NEW 20 YEAR SALE LEASEBACK | STRONG FRANCHISEE CREDIT
- Franchisee will sign a new 20-year lease with four, five-year options with rent commencing upon closing
- 2.00% annual rent increases
- Starting rent will be set at 7.50% of 2021 sales
- Full personal guarantee by long term operator
ABSOLUTE NNN LEASE –ZERO LANDLORD RESPONSIBILITIES
- Tenant directly pays for all taxes, insurance and common area maintenance
- Tenant is responsible for roof, structure, parking lot, HVAC, etc.
STRONG STORE SALES | 20% INCREASE IN 2020-2021 REVENUE
2019 CONSTRUCTION | BUILD-TO-SUIT FOR CULVER’S
GROWING FAST FOOD CHAIN
- Culver’s recently ranked #2 in annual sales growth among the 10 largest burger chains in the U.S. according to the TechnomicChain Restaurant Report
- Culver’s has over 800 locations across 25 states and approximately 25,000 employees.