| Current rent ($13.41 PSF) is significantly below market rents which exceed $30.00 PSF. Only one tenant renewal option remains. |
| Outparcel to Springdale, which is anchored by the 2nd most visited Sam’s Club out of 13 stores in the State |
| Corporate lease: Logan’s Roadhouse was acquired by SPB Hospitality in June 2020. SPB owns 14 restaurant brands in 38 states—totaling 555 units. |
| Springdale shopping center ranks in the top 4% nationally and top 3% in Alabama for customers to shopping centers: attracting 6.8 million visitors |
| Logan’s Roadhouse ranks in the top 22% of Top 500 Highest Grossing Restaurants. Logan’s average sales per store are $3.23 million. |
| Parent company of Logan’s: SPB Hospitality’s income grew 34% in 2023 over 2022. SPB is a $1.5 billion company. |
Michael Brewster
Colliers
