QSR – Page 37 – Secure Net Lease

Hardee’s

New Renovation at Heavily Travelled Hard Corner
Hardee’s Franchisee: Biscuits & Burgers, LLC | 99 Hardee’s & Carl’s Jr. Stores
Along Glynn Street North (31,940 Cars / Day)
Nearby Retailers: Walmart, Super Target, Kohl’s Home Depot, Publix, Dick’s, Belk
Metro Atlanta Location | $102,860 Mean Annual HH Income Within 1-Mile Radius

Lessee: K-Mac Enterprises, Inc.: One of the Largest Taco Bell Franchisees | 2011 Sales: $215 MM+
Franchisee Founded in 1964 | Headquarters in Fort Smith, AR | 167 Taco Bell Locations
Along Bishop Avenue (27,145 Cars / Day) | 0.4 Miles From Interstate 44 (33,272 Cars / Day)
Across Bishop Avenue From Missouri University of Science & Technology (7,521 Students)
Big Box Stores in Trade Area: Walmart Supercenter, Staples, & Hibbett Sports

Lessee: K-Mac Enterprises, Inc.: One of the Largest Taco Bell Franchisees | 2011 Sales: $215 MM+
Franchisee Founded in 1964 | Headquarters in Fort Smith, AR | 167 Taco Bell Locations
Along US Highway 50 (35,000 Cars / Day)
Adjacent to Stoneridge Village Power Center: Anchored by Walmart, Target, Kohl’ s, & Kmart
Near Capital Mall (520,000 SF): Anchored by Dillard’s, JC Penney, & Sears

Ideal Pad Site, Strong Performing Retail Location, Tenants Paying Modest Rent
Independent Bank: 26 TX Locations, 300+ Employees, Approx. $1B in Assets, 4 Star Rating by Bauer Financial
Panda Rest Group: Largest, Fastest Growing Asian Rest Chain | 1,300 Locations, 38 States, $1.2B 2010 Revenue
Outparcel to Lake Air Mall – Target Anchored Shopping Center | Across from High Volume HEB Grocery Store

This is 1 of Only 4 Fast-Food Drive-Thru’s on the entire 6-Mile Stretch of St. Charles Ave – Restrictions Prohibiting any Additional Drive-Thru’s.
Raising Cane’s has Faster Drive-Thru Service than any Other Major Fast-Food Chain in the U.S. Positioned Along Area’s Major Retail & Traffic Corridor.
Irreplaceable Location on St. Charles Ave. St. Charles Ave is a Centerpiece for the City’s Annual Mardi Gras Celebration (Estimated 600k+ Visitors.)
Thirty of the sixty-two Parades New Orleans hosts use St. Charles Avenue as their Primary Route ($300M Economic Impact).
Located Near the Central Business District, Historic Garden District, Mercedes Superdome (76k+ Seats), New Orleans Arena (18k+ Seats) and more.

Guarantor: CKE Enterprises, Inc. | Operates 3,159 Carl’s Jr. & Hardee’s Locations
Carl’s Jr.: 1,262 Locations | 5th Largest QSR Chain in US | Founded 1956
Along TX Route 6 (54,045 Cars) Near FM 1092 Intersection (35,279 Cars)
Strong Trade Area: 16.3% Est. 5-Year Population Growth in 1-Mile Radius
Metro Houston: 6th Largest MSA in US | 1-Mile HH Income: $128,707

Lessee: K-Mac Enterprises, Inc.: One of the Largest Taco Bell Franchisees | 2011 Sales: $215 MM+
Franchisee Founded in 1964 | Headquarters in Fort Smith, AR | 167 Taco Bell Locations
Along Osage Beach Parkway (33,090 Cars / Day)
In front of Staples & Across From Target, Lowe’ s, Sears, Petco, & Marshall’ s
Other Big Box Stores in Trade Area: Walmart Supercenter & Home Depot

Lessee: K-Mac Enterprises, Inc.: One of the Largest Largest Taco Bell Franchisees | 2011 Sales: $215 MM+
v Franchisee Founded in 1964 | Headquarters in Fort Smith, AR | 167 Taco Bell Locations
At Intersection of Interstate 20 (64,601 Cars / Day) & Lancaster Rd. (32,472 Cars / Day)
Retailers in Trade Area Include Texaco, Chevron, Conoco, Exxon, Denny’ s McDonald’ s Subway, Pilot, & Wendy’ s
Transportation & Logistics Hub: Walmart, Home Depot, & McGraw-Hill Distribution Centers Located in Trade Area