SECURE LONG-TERM INVESTMENT Fee simple ownership backed by approximately 12.5 years of remaining primary lease term, combining stable tenant income with residual land value. HIGH-TRAFFIC SIGNALIZED CORNER Positioned at the signalized intersection of Beach Boulevard and Orangewood Avenue, capturing ~73,600 vehicles per day at the intersection, with Beach Blvd alone drawing ±66,254 ADT as one of Orange County's primary north-south commercial corridors. DENSE, AFFLUENT ORANGE COUNTY TRADE AREA Nearly 680,000 residents within 5 miles at an average household income above $131,000, positioning the subject within one of Orange County's densest and most affluent QSR trade areas. EXPERIENCED MULTI-UNIT FRANCHISEE Tenant is a seasoned multi-brand California-based Wendy's franchisee with 34 years of operating experience currently running 48 Wendy’s restaurants, including three recently opened locations in SoCal. Continuous unit growth, along with additional projects under development, further support the operator's regional density for long-term operational stability. ABSOLUTE NNN LEASE STRUCTURE A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs, and self maintaining the property. Zero landlord responsibilities. HEDGE AGAINST INFLATION 10% rental increases every five years in the base term and each of the five 5-year renewal options, providing for up to 37+ years of programmed rent growth during remaining term and options. STATE-OF-THE-ART 2019 CONSTRUCTION Built new in 2019 to Wendy's latest prototype with an efficient drive-thru layout on a large drive-thru parcel with ±33 parking stalls (9.95/1,000 SF), supporting long-term tenant retention and asset durability. RECESSION-RESILIENT INCOME Wendy's is the second-largest hamburger QSR chain in the United States by system sales and has historically outperformed the broader restaurant sector in downturns, as value-oriented consumers trade down from casual dining. Value and convenience positioning support durable site-level performance across economic cycles.