Jim N Nicks BBQ Ground Lease 4625 US 90 5 160 pi² Commerce de détail Immeuble Pace, FL 32571 5 785 075 $ CAD (1 121,14 $ CAD/pi²) 5,85% Taux de capitalisation

Franklin Street is pleased to offer for sale this Jim N' Nick's corporate ground lease in Pace, Florida. Pace is a bedroom community to Pensacola, which has a fast growing population of more than 500,000 residents in the metropolitan. The region set records in tourism, with over 2.5 million visitors and a $2 billion economic impact in recent years, supported by the Pensacola International Airport. The corridor the property is on has experienced a recent boom of national retailers including Aldi, Longhorn, Buffalo Wild Wings, Wendy's, and Daybreak Market all opening within the last two years. The Jim N' Nick's location fronts a major highway which attracts 43,500 vehicles per day. Daily traffic generators on the corridor include Publix, Home Depot, Lowes, Walmart, Target, and schools. Jim N' Nick's is owned by Roark Capital, a private equity company with $41B AUM, who owns other major brands including Dunkin', Arby's, Buffalo Wild Wings (via Inspire Brands), Jimmy John's, Sonic, Jamba, CKE Restaurants (Carl's Jr., Hardee's), and many auto service (Driven Brands) and fitness (Orangetheory, Anytime Fitness) businesses. Jim N' Nick's has seen substantial sales growth over the last few years and their addition of drive thru's to new units has paid off with increased sales per unit. They plan to add 30+ locations over the next 3 years to add to their growing unit count.