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INVESTMENT HIGHLIGHTS
Miller's Ale House: Miller's Ale House opened their first location in 1988 in Jupiter, Florida, and now have 101 locations across Florida, Georgia, Illinois, Maryland, New Jersey, New York, Pennsylvania, Delaware, Virginia, and Tennessee. The Florida-based American restaurant and sports bar chain serves steaks, chicken, burgers, salads, seafood, and similar items. They are owned by Roark Capital Group, an American private equity firm with over $35 billion in assets under management.
12-Year Absolute NNN Ground Lease with 2% Annual Increases: Miller's Ale House is operating under a brand-new, 12-year Absolute NNN Ground Lease with four (4), five (5) year option periods, all with 2% annual rent increases and zero Landlord responsibilities.
Great Location with Excellent Visibility: The Property is located on an outparcel adjacent to Fayette Pavilion, a 146-acre shopping center anchored by Target, Home Depot, Walmart, Kohl's, Publix, and many more. Fayette Pavilion, with 1.5 million SF of retail space, is the largest open-air shopping center in the state of Georgia and the 2nd most foot-trafficked center in the state of Georgia. The Property is located just off U.S. Hwy 85 which provides direct exposure to 32K+ vehicles per day.
Excellent Demographics in a Growing Georgia Market: The Property is served by a population of over 101,000 people living within 5 miles that have an average HH income over $92K. Fayetteville is ideally situated along U.S. Hwy 85, approximately 20 miles south of Atlanta. Fayette County is part of the Metro Atlanta MSA, which had a population of 6,144,050 as of 2021.
Proximity to Trilith Studios: Originally known as Pinewood Atlanta Studios, Trilith Studios is a film and television production studio encompassing 700 acres, with a 400-acre backlot and 24 soundstages. Located across the street from the studio is Town at Trilith, a residential and commercial complex. In August 2022, Trilith filed a proposal to add an additional 4.7 million sq. ft. of studio, production, office, warehouse, retail, and residential space south of the existing property by 2032. Trilith's popular productions include multiple Marvel films and television series such as Black Panther, Avengers: Infinity War, Avengers: Endgame, Guardians of the Galaxy Vols. 2 and 3, Spider-Man: No Way Home, and more.
