10-Year Modified NNN Lease with 10% Increases Every 5 Years – Tenant responsible for roof membrane and covering, landlord responsible for roof structure
Corporate Lease with Noodles & Company (NASDAQ: NDLS) – 396 locations in the United States
$1.568M Average Unit Volumes in Q2 2026 – a 4.62% implied rent to sales ratio at subject property
Noodles & Company Generated $495.1 Million Revenue in 2025 – Comparable restaurant sales increased 4.1% system-wide, including a 4.3% increase for company-owned restaurants
Reimagined Menu Launched in 2025 Has Delivered 7% Revenue Growth Year-over-Year – Same-store sales increased 10.3% in Q2 2026
