Hardee's OM

The information contained in this marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial Integrity, NW and should not be made available to any other persons or entities without written consent of Commercial Integrity, NW. The information contained herein has been prepared to provide summary, unverified financial and physical information to prospective purchasers to establish a preliminary level of interest in the Subject Property. THE INFORMATION CONTAINED HEREIN SHALL NOT BE A SUBSTITUTE FOR

A THOROUGH DUE DILIGENCE INVESTIGATION.

Commercial Integrity, NW has not made any investigation, and makes no warranty or representation with respect to the income or expense for the Subject Property, the future projected financial performance of the Subject Property, the size or square footage and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plan or intentions to continue to occupy the Subject Property. The information contained herein has been obtained from sources we believe to be reliable; however, Commercial Integrity, NW has not verified and will not verify, any of the information contained herein, nor has Commercial Integrity, NW conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate measures to verify all of the information set forth herein.

A TOP PERFORMING HARDEE'S LOCATION IN JACKSONVILLE + DUVAL COUNTY (BASED ON AI-ANALYTICS FROM ALPHAMAPS)

Hardee's (NNN Tenant in place)

Hardee's has been here since 1994/1995 and corporate signed a brand new 20 year absolute NNN lease in 2012 providing its commitment to the hard-corner locaiton.

Ease of Access

Situated just off exit 22 from I-295's 78,327+ VPD. This property has 2 ingress /egress offering access from both Commonwealth Ave.'s 21,929+ VPD and Sumac Road's 2,292+ VPD.

Top Performing Location*

This is one of 11 Hardee's locations in the city ofJacksonville which serves over 902,488+ population. This Hardee's ranks #1 in the city of Jacksonville as well as Duval County, and ranks #16 in the State of Florida. (Based on AI Analytics - Alpha Maps)

Proximity to Downtown Retail

This asset sits on a hard corner, on one of the main arterial thoroughfares connecting I-295 to Jacksonville's downtown shopping and entertainment: St. Johns Town Center (outdoor mall features 150 retailers), The Avenues (more than 1.1 million square feet of shopping), and River City Marketplace (outdoor shopping and dining destination on the water) located less than 10 miles away.

Education

Duvall County holds the 20th largest school district in the nation, home to over 197 schools. This district boasts 129,000+ students and 12,000+ employees.*

Serving a Military Hub

Jacksonville is a major military and civilian deep-water port. The subject property is available to multiple military facilities, and with Naval Submarine Base Kings Bay nearby gives Jacksonville the third largest military presence in the country. According to the Florida Trend Publication, Jacksonville and NE Florida are home to about 75,000 active duty, reserve and civilian personnel.

Real Estate Taxes

In addition to base rent, Tenant shall pay 100% of all real property taxes and assessments levied, assessed or imposed during the Term upon the Property.

Insurance

In addition to base rent, Tenant shall pay 100% of all costs of insurance required by Landlord. Tenant shall procure and maintain Fire and Public Liability Insurance.

Utilities

Tenant is solely responsible for provision and payment of all water and sewer facilities, gas and electrical services including heat and light, garbage collection, recycling, all other facilities and utility services used by Tenant.

Tenant R&M

Tenant is solely responsible for provision and payment of all repairs and replacement including structural and nonstructural, ordinary and extraordinary, necessary to maintain the building. Expense CAP

Administrative charge not to exceed 10% of operating expenses & direct admin costs.

PROPERTY

6680 COMMONWEALTH AVE

Tenant

HARDEE'S Lease

7/1/21 - 6/30/32

10% Rent Escalations

Every 5 years with four (4) five (5)-year options

LEASED AREA

4,213 SF Exclusive Use For Restaraunt

$137,883.00

Annual Rent

TENANT PROFILE: HARDEE'S

RANKING PROVIDED BY ALPHAMAPS

STATE: 16TH OF 98 FLORIDA STATE LOCATIONS

COUNTY: 1ST OF 11 DUVAL COUNTY LOCATIONS

METRO AREA: 2ND OF 17 METRO LOCATIONS

CITY: 1ST OF 11 JACKSONVILLE LOCATIONS

HARDEE'S

FOR OVER 60 YEARS, HARDEE'S HAS BROUGHT COMMUNITIES

AVERAGE VISITS*

AVERAGE VISITS*

ANNUAL: 287,964

MONTHLY: 23,997

WEEKLY: 5,537

DAILY: 791

TOGETHER WITH QUALITY, DELICIOUS FOOD. WITH MORE THAN 1,800 RESTAURANTS ACROSS THE U.S., AND LOCATIONS IN 13 COUNTRIES, WE ARE COMMITTED TO THE BEST TASTING FOOD TO BETTER SERVE OUR GUESTS--FROM MADE FROM SCRATCH™ BISCUITS AND HANDBREADED CHICKEN TENDERS™. HARDEE'S HAS BEEN KNOWN FOR MORE THAN 40 YEARS FOR OUR MADE FROM SCRATCH™ BISCUITS. OUR DESIGNATED BISCUIT MAKERS RISE BEFORE THE SUN, AND START THEIR MORNINGS AT 4 A.M., HAND-MAKING EACH BATCH OF BISCUITS FROM SCRATCH EVERY 15 MINUTES FOR BISCUIT CLOUDS OF FLAKY, BUTTERY GOODNESS.

