ATTRACTIVE LEASE FUNDAMENTALS - 15 Yr NNN Lease with No Landlord Responsibilities - Three (3) five (5) year extensions remaining - 10% Increases every 5 years in base rent and extension periods HIGH PROFILE BRAND WITH EXTREMELY STRONG FRANCHISEE - Planet Fitness has over 2,600 locations and is considered one of the fastest growing fitness franchises in the US - More than 17M members - Excel Fitness has over 160+ locations in 9 different states - Excel has partnered with P.E. Firm Olympus Partners ($8.5B AUM) to help achieve growth strategy HIGHLY VISIBLE AND TRAFFICKED LOCATION - Fronting US 70 BUS Hwy W (40,500 VPD) - Direct Access to Cameron Crossing, a 200 unit townhome community -Less than quarter mile to Stalling Mills, a 288 unit apartment complex RETAIL DENSE STRIP - Over 627KSF of retail space located in a 1-mile radius - Nearby National Retailers include: Lowes Foods, Walmart Super Center, Bojangles, Biscuitville, Arby’s, Dairy Queen and Culvers NEW CONSTRUCTION - Rare Stand-Alone single tenant Planet Fitness that is set to be complete in December 2025 - The 24,000 SF build-to-suit property sits on 3.00 Acres A TOP PERFORMING MARKET NATIONALLY - Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage) - Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022) - Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News