HOOTER'S

OFFERIN

G MEM

ORAN

DUM

ABSOLUTE NNN $3,281,250135 STADIUM DRIVE , KODAK, TENNESSEE

Exclusively Marketed by:

Steven DavisManaging Member480-429-4580Lic: 101032000steven@retail1031.com

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

8255 East Raintree Drive Suite 100 Scottsdale, AZ 85260

Hooter's CONTENTSExecutive Summary

Executive Summary 5 Location Summary 6

Property Description78-91011

Aerial Map Parcel Map Property Images Tenant Profile

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13

Demographics

Demographics Demographic Charts

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to bereviewed only by the party receiving it from Retail Investment Group and it should not be made available to any other person orentity without the written consent of Retail Investment Group.

By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such informationin the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offeringmemorandum. If you have no interest in the subject property, please promptly return this offering memorandum to RetailInvestment Group. This offering memorandum has been prepared to provide summary, unverified financial and physicalinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The informationcontained herein is not a substitute for a thorough due diligence investigation. Retail Investment Group has not made anyinvestigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the futureprojected financial performance of the property, the size and square footage of the property and improvements, the presence ofabsence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physicalcondition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans orintentions to continue its occupancy of the subject property. The information contained in this offering memorandum has beenobtained from sources we believe reliable; however, Retail Investment Group has not verified, and will not verify, any of theinformation contained herein, nor has Retail Investment Group conducted any investigation regarding these matters and makes nowarranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyersmust take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for theircosts and expenses of investigating the subject property.

Hooter's Confidentiality and Disclaimer | 03

CONFIDENTIALITY AND DISCLAIMER:

PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT RETAIL INVESTMENT GROUP FOR MORE DETAILS.Copyright © 2018 CREOP, LLC. All Rights Reserved.

Hooter's | Executive Summ

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Executive Summary HOO

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Offering Summary

Location Summary

Hooter's Executive Summary | 05

OFFERING SUMMARYADDRESS 135 Stadium Drive Kodak TN 37764

COUNTY Sevier

LEASE TYPE Absolute NNN

CAP RATE 6.40%

BUILDING SQUARE FEET ±6,500 + Patio

LAND SQUARE FEET ±71,874

LAND ACRES ±1.65

SEATS 260

TENANT Hooter's

OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $3,281,250

PRICE PSF $45.65

OCCUPANCY 100 %

NOI (CURRENT) $210,000

CAP RATE (CURRENT) 6.40 %

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2017 Population 613 8,117 20,040

2017 Median HH Income $52,840 $48,191 $46,816

2017 Average HH Income $62,772 $60,738 $59,048

New 20 Year Lease Begins at COE

Corporate Guarantee Sale Leaseback

Brand New Ground Up Construction

4 x 5 Year Options

New Phase One Available

New Alta Survey Available

Direct Visibility from Interstate 40 which has 68,100+ Vehicles Per day

± 15 Miles to Pigeon Forge, Dollywood, which sees 2.5 Million visitor annually, and the Titanic Museum.

Retail Investment Group is pleased to offer a Hooter's in Kodak,TN. This property is ±6,500 square feet with a patio and is on ±1.65acres of land.

The property is adjacent to Bass Pro Shops, a 132,000+ square feetstore that opened in 2005 and retailers including McDonald's,Taco Bell, Cracker Barrel, Hampton Inn and Suites, with 87 Keys,American Best Value Inn and Suites, with 51 Keys, Fairfield Inn andSuites, with 91 Keys, and Holiday Inn Express and Suites, with 91Keys.

Only ±1 Mile from the Great Smokies Flea Market which has1,000+ venders and sees over 1,000,000 visitors per year.

The property is located in the same plaza as the Smokies Stadium.A ±6,000 seat, Chicago Cub Double-A affiliate sports stadium thathosts 70+ home games per year. The stadium also hosts collegebaseball tournaments, the Great Smokey Mountain Auto Show,along with many other events year-round.

YEAR BUILT Q4 2018

LEASE EXPIRATION December 31,2038

INCREASES 8.5% Every 5 Years

GUARANTEE Corporate Lease

Hooter's Location Summary | 06

Kodak is a community in Sevier County, Tennessee. It is located along State Highway 139 and State Highway 66, and just South of Interstate Highway 40. Bother Interstate 40 and State Highway 66 are main routes to both Knoxville and Pigeon Forge. The elevation of Kodak is about 896 Feet above sea level.

Kodak, home of the Smokey Mountain Visitor's Center is one of Tennessee's main gateways to the Great Smokey Mountain's National Park, which saw 11,388,000+ visitors in 2017. The town is a stop on Tennessee's Great Valley Wine Trail for its winery, Eagle Springs Winery. The Great Valley Wine Trail consists of Five wineries in the Great Smokey Mountains. Sevier County continues to raise tourism numbers each year and currently sits as the third largest tourism county in Tennessee.

Also located in Sevier county are Pigeon Forge, home of Dollywood, which sees 2.5 million visitors annually, and the Titanic Museum which sees 625,000+ visitors per year. Gatlinburg, TN which also sees millions of visitors each year for the direct access to the Great Smokey Mountains and the Ripley's Aquarium of the Smokies which recently won an award as the best aquarium in the nation.

Hooter's Aerial Map | 07

Hooter's Parcel Map | 08

Hooter's Parcel Map | 09

Hooter's Property Images | 10

Hooter's Tenant Profile | 11

Trade Name Hooter'sHeadquartered Atlanta, GAWebsite www.hooters.com

www.chanticleerholdings.com# of Locations 430

DescriptionHooters was appropriately incorporated on April Fool’s Day, 1983, when six businessmenwith absolutely no previous restaurant experience got together and decided to open aplace they couldn’t get kicked out of. Soon after, on October 4th of that year, the doors tothe first Hooters Restaurant opened in Clearwater, Florida. The now famous “Hooters Six”were: L.D. Stewart, a painting contractor; Gil DiGiannantonio, a liquor salesman; “UncleBilly” Ranieri, a retired service station owner; Ed Droste, a real estate executive; DennisJohnson, a brick mason by trade; and Ken Wimmer, a partner in the painting business withL.D. Strange group. Out of their fertile imaginations – and more R & R than R & D – camethe concept of Hooters. The restaurant would combine their favorite manly finger foodswith the 50’s and 60’s music they felt best exemplified a happy, nostalgic time in mostAmericans’ memories. Then came the wood.Lots of wood. Walls, floors, tables, bars-Denny & L.D. put it everywhere, choosing T1-11 asthe exterior of choice because it was the cheapest. Although fun, once opened, thepressure to succeed was intense (two of the Hooters Six were Italian). So Droste, themarketing guy, donned a chicken suit and stood in traffic waving people in the door (manystill consider the costume a great improvement in his wardrobe). Shortly after the trick inthe costume (and a little event known as Super Bowl), the little joint’s fame began tospread. Now you know which came first, the chicken or the Super Bowl. They had a hunch,but little did the Hooters Six knew how much the public yearned for a fun, casualalternative to the existing fern bars and fine dining establishments. Hooters was tobecome an oasis. An oasis with great food.

Hooters is a private company that is owned by a consortium of PE companies HIG Capital,Karp Reiley, and Chanticleer Holdings that acquired the chain in 2011.

Hooter's | Demographics

Demographics HOO

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Demographic Details

Demographic Charts

Hooter's Demographics | 13

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 514 6,577 15,180

2010 Population 585 7,654 18,824

2017 Population 613 8,117 20,040

2022 Population 635 8,496 21,021

2017 African American 3 71 248

2017 American Indian 1 30 66

2017 Asian 5 51 100

2017 Hispanic 16 221 504

2017 White 587 7,747 19,104

2017 Other Race 7 89 193

2017 Multiracial 9 126 322

2017-2022: Population: Growth Rate 3.55 % 4.60 % 4.80 %

2017 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 21 367 893

$15,000-$24,999 27 419 999

$25,000-$34,999 17 287 796

$35,000-$49,999 32 516 1,317

$50,000-$74,999 82 720 1,678

$75,000-$99,999 24 371 927

$100,000-$149,999 16 292 718

$150,000-$199,999 1 31 110

$200,000 or greater 7 82 146

Median HH Income $52,840 $48,191 $46,816

Average HH Income $62,772 $60,738 $59,048

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 209 2,738 6,391

2010 Total Households 216 2,914 7,149

2017 Total Households 226 3,085 7,583

2022 Total Households 235 3,227 7,941

2017 Average Household Size 2.70 2.63 2.64

2000 Owner Occupied Housing 149 2,011 4,793

2000 Renter Occupied Housing 39 457 975

2017 Owner Occupied Housing 148 2,214 5,640

2017 Renter Occupied Housing 78 871 1,943

2017 Vacant Housing 29 467 1,279

2017 Total Housing 255 3,552 8,862

2022 Owner Occupied Housing 152 2,303 5,889

2022 Renter Occupied Housing 83 924 2,052

2022 Vacant Housing 40 600 1,582

2022 Total Housing 275 3,827 9,523

2017-2022: Households: Growth Rate 3.90 % 4.50 % 4.65 %

Source: esri

Hooter's Demographic Charts | 14

1 Mile Radius 3 Mile Radius 5 Mile Radius

2017 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2017 Population by Race

Hooter's

Exclusively Marketed by:

Steven DavisManaging Member480-429-4580Lic: 101032000steven@retail1031.com

8255 East Raintree Drive Suite 100, Scottsdale, AZ 85260