3,800+ FOUNDED

LOCATIONS

1941

PRIVATELY HELD

OWNERSHIP

16.68+K EMPLOYEES

$1.3 B (2022)

HEADQUARTERS

REVENUE

FRANKLIN, TN

2021-2022 FLORIDA SAW A 10.4% INCREASE IN REAL PERSONAL CONSUMPTION EXPENDITURES: $1,104,068.5 PCE IN 2021 PUTTING FLORIDA IN THE TOP 10 STATES FOR ACTIVE CPE GROWTH

bea.gov

THE NUMBERS

VALUATION

6680 COMMONWEALTH AVE | JACKSONVILLE, FL

RENT ROLL / INCOME / EXPENSE /VALUE

SALE OFFERING:

6680 COMMONWEATLTH AVE

ACRES: 0.92 BLDG PSF: $595

PRICE: $2,507,000 LAND PSF: $63

BUILDING(S): 4,213 SF ON MARKET

ESTABLISHED BY THE CITY OF JACKSONVILLE AND NAMED BEST-IN-CLASS EMPLOYERS BY GALLAGHER, JEA DISPATCH CENTER IS LOCATED NEXT DOOR TO HARDEE'S BOASTING OVER 200,000 FOOT TRAFFIC VISITS YTD ACCORDING TO ALPHAMAPS AI ANALYTICS

ACCORDING TO ALPHAMAPS AI ANALYTICS AND MOBILE DATA, THE SUBJECT PROPERTY HAS AN AVERAGE FOOT TRAFFIC OF 62,000+ PER MONTH, YTD

LOCATED AT THE END OF EXIT 22'S OFFRAMP FROM I-295 WITH VISIBILITY TO OVER 78,327+ VPD

4,213 SF BUILDING | 0.92 AC

FIDELITY NATIONAL FINANCE

WELLS FARGO CENTER

TIAA FINANCIAL CENTER

BANK OF AMERICA FINANCIAL CENTER

JACKSONVILLE CENTER FOR PERFORMING ARTS

HASKELL

78,327+ VPD I-295

21,929+ VPD COMMONWEALTH AVE

2,292+ VPD SUMAC RD

ANNUAL FOOT TRAFFIC: 281,479 SITE VISITS

HOURLY FOOT TRAFFIC: 8 AM PEAK

DAILY FOOT TRAFFIC: THURSDAY PEAK

WALKSCORE: 28 (CAR-DEPENDANT)

BIKESCORE: 44 (SOMEWHAT BIKEABLE)

TRANSITSCORE: 25 (SOME TRANSIT)

AIRPORT: 25 MIN DRIVE TO JAX

JACKSONVILLE INTERNATIONAL AIRPORT

ABOUT

JACKSONVILLE, FL

Known as the Flipside of Florida. Jacksonville boasts 22 miles of beaches, year-round sunshine, world-class museums and all the extras you’d expect from a city this size, but Jacksonville offers a different take on the basics. This city prides itself as being a little bit country, and a whole lot of (Southern) rock n’ roll. In 2020, Jacksonville, FL had a population of 902k people with a median age of 35.9 and a median household income of $55,531. Between 2019 and 2020 the population of Jacksonville, FL grew from 890,467 to 902,488, a 1.35% increase and its median household income grew from $54,701 to $55,531, a 1.52% increase. Jacksonville has one of the most diversified industry bases in Florida, which makes the economy more resilient to ups and downs in any one sector than other major metropolitan areas in Florida (that are generally dependent on retail and tourism-related industries). While all types of businesses can find success in Jacksonville, the following seven sectors are targeted industries of the Office of Economic Development – Advanced Manufacturing, Aviation and Aerospace, Finance and Insurance, Headquarters, Information Technologies, Life Sciences and Logistics and Distribution. These industries are targeted because there is an existing strong cluster of companies, the potential for growth for these industries is high and Jacksonville possesses advantages which are especially attractive to these industries.

LOCATED JUST 8.4 MILES FROM THE SUBJECT PROPERTY, THE JACKSONVILLE JAGUARS DRAW AN AVERAGE OF 66,459 SPECTATORS, TO EACH OF THEIR HOME GAMES AT TIAA BANK FIELD