• The tenant recently signed a brand new 20-year lease with 4 (5-year) options to extend • The lease features $1.00/SF rent increases every 5 years including options, generating NOI and hedging against inflation • The tenant is currently paying far below market rents in Orange County • Headquartered in Phoenix, AZ, Sprouts employs approximately 35,000 team members and operates more than 450 stores in 24 states nationwide • In their most recent earnings report, Sprouts reported same-store comp growth of 10.2% and net sales increased 17%