5180 Northeast 24th Street, Ocala, FL, USA

NO LANDLORD RESPONSIBILITIES
• Absolute NNN lease structure means the tenant is responsible for all expenses, including HVAC and roof repairs & maintenance.
• 5 years of term remaining with two (2) additional 5-year options to extend.
• Steak ‘n Shake has been a tenant at the location for 23 years, showing a high level of commitment to the property.
• Corporate lease with Steak ‘n Shake, Inc. provides security and financial strength to the future performance of the lease.
• Below market rents provides potential upside in rental income should Steak & Shake not exercise their option(s) to extend.

NATIONAL TENANT
• The property is currently leased to Steak ‘n Shake, an American casual restaurant with over 400 locations and over 20,000 employees.
• Steak ‘n Shake was established 90 years ago in Illinois and has grown to become an international American casual restaurant with locations in the United States, Southwest Europe, and the Middle East.
• Steak ‘n Shake is a subsidiary of Biglari Holdings, Inc., a publicly traded company (NYSE: BH.A) that has major subsidiaries such as Steak ‘n Shake, Maxim magazine, First Guard Insurance, and Western Sizzlin’.

STRATEGIC LOCATION
• The asset is located on the intersection of E Silver Springs Blvd and NE 24th St in Ocala. This stretch of E Silver Springs Rd where the property is located has an AADT of 22,270.
• This site is strategically positioned as an outparcel to a Walmart Supercenter.
• E Silver Springs Blvd is a primary retail thoroughfare that contains some of the nation’s largest retailers including Walmart, Publix, Aldi, Lowe’s, and more.
• Ocala is the largest city in Marion County.

DESIRABLE DEMOGRAPHICS
• 29,065 population within a 3-mile radius
• $79,316 average household income within a 3-mile radius