Wendy's | Greensboro, NC 4805 West Market Street

OPERATED BY STRONG FRANCHISEE - 350+ LOCATIONS The Absolute NNN lease is guaranteed by Meritage Hospitality Group (OCTQX: MHGU) the only publicly traded Wendy’s restaurant franchisee in the company. Since 2009, Meritage has acquired 295 Wendy’s restaurants through 28 separate transactions making it one of the largest franchisees in the Wendy’s system. As of September 29, 2024, Meritage operated 376 Wendy’s quick-service restaurants under franchise agreements with The Wendy’s Company. Of the Wendy’s restaurants, 8 are located in Arkansas, 32 in Connecticut, 59 in Florida, 51 in Georgia, 12 in Indiana, 13 in Massachusetts, 57 in Michigan, 8 in Mississippi, 3 in Missouri, 24 in North Carolina, 15 in Ohio, 28 in Oklahoma, 1 in South Carolina, 34 in Tennessee, 16 in Texas and 15 in Virginia.

LOW RENT The tenant Uncommon Hospitality is operating at this location on a rent of $29.84 PSF which is approximately 50% below market rent providing considerable upside moving forward.