CORPORATE KRISPY KREME $441,0005.00% CAP

TRINITYREIS.COM

8601 1st Avenue N, Birmingham, AL 35206

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$441,000 | 5.0% CAP• Absolute NNN Corporate Operated Krispy Kreme With Long

Occupational History

• High Performing Store With Sales Historically Exceeding $1Million/Year

• Dense Trade Area With 1/3/5 Mile Population Of 6,363/ 41,752/106,808

• Excellent Traffic With Over 25,000 VPD on 1st Ave North WhichRuns Parallel to I-59 With 70,000 VPD

• Average Household Income of Nearly $60,000 In 5 Mile Radius

• Close Proximity to Several Churches and Schools Contributing toStore's Consistently Strong Sales

• Just Over A Mile From Birmingham-Shuttlesworth InternationalAirport

BIRMINGHAM, AL

EXCLUSIVELY MARKETED BY:

ERIC NORREGAARD817.262.9945 | eric@trinityreis.com

Building Area: 4,655 SF

Land Area: .35 AC

Year Built: 1959

Guarantor: Corporately Krispy Kreme

Price (Psf): $94.74

Remaining Lease Term: 14.5+ Years

Rent Commencement: 6/1/2014

Lease Expiration: 5/31/2034

Base Annual Rent: $22,050

Lease Type: NNN

Scheduled Rent Increases: 5% Every 5 Years

Options & Increases: Four (4), 5-Years; 5%

Insurance: PAID BY Tenant

Parking Lot Maintenance: PAID BY Tenant

Property Taxes: PAID BY Tenant

Roof & Structure: PAID BY Tenant

HVAC: PAID BY Tenant

PROPERTY DETAILS:

LEASE OVERVIEW:

8601 1ST AVE N | BIRMINGHAM, ALINVESTMENT OVERVIEW

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POPULATION 1 MILE 3 MILE 5 MILE

Census Population (2010) 6,113 41,445 107,011

Estimated Population (2018) 6,363 41,752 106,808

Projected Population (2023) 6,417 41,853 106,876

POPULATION GROWTH

2010-2018 (Historical) 4.09% 0.74% (0.19%)

2018-2023 (Projected) 0.85% 0.24% 0.06%

CONSUMER SPENDING

Aggregate (in Thousands) $40,541 $295,336 $889,583

HOUSEHOLD INCOME

2018 Average $40,041 $45,587 $59,751

2018 Median $30,575 $35,124 $41,310

DEMOGRAPHICS

8601 1ST AVE N | BIRMINGHAM, ALDEMOGRAPHICS OVERVIEW

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8601 1ST AVE N | BIRMINGHAM, ALRETAILER MAP

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8601 1ST AVE N | BIRMINGHAM, ALRETAILER MAP

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8601 1ST AVE N | BIRMINGHAM, ALRETAILER MAP

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8601 1ST AVE N | BIRMINGHAM, ALADDITIONAL PHOTOS

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8601 1ST AVE N | BIRMINGHAM, ALADDITIONAL PHOTOS

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8601 1ST AVE N | BIRMINGHAM, ALADDITIONAL PHOTOS

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2018 ConsumerSpending

$889,583,000

2018 AverageHousehold Income

$59,7512018 TotalPopulation

106,808

BIRMINGHAM 5 MILE RADIUS KEY DEMOGRAPHICS

UAB (both the school and affiliated hospital) providesnumerous opportunities in the education and health caresectors. The telecommunications and engineering industriesare also thriving, as the metro area is home to the EnergenCorporation and Momentum Telecom Inc.

Birmingham has the largest motorcycle museum in theworld - The Barber Vintage Motorpark Museum containsmore than 1,600 vintage and modern motorcycles, as wellas the largest collection of Lotus race cars.

Located in Birmingham - The most populous MSA in theState of Alabama with over 1.1M+ Residents.

Birmingham is a metropolitan area born from the iron andsteel industry- It is known for playing a crucial role in thecivil rights movement. The region showcases its history atsites like Tannehill Ironworks Historical State Park and theBirmingham Civil Rights Institute.

Birmingham is home to the University of AlabamaBirmingham which is often referred to as UAB - UAB is apublic research university with 21,000+ total students.

8601 1ST AVE N | BIRMINGHAM, ALLOCATION OVERVIEW

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TENANT SUMMARYKrispy Kreme was founded by Vernon Rudolph, who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is nowhistoric Old Salem in Winston-Salem, North Carolina. Their mission is to touch and enhance lives through the joy that is Krispy Kreme, and theirvision is to be the worldwide leader in sharing delicious tastes and creating joyful memories.

PARENT COMPANYJAB Holding Company is a privately held German conglomerate, headquartered in Luxembourg, that owns several major brands including Keurig Dr.Pepper, Panera Bread, Einstein Bros Bagels, Caribou Coffee, Peet's Coffee, Pret A Manger, and recently acquired Krispy Kreme Doughnuts (2016).

STRATEGYKrispy Kreme believes that consumers are their lifeblood and the center of the doughnut. They believe their is no substitute for quality in service toconsumers, and Impeccable presentation is critical wherever Krispy Kreme is sold. They must produce a collaborative team effort that is unexcelled,cast the best possible image in all that they do,never settle for "second best"; deliver on commitments, and must coach our team to ever-betterresults. - (Vernon Rudolph, Founder)

Tenant Name: Krispy Kreme

Tenant Type: Fast Food/Restaurant

Parent Company Trade Name: JAB Holding Company

Ownership: Private

No. of Locations: 1005

Website: https://www.krispykreme.com/

Year Founded: 1937

Credit Rating (S&P): B-

No. of Employees: 4,300

Headquartered: Winston-Salem, NC

TENANT DETAILS:

8601 1ST AVE N | BIRMINGHAM, ALTENANT OVERVIEW

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8601 1ST AVE N | BIRMINGHAM, ALDISCLAIMER

All materials and information received or derived from Trinity Real Estate Investment Services its directors, officers, agents, advisors, affiliates and/orany third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, complianceor lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.

Neither Trinity Real Estate Investment Services its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express orimplied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source,whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. Trinity Real Estate Investment Services will not investigate or verify any such matters or conduct duediligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Trinity Real EstateInvestment Services makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data orassumptions. Trinity Real Estate Investment Services does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney.Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with atitle officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Trinity Real Estate Investment Services in compliance with all applicable fair housing and equal opportunitylaws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warrantyor representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease orfinancing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property andtransaction.

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CONTACT INFORMATION

EXCLUSIVELY MARKETED BY:

BROKER OF RECORD

ERIC NORREGAARD817.262.9945eric@trinityreis.com

ROBERT FISHERKeller Williams Realty in ALAL #000076131