Burger King | 15-Year Absolute Net | Across from Walmart

Investment Highlights

• Absolute Net Burger King | Operated by Dakota Restaurant Partners, Inc. (14 Units | 10 Located in North Dakota)
• 15 Years Lease Term Remaining | (4) 5-Year Options
• Percentage Rent Upside: Annual Base Rent to Equal 7.5% of Sales, in No Event to be Less Than the Previous Year (Percentage Rent Clause Begins on 11/1/2026)
• Strategic Location: the Only Burger King within an 80-Mile Radius (Only 15 Burger Kings in North Dakota) | Limited Competition in the Marketplace | 6 Total Quick-Service Restaurants in the Area
• High Visibility Along US-2 (5,215 VPD) | Arterial Highway Serving Retail Corridor
• Across from Walmart Supercenter | 1.7M Annual Visitors | Next Nearest Walmart is in Grand Forks (85 Miles Away)
• Devils Lake is North Dakota’s Premier Vacation Destination | 160,000-Acre Lake | Hundreds of Miles of Shoreline | Multiple Resorts, Hotels, & Campgrounds | “Perch Capital of the World” | Ranked Top 5 Fishing Lakes in the U.S.
• 5 Miles from Camp Grafton North | 1,000-Acre Military Base | Level III Military Training, Lodging, PX, & Dining Facilities | (Camp Grafton South 45 Miles Away | 9,300 Acres)