Sherman Walters

Neil joined National Restaurant Properties in 2022 after more than 20+ years of working with some of the most recognized national and local brands in the business. He leverages this background to bring common sense approaches to their business needs. neil@breadnbutterinc.com CORE SPECIALTIES Business Brokerage Tenant Representation Landlord Representation Commercial Leasing F&B Real Estate Acquisitions Franchise Sales Operations Consulting New Store Openings Multi-Unit Operations BACKGROUND: Neil came to NRP in 2022 after a long and successful career of 25+ years working both with national brands as well as local independent brands. Outback Steakhouse Hickory Tavern Brumit Restaurant Group Neil connects well with operators because of his seasoned approach to building a team and building consensus. And there’s not really a scenario that he hasn’t seen before and been able to maneuver through. Neil brings a sense of ownership to his projects that his client’s appreciate and respect. EDUCATION: Degree in Psychology – Jacksonville State University Minor in Business Administration Serve Safe Instructor Commercial Real Estate License – NC & SC What I Enjoy the Most About NRP and BNB I enjoy meeting owners & operators in the industry and learning about their journey. Helping them achieve their dreams of being a successful entrepreneur and growing alongside them. Favorite Quote(s) “Always remember people who have helped you along the way, and don’t forget to lift someone else up.” - Roy T Bennett “Incredible change happens in your life when you decide to take control of what you do have power over, instead of craving control over what you don’t.” - Steve Maraboli “You learn a lot about someone when you share a meal together.” - Anthony Bourdain

Sherman has filled nearly every role @ National Restaurant Properties - from Junior Broker to Market Leader to President/CEO. Today he oversees the growth of our brand in multiple markets but remains heavily involved in working with both well-established brands & start-ups throughout every established market within the Carolinas. Prior to joining NRP in 2009 as a Junior Broker, Sherman was a multi-unit owner/operator in the Dairy Queen franchise system. He also served the DQ brand in many market & regional leadership positions – marketing & promotion, menu management, product development, supply chain & operational efficiencies. For 15+ years he leveraged his reputation as a fair & honest broker to bridge the gap between multiple agendas within the 6,000+ units of the Dairy Queen franchise system. This was during a period when the DQ system saw historic YOY gains in system-wide revenue & profitability. In 2017, he left Charlotte to develop our Greenville, SC market from scratch. His vision for developing an NRP market was decidedly different to our traditional model – less transaction-oriented with a heavier emphasis on a more advisory approach. Sherman believed that our model of “getting them in the business vs getting them out of the business” wasn’t as essential as “keeping them in business.” His vision was to use our brand and its resources to create more industry leaders and “winners.” In 2020, he launched Bread N Butter Restaurant Strategies – which would later become the “sister brand” of NRP – and focus on being an advocate and resource for the F&B industry. Over the course of 2020 & 2021, Sherman acquired the NRP Charlotte office & the brand from our founding family – and set out to rebrand and retool our thriving company for a new generation of F&B operators.