company, the 2nd oldest QSR chain in the U.S. (established 1932), currently operates approximately 300 units across 10 states
• Long-term occupancy- Krystal has been operating at this location for approximately 18 years (2008)
• Large parcel size for Krystal- approximately .93 acres