INVESTMENT HIGHLIGHTS • Absolute NNN - no landlord responsibilities • Long term primary lease (±20 years remaining) • Qualifies for bonus depreciation • Rental increases every 5 years to hedge against inflation STRONG OPERATOR • Franchisee operator has been in business for over 16 years • Strong personal guaranty with guarantor net worth above $29.25M • Gross annual revenue is over $90M • Franchisee operates 18 locations • Extremely high unit level sales PROPERTY HIGHLIGHTS • Located on a hard corner with ±62,375 vehicles per day at 12th St & Northern Ave • Densely populated trade area with over 359,000 residents within 5 miles • Strong average household incomes over $130,000 in a 1 mile radius • Close proximity to the AZ-51 Freeway