Hooters | Daytona Speedway Entrance

Investment Highlights

DIRECTLY ACROSS FROM THE ENTRANCE OF THE DAYTONA INTERNATIONAL SPEEDWAY
• Located across from the entrance to the Daytona International Speedway, a 480 acre complex that draws the largest audience in motorsports with a capacity of 123,500.
• Home to “The Great American Race” – the Daytona 500 which has an overall economic impact of more than $1 Billion annually and attracts nearly 10 million tourists to Daytona each year.
• A $400 Million construction project called “Daytona Rising” was completed in 2016. This project was a reimaging of the complex that expanded entrances and increased capacity.
• Hosts eight major weekends of racing activity each year, a weekend rarely goes by when the facility is not in use for events including civic and social gatherings, car shows, photo shoots, production vehicle testing and police motorcycle training.
• The Daytona International Airport is also located next to the subject property. This airport supports nearly 1000 flights per day.

INTERSTATE LOCATION WITH A DENSE & GROWING POPULATION
• Located on International Speedway Blvd (45,500 VPD) and is directly off Interstate 95 (78,500 VPD).
• The 5 mile population is 104,992 with 14% growth. The growth within a 3 mile radius is over 21%.

PRIMARY RETAIL CORRIDOR | 3M SF OF RETAIL WITHIN 1 MILE
• There is over 3M SF of retail within a 1 mile radius of this Hooters. Surrounding national tenants include: Target, Home Depot, Bass Pro Shops, Staples, Best Buy, Volusia Mall and more.
• This Hooters is adjacent to a new 160K SF Costco that just opened in February 2024. This project cost $17.8M and includes a gas station with 24 fueling spaces.

DAYTONA BEACH | “THE WORLD’S MOST FAMOUS BEACH”
• Daytona Beach, often referred to as the “The World’s Most Famous Beach” is the most prominent tourism hub in Volusia County, Florida, sitting a short distance northeast of Orlando and abutting the Atlantic Ocean.
• Daytona Beach is 1 of the most visited destinations on the East Coast with 10 million visitors per year.
• The Daytona Beach metro area is a regional marketplace, giving way to a diverse group of retail businesses, professional services, hospitality, manufacturing plants, and associations.
• The city is home to the headquarters of NASCAR, the International Speedway Corporation, Costa Del Mar, Brown and Brown Insurance, and the LPGA.
• Daytona Beach is home to 5 main colleges and universities with a total enrollment of more than 27,000 students.
• Florida is 1 of 7 U.S. states that has no state income tax.

11+ YEAR CORPORATE NNN LEASE WITH INCREASES
• There are 11 years remaining on the initial 20 year NNN lease that commenced in October 2015 and expires in September 2035.
• There are 8.5% rent increases every 5 years in the initial term and in each of the Four, 5 year option periods.
• This lease is absolute NNN with 100% no Landlord responsibilities.
• The Tenant is responsible for Roof, Structure, Parking Lot, Taxes, Insurance, & Utilities.
• Hooter’s has been in business for 1983 and has 430 in 42 U.S. States and 29 countries.
• Hooter’s is owned by TriArtisan Capital Advisors and Nord Bay Capital who are highly experienced in the Restaurant Sector with Other Current Investments Including P.F. Chang’s, TGI Fridays, and C3.