Description

This offering features a newly constructed Jim ‘N Nick’s Bar-B-Q ground lease investment located within The Bridges at Camp Creek, a 110,000+ square-foot master-planned retail development in Olive Branch, Mississippi. The property is secured by a new 15-year absolute NNN ground lease with zero landlord responsibilities and is backed by a corporate guarantee from Jim ‘N Nick’s Management, LLC. The lease includes 10% rent increases every five years during the initial term and 15% increases throughout four additional five-year renewal options, providing investors with the potential for up to 35 years of occupancy and strong protection against inflation. The property was developed using Jim ‘N Nick’s latest prototype, designed to support the brand’s evolving “Fast-Casual Plus” concept. Key features include dual drive-thru lanes, dedicated off-premises pickup areas, and an optimized kitchen layout. With approximately 60% of sales generated through off-premises channels, the format is well-positioned to meet changing consumer preferences. Jim ‘N Nick’s currently operates 62 locations throughout the Southeast and generated more than $200 million in system-wide sales during 2024. The tenant is owned by Roark Capital, a leading private equity firm with over $41 billion in assets under management and a portfolio that includes major restaurant brands such as Dunkin’, Subway, Arby’s, and Buffalo Wild Wings. The surrounding trade area features a notable concentration of Roark-backed brands, underscoring institutional confidence in the market and its long-term growth prospects. Strategically located along New Goodman Road (Highway 302), one of Olive Branch’s primary retail corridors, the property benefits from excellent visibility and exposure to more than 34,800 vehicles per day, along with convenient access to US-78, which carries approximately 65,200 vehicles daily. The area is anchored by major national retailers including Walmart, Kroger, Lowe’s, and Home Depot and continues to experience substantial residential, commercial, and mixed-use development growth throughout Olive Branch and the greater Memphis metropolitan area